Bitcoin
Nothing interesting going on. I still strongly believe that the market is trying to find direction these days. How many are up to date on Elliot Wave theory? How many see the strong correlation? How much is dictated by traders and TA-analysists. How many whales are potentially waiting to get in once we see Elliot Wave 3 uptrend confirmed?
I expect there will be more action in a few days. Sideways trading for a couple of days without dropping too much is what we have been talking about and awaiting. If I were to pretend to be a trader I would guess we are bottoming out in the next 3-4 days. And then we will start the uptrend. Possibly break the long term downtrend somewhere early-mid March.
Of course this is pure speculation, and mostly for fun. I'm as you know a long term investor in cryptos and I personally don't care about small trends. Although I think it's fun to make predictions and follow the market on a more short term scale.
As you can see on this beautifully made chart..
Man attacked and forced to transfer 100 BTC to the muggers
A cryptocurrency investor fell victim to unidentified assailants in Moscow who reportedly disfigured him and stole over $1 mln worth of Bitcoin, today, Feb. 23, according to local crypto journal Forklog.
According to Forklog, the victim, who has not been named, was in the southern district of the Russian capital when a group of muggers stopped him and demanded he transfer his holdings.
Poor guy. This is why you don't brag about your crypto holdings. And this is why even I could welcome some regulations. Because the day you stand there, mugged by people who as found out where you live (because you have been writing about your BTC holding on Facebook pages) you have NO rights. Zero. You can't call a bank and have your BTC back.
I'm sure this can be solved without regulations however. I'm not sure if such a service excists yet. I don't think so? But there is dire need for a Crypto Insurance Company. The problem however would be fraud. How easy wouldn't it be to just hit yourself in the face and then transfer all your cryptos to another address. Boom. Stolen. Oops. But I'm sure cleverer people will find out how to deal with this. The free market always does. If there is need for a crypto insurance company, brilliant people will come up with how.
For now though - be very careful. I know it's very tempting to put a Bitcoin bumper sticker on your new Tesla or Lambo. It's tempting, if not impossible not to start talking about cryptos at a party - when all you do is think and write about cryptos. For many of us, crypto has become 90% of our lives. I dream about two things these days - Cross country skiing and Cryptos. (Yes, I actually dreamt that I had taken the wrong ski-poles tonight...the horror!)
Cryptos and energy
As you all know, greens and socialists are crying about how cryptos is bad to the environment. One of the leaders of the green party in Norway tweeted not long ago that "What's up with Bitcoin? It's useless as a currency and it destroys the environment" Not so fast retard. The free market solves stuff like this. Just keep your communist fat fingers away from it, and you will realize that we're going to be just fine. Just..app app! Away! Stay away! Go away! Are you deaf?
Cointelegraph reports;
Describing themselves as ‘world's first eco-friendly, tangible, waste to energy Blockchain solution,’ 4NEW’s premise is to take waste products and transform them into a usable energy source
Market
Doesn't get more boring than this. But like I said..wait for it..
Donations:
0x3bDfA13bD53A75B457df65F520fFE556faF29a9A
1E28FMCoy4Hi3CgUXAUX31Uxed2nDtw9d2