TMX Group, home to the TSX and TSXV stock exchanges, is one of the most of the world’s most trusted and efficient capital markets. Shorcan, one of TMX’s wholly owned subsidiaries, announced its intention to launch a cryptocurrency brokerage. In partnership with Paycase Financial and BMO Financial Group, the new brokerage service will launch with an initial focus on Bitcoin and Ethereum.
It will be the first exchange-owned crypto brokerage in the world and instantly provides a degree of legitimacy to cryptocurrencies.
The markets move in cycles. What's significant here is Bitcoin as the new Barometer of Measurement. All other cryptos exist relative to Bitcoin. It's cool in this regard as we are in the process of layering a sound financial system that is mathematically reliable. Early days. Personally, I think it's quite cool to chart/track your favorite coins/tokens relative to Bitcoin.
If we take a longview here for a moment - a big picture outlook - we can see that Bitcoin is becoming more and more substantial as a news worthy story. Opportunities are plentiful for those with the privilege of time to take personal responsibility for best practiced accounting.
I mentioned that all crypto's move relative to Bitcoin. It may be early days to say this, but all forms of money/investment move relative to Bitcoin. How you look at things and make decisions about any form of investment for safekeeping and future development, should take into serious regard the actions and behavior of Bitcoin.
If you take some time to start playing with technical analysis, you will become proficient in a very natural way - where you're able to see the patterns quite obviously and can participate in making your best market decisions from beyond the speculated frenzy of the instability of basing your decision on a gut feeling of fud or fomo.
All of the Alt coins are down quite a bit relative to Bitcoin. Litecoin I think is standing the strongest relative to Bitcoin. I say this based upon the fact that If you look at the timelines of the last 3- 4 months. the self-correction has been quite similar. Showcases a process being walked in close parallel.
Steem Thoughts - Price is a decent buy right now - price has corrected about 5x relative to Bitcoin self-correction. Steem price could tread a bit lower... lots of super strong support though at lower levels...Steem could definitely have a more substantial jump once the price of bitcoin rebounds effectively in stabilizing it's self-correction and begins moving as the Bull by the Horns here.
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