The Shanghai exchange BTC China is currently holding a vote on which Crypto will be included in the exchange next.
The contenders are:
Steem is in last place trailing behind only a few percents compared to the others. However even if I had a magic wand and could give the XMR and DOGE votes to Steem it still wouldn’t be enough.
Never say never but it’s seriously looking like ETC is going to be the winner in about 4 days time.
Moving Forward…
The great thing about this is that there is sure to be a pop in the ETC price…in fact more than just a pop. BTC China has a daily volume of almost 20000 Bitcoins per day!
To put that into perspective North American giant Kraken only does about 7200 Bitcoins per day.
China Capital Controls + They LOVE to Gamble
I hope that didn’t sound racist but its true. The last 10 years the Chinese have been going crazy in the stock markets. However the Shanghai Composite Index had a HUGE bubble and correction in 2015 which has turned many Chinese off of the Stock Markets.
Crypto Currencies provide a fast paced way to invest/speculate/gamble.
**There are precious little ways for the Chinese to invest their money: **
-Stocks (OVERVALUED)
-Real Estate is insanely (OVERVALUED)
-Gold / Silver (UNDERVALUED) but (ILLIQUID)
-Crypto Currency Markets (UNDERVALUED) and Fast Paced
Clif High’s ALTA Report Confirms ETC Growth
Clif High’s latest webbot report does confirm:
“...ETC growth continuing albeit at a slightly faster rate beginning in JUNE of 2017"
Clif High has been wrong about some things but when it comes to crypto currencies he has been brilliantly accurate. I highly recommend you buy and read the full report from his website: http://www.HalfPastHuman.com
Let’s Make Some Money
Look, I am here to make money just like you. I like Steem as much as the next guy…I mean look at my wallet I have money invested into it because I believe in Steem.
However this shouldn’t cloud your judgement when a HUGE buying opportunity presents itself.
The ETC market is still very liquid at around 141million USD a day so your money will not fall into the alt coin liquidity trap.
The Vote ends in May 25th and I am going to take some of my Bitcoins and exchange them for a whole bunch of ETC Tokens.
See you on the other side.
/Ethan