Bitcoin futures debut in CBOE last Sunday was rather anticlimactic – bitcoin’s volatility was one of the lowest in recent weeks.
While bitcoin was flat for most of the week, lots of capital flowed into altcoins and pretty much everything went up significantly. Ripple is up by over 220%, Litecoin over 130%, Cardano over 380%, Stellar over 130%, and EOS over 120%.
It looks like many people are trying to find the next Bitcoin, the Ethereum killer, or the next 100x coin. Some people are just buying up coins with a low denomination in price, without acknowledging the market cap.
The market feels very euphoric right now, which is worrying. It is very difficult to time the market, but this kind of price growth is not sustainable. Remember, be greedy when others are fearful, and be fearful when others are greedy. The market is definitely greedy right now.
Vitalik Buterin released a document detailing the sharding scaling solution: https://github.com/ethereum/sharding/blob/develop/docs/doc.md
BitPay to Process Payments on Multiple Blockchains, Starting with Bitcoin Cash: https://blog.bitpay.com/multiple-blockchains/
TD Ameritrade to open trading on bitcoin futures: https://www.cnbc.com/2017/12/15/td-ameritrade-to-open-trading-on-bitcoin-futures.html
Japanese Company Offers To Pay Employees In Bitcoin: http://www.zerohedge.com/news/2017-12-15/another-crypto-milestone-japanese-company-offers-pay-employees-bitcoin
CTFC Proposes Guideline on Cryptocurrency Margin Trading: http://fortune.com/2017/12/15/bitcoin-police-regulation/
An Anonymous Bitcoin Early Adopter Is Donating $86 Million to Charity: https://news.bitcoin.com/an-anonymous-early-adopter-is-donating-5057-btc-85m-to-charity/
Tezos Director Resigns, Sowing More Uncertainty at Crypto Startup: https://www.reuters.com/article/us-bitcoin-tezos-board/tezos-director-resigns-sowing-more-uncertainty-at-crypto-startup-idUSKBN1E62KN
Gibraltar Paves Way for Regulation of Crypto and DLT Companies: https://news.bitcoin.com/gibraltar-paves-way-for-regulation-of-crypto-and-dlt-companies/
Articles From Crush Crypto
Crusher of the Month – Monero: https://crushcrypto.com/monero-crusher-dec-17/
Crush Crypto Research Challenge Results: https://crushcrypto.com/crush-crypto-challenge-results-announcement/
Analysis of SelfKey ICO: https://crushcrypto.com/analysis-of-selfkey/
* The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.