Bitcoin over $2000US and Ethereum chasing down $200US showing that these two cryptocurrencies and blockchains are leading the pack.
All Ethereum forks will do well in the future as Ethereum keeps climbing and we will see a new energy towards ETH in the coming months.
I also feel that we are seeing very deliberate 7 to 14 day pumps by specific interest groups that entice market excitement and drive investment and once they reach a predetermined threshold, a specific return, we see a very strong pull back over a 3 to 4 day period.
There is no doubt in my mind this is happening often and is a little more subtle than the aggressive 3 hour pump and dump groups we have seen actively involved since March 2017.
We have seen this occur within Ripple, BitShares and Digibyte in particular which takes nothing away from these coins and in fact indicates that due to community support and direction that these were a prime target.
New money and pump groups of varying degrees are worth identifying to best ensure you invest at the right time.
Be mindful of this behaviour and I feel that a long term strategy is best.
Buy and stack on the dips.
It is not a hard concept to grasp and when kept simple, this allows anyone to get involved.
Follow Sebastian – @sebastianjago
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