Lowest BTC Volatility by Month? Select Altcoin Pumps & Malta Thoughts
Bitcoin is currently experiencing some it's lowest volatility ever, with October 2018 currently experiencing less than 1% daily volatility for the first time ever since 2012. Let's discuss this in more detail, as well as some altcoins that are currently moving and taking bullish thoughts with a grain of salt.
Thread on BTC volatility:
https://twitter.com/Rptr45/status/1049270261575557120
Bullish thoughts from Ran NeuNer:
https://twitter.com/cryptomanran/status/1048467005865484288
Margin trade crypto to hedge your portfolio (only for advanced investors and traders):
Bitmex - https://www.bitmex.com/register/9taqGR
Buy and Trade altcoins on Binance - https://cryptobobby.com/binance
Secure your Crypto with a Ledger Nano S:
Amazon (faster shipping):
https://cryptobobby.com/ledger-amazon
Ledger (slower shipping, but cheaper): https://cryptobobby.com/ledger
Get a Free Trial of Coinigy (the trading/charting software I use):
https://cryptobobby.com/coinigy
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https://steemit.com/@cryptobobby
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CoinTracking.info - https://cryptobobby.com/cointracking
Bitcoin.tax - https://cryptobobby.com/bitcointax
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** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**
The bitcoin market is slowly becoming more efficient whereas all news is consider in its prices. This has reduced volatility but given the price movements, the liquidity pools have also increased which makes the market less volatile in principal. We see this with the bid/ask spreads which have remained very tight despite historical volatility. However, I would guess that some imbalance will be created soon as the year end approaches and asset managers look to rebalance for reporting purposes. This would bring volatility back into the markets as positions are taken into 2019.
Good informative analyses!
But I wonder how Malta can ever be a "Blockchain Island" if it can't supply decent fast internet.
those will come afterwards, i guess.. high influx of blockchain developers might transfrom Malta become Europe crypto hub.
You have some good crypto posts :)
https://steemit.com/bitcoin/@jimbojones/hiring-bloggers-youtubers-website-owners-and-influencers-join-my-crypto-marketing-company
I wish you'd do an update on the new Coinigy UI. Unfortunately, they have chosen to modify the design for the UI in a manner that hampers rather than enables trading, when used by the 24-7 daily trader. The current UI you see at their site is excellent for trading. You can see the three col. of the order book and market history in a glance, while also waching a good size, high contrast chart, with alerts and indicators. The new design uses tiny fonts, low contrast design, only the price/qty (NO TOTAL) for the order book and you must scroll down, leaving the order book behind to see executed orders in order history. They reduced the chart size and put a nifty color splash for the market trend in the space betweent the chart and order book, space that, imho, should have simply stayed as it was. They could have simply used a more modern color to effect a contemporary look.
You will have three...yes, that is all... lines below the chart and a FAR BIGGER than the CHART market depth graphic representation... that will display the order book price, sell, and quantity. It cannot be scrolled. It was an attempt at a compromise with people who were upset but idk.. I guess they just don't get traders. Who values being able to see only three lines of the order book? Good grief. You are told you can look at the right panel but it's in tiny font now and does not have the total col, kinda like saying 2 cars are for sale for 2000 and leaving out the total of 4000. Fast traders love that /s.
They are solving a problem that did not need solving. In the process, they are alienating long-time users who are now looking for alternatives. The problem is that it makes trading onerous. I tried using it for all day use and OMG... the strain.. and more clicks.. and more reliance on exchanges themselves. OUr discord is looking for developers to take on resurrecting the classic UI, moderning its colors, but keeping it as is, which was and has always been excellent.
The problem they did need to solve was the lag associated with the tools. If they had modified the UI to a contemporary color scheme and tweaked the lag they would have had an amazing product.
It is so very sad to see improvements that degrade what has historically been an amazing service.
Avoid. It's no longer worth the money.
Someone needs to dev a new one using the design of the classic coinigy -- anyone interested?