Sunset Bullevard 🌅 🐂

Market Report: 23rd April 2019 — Subscribe to our newsletter.👈

OUR TWO SATOSHIS

The daily view from our desk

JUST OUR IMAGINATION

ALTS ARE PUMPING BUT FEW DO SO CONSISTENTLY

Do you feel like you keep missing out on the biggest daily gainers? Don’t. Those who climb fast fully retrace afterwards and the only thing that has mattered so far in 2019 is consistent growth. Note the market has jumped 48% year-to-date, but that was on top of bitcoin’s 50% rise. So, if you want to play the alts game, go to OCFX, study the 77 cryptoassets who beat the king so far, and place your bets while keeping an eye out for BTC.

SUNSET BULLEVARD

BTC IS PUMPING BUT THE NEXT LEG IS UNCERTAIN

This was a small move, but the relationship also holds in more explosive times — hence the need for care in case bitcoin bulls decide to attempt breaking the mythical $6k (£4.6k) level. That’s unlikely to happen so soon though, as BTC still has to prove its worth at the current level — which is the same where it stopped last November after it started its journey to the bottom. But, even if it happens, note this plausible maximum pain scenario observed by Alex Krüger.

WHAT YOU CAN’T MISS TODAY

DON’T LEAVE FOR THE WEEKEND WHAT YOU SHOULD READ TODAY

▪ Willy Woo surveyed “notable influencers, analysts and traders for their probability that the bottom is”. The average probability is 71%. Great comments here.

▪ It’s possible that over Easter you heard that Amazon was accepting Bitcoin payments. That’s not the case, as Ace explains, but there’s indeed a new browser extension that facilitates the exchange process. But it’s much-touted lightning network integration is still pending approval from the Chrome Web Store.

▪ We favour not covering the myriad of blockchain-related news that comes up, as they are mostly noise, but Forbes’ new Blockchain 50 list is a great summary.

▪ As Ethereum prepares its transition to a proof-of-stake sybil control mechanism, Vitalik Buterin confirmed it will have a more attractive reward structure.

▪ “Beating the Market” is WGMG’s latest podcast episode. Meltem Demirors and Jill Carlson’s go through all the key cryptoasset performance metrics you need.

QUOTE OF THE DAY

“THINK OF THE GREAT THINGS (VITALIK) MIGHT HAVE ACCOMPLISHED!”

- By Vitalik Buterin

LBX, The London Block Exchange

Written by

Learn more about the world of #cryptocurrency and start buying, trading and spending at the London Block Exchange. Capitalise on your curiosity.