Cryptocurrency Market Analysis [October 28 Issue]
As you might already know
I think Bitcoin
soared on September 26 following the government's statement on September 25 that
“blockchain could become the core of the industry.”
Bitcoin surged drastically on the 26th.
Bitcoin 4-hour chart
In the early part of the 800,000 yen range
Bitcoin, which was
had temporarily reached 1.1 million yen,
is currently in the low 1,000,000 yen range
and stabilizing.
The 1,000,000 yen level tends to attract a lot of attention,
so it is currently moving above that line
and, personally,
I feel relieved, but it remains to be seen which direction it will move next.
Previously, I bought Bitcoin at
1,000,000 and 840,000 yen,
and I didn’t expect that
at this timing it would jump past 1,000,000 yen all at once,
so I was surprised.
In the overall cryptocurrency market,
Bitcoin’s rise briefly exceeded 35% and acted as a leader, and
Bitcoin Cash rose to a certain extent compared with other currencies.
I regularly buy Bitcoin when it dips,
but I don’t sell in the short term.
My style is to hold for mid-to-long term.
Profit-taking targets include 2,000,000, 3,000,000,
and 4,000,000 yen, among others.
Bitcoin is now worth around 14 trillion yen,
so a 35% surge in price suggests that other currencies could have room to rise more.
However, the flip side is that for coins with low trading volume, the price can drop sharply,
and with coins I’m watching like Algorand,
which I buy regularly, the declines have been larger than expected,
which is mentally painful.
Thanks to the recent Chinese government announcement,
the project I invest in, Ontology, rose by as much as 40%.
AndNEO also rose.
(I do not hold NEO.)
My view on the Bitcoin rise and my take on it are summarized in the following article.
https://bitcoin-newstart.com/bitcoin100-1026
【Horos (Horos)'s IEO details.
】
Since last week, I have been sharing
news about Horos in the crypto market.
The deadline for Horos is October 30.
For those considering investing in Horos,
I have answered questions as follows:
... (omitted)
As I mentioned in my answer,
in Binance’s recent IEO,
Band Protocol rose about 2x after listing,
but then its price fell sharply.
＊Other Binance IEOs
have for example continued to maintain prices above IEO levels by more than three times.
There are also cases where prices remain above IEO levels.
Recent Binance IEOs
have not seen gains as high as tenfold as before
though,
with IEOs,
what is important is that companies employ mechanisms to maintain price,
and I sense this trend recently.
Time Innovation has Japanese people primarily involved in management,
so I think it would be good for Horos to release properly,
but there is no guarantee in investing, so I invest with spare funds.
Horos application process
＊Direct purchase through Time Innovation
Horos features
https://bitcoin-newstart.com/horos
Application site
https://bitcoin-newstart.com/horos-presale
【Angellium Wallet
dividends status】
In operation since July 3,
here is the status of Angellium Wallet.
From the 26th, we migrated to
Heaven 2.0.
(Phase 2)
Below is the ANX amount in Heaven (locked).ANX
→
70,000 yen (initially)→ 170,000 yen (second phase)
→ 220,000 yen (October 7)
→ 260,000 yen (October 15)
→ 260,000 yen (October 21)
→ 280,000 yen (October 28)
On the exchange (beta) for dividends
Status of dividends
＊The ANX here was purchased by me with funds. (Not locked)
＊Total ANX holdings are 146,000 ANX (the on-screen 146,000 ANX is not accurate; it’s 86967 ANX) due to bids, etc.
October 28 →
ANX 23 million yen, other currencies (dividends) → 40,000 yen
＝ 270,000 yen
ANX price has slightly decreased since last week, and
dividends have been bringing in about 7,000 yen per week.
At this stage, I’m considering using cryptocurrency-based
dividends for funds,
or also trading ANX more actively in the future.
Buying on the current exchange (beta) is one option as well.
Regarding Telegram, news is circulating that Angellium has opened a Chinese office in Shenzhen.
(No official announcement yet.)
The influx of Angellium from China may impact ANX prices on exchanges.
Please note.
About Angellium There were questions about the referral program,
so I added detailed explanations with concrete amounts in the article.
https://bitcoin-newstart.com/angelic-ico
The official wallet is here
.
＊For those considering operation,
invest with funds you can afford to risk.
Please proceed carefully.
