Day: August 4, 2018

‘Crypto Mania’ a Risk to Stable 2018 Outlook

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Bitcoin (BTC) and “unsteady cryptocurrency mania” are the one of six factors that threaten Goldman Sachs 2018 market outlook, according to a July 2018 report by the Goldman Sachs Investment Strategy Group. The report entitled “(Un)Steady as She Goes,” highlights “cryptocurrency mania” as one of several factors that could affect their initial market outlook for this year.  Other factors listed included terrorism, the rise of populism, rising geopolitical tensions, and an increasing threat of cyberattacks. The investment bank expects cryptocurrency markets to “further [decline] in the future given our view…

XRP Technical Analysis Weekend Recap

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If we may ask a legitimate question, what is draining crypto valuation and XRP in particular? With every new low, there is saturation of theories—flimsy and authoritative. No matter the explanation, it doesn’t really matter because at the end of the day, prices are down and your investment in XRP is taking a rather painful hit. Today we summarize why, despite all the down turns, there are valid and encouraging reasons to stay put and wait for the next big XRP bullish run: First, let’s talk about the welcoming Malta.…