Theres some support at 10, 000 and again at 8, 000, but if they dont hold…
i’m eyeing 6,000, just saying
Here is week three update, we now have $300 invested in each of these cryptos and here is where we stand as this market continues to pull back
Bitcoin $ -61.36
Ethereum +12.03
Litecoin -67.26
total $ -116.59
Relieved to see you’ve only risked a relatively small amount on crypyo’s 
Dollar cost averaging on these pullbacks, that is sound long-term investing
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Green day for the Cryptos. What I want to see now is a rally over several days, followed by a pullback and test of the lows, if they hold and we rally past the previous rally then this mini bear market might be over
Current prices, bitcoin holding onto 11000 for now
Bitcoin (BTC/USD) yesterday was below the July trend line but somehow managed to close above the line for two days in a row, if it failed to do so then price 9224 would come into focus. A break below there could be significant, likely bringing in another wave of selling. Hold here, and rally will bring the 13k area of resistance back into play and will need to be overcome if higher prices are to follow.
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I see Arsenal have become the first Premier League team to sign a sponsorship deal with a cryptocurrency provider, CashBet
The Cryptos had a rather calm week and Ethereum posted a nice gain bringing our Buy Weekly Strategy to near break even, we are now at $400 for each crypto and here is our total profit/loss
Bitcoin $ -60.82
Ethereum +78.14
Litecoin -63.76
Total -46.44
last week -116.59
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Looks like Crypto owners need to keep it to themselves
Keeping a wealth of crypto on your phone and bragging to the world how rich you are is asking for trouble, this is one reason why many of us in the US keep a loaded gun in our home, anyway, lesson to others to take action to protect yourself, and put your Crypto on a thumb drive wallet and lock it in a bank safety deposit box
@ria_rose
You seem very interested in crypto currencies, have you invested yet or are you still considering your options
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Thanks for including me here, @eddieb! 
Actually, I’ve invested in BTC already. But I’m holding it for now. I plan to buy more BTC and use that to trade. I’m still choosing between ETH and XRP at the moment. ('Cause I plan to focus my investment on 1 alt for now) 
What do you think?
Personally I think the whole cryptocurrency scene is in such turmoil that I would rather sit on my hands until things settle
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Yeah. That makes sense. I mean, right now, it’s practically a gamble.
Thanks for sharing that, @eddieb! I guess it’s best to wait for new happenings and wait as to where the odds will turn.
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Bitcoin unable to shrug off negative sentiment
Bitcoin was unable to build on its small gains from yesterday and at $9380, it is now closer to $9000 than the $10000 mark. Sentiment towards cryptocurrencies is turning sour with negative headlines pouring out from left, right and centre. Concerns that Facebook is banning ads and major crypto exchanges shutting down has really silenced the hype and some people are probably having second thoughts about investing their hard earned cash into digital currencies. With prices falling, would-be buyers are probably waiting on the side-lines until the downtrend is over, while existing buyers may be withdrawing to avoid giving back any remaining profit they may have accumulated. But all that could change very quickly once there’s clear evidence prices have bottomed out, as I am sure there are still a lot of people wanting to get on board when the time is right. For now though Bitcoin and other cryptos remain out of favour. It would be interesting to see if the rising government bond yields would weigh on noninterest-bearing assets like gold and Bitcoin. These buck-denominated assets could come under further pressure in the event the US dollar makes a comeback on the back of Friday’s jobs report. So, things are not looking great for Bitcoin right now, but that could all change suddenly due to the possibility of pent up demand.
But the manner in which Bitcoin prices have been going down suggests they are in distribution phase, which is probably not something that crypto bulls would want to hear. There is thus the danger we could see a sharper decline in the coming days before Bitcoin potentially bounces back. That being said we are continuing to monitor price action closely and watch for signs of a reversal. Specifically, we are keeping a close eye on recent highs, as when a prior high is breached, this could signal the end of a downtrend. As things stand, Bitcoin’s most recent high comes in at $11990 and this is now the bull/bear line. On the downside, some of the potential bearish objectives are as follows: 9220 – the most recent low; 8180-8310 range – this is where an old resistance level meets the 127.2% Fibonacci extension level of the most recent price swing; 7775/80 – the 200-day moving average and finally 6550-6855 range – old resistance and 161.8% Fibonacci extension level of the most recent price swing converge here.
Source: TradingView and FOREX.com
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Here’s an extended excerpt from Ian King’s article How to Beat the Crypto Scammers,
published February 1 in The Sovereign Investor Daily (a Banyan Hill publication) –
quote —
Cracking Down on Crypto Scams
It’s the 800-pound crypto gorilla in the room: crypto scams exist.
That’s the main reason Facebook just banned all crypto ads, including ones that promote bitcoin and ICOs. Truth be told, if you have to advertise your new crypto investment offering on social media, it’s probably not worth buying anyways. But I digress.
South Korea also cracked down on crypto scams recently, and the country has uncovered $600 million in crypto-related crime. Some crypto skeptics were worried South Korea would shut down trading on exchanges, but it only introduced new regulations.
And in December, the U.S. Commodity Futures Trading Commission sent subpoenas to crypto exchanges Bitfinex and Tether, the latter being a controversial project that claims to peg a cryptocurrency to the U.S. dollar.
Notably, the two projects share the same chief executive officer.
BitConnect also raised concerns. A second lawsuit was just filed against the cryptocurrency exchange after it shut down. The suits claim it’s a Ponzi scheme. Now a temporary restraining order on its assets has been granted to help plaintiffs recover their funds.
After this onslaught of news, bitcoin prices understandably retreated 12% on Thursday, falling below $9,000 for the first time since November.
But, as it always happens, it will bounce back. For those who buy during these dips, who have a plan and don’t let the scams shake your outlook of the crypto market … you’re well-positioned to profit while others miss out.
So What Exactly Is a Crypto Scam?
It’s easy to say: “Be wary of scams.” But what exactly do you look for?
Well, I can give you an example of one crypto asset that’s raising some red flags.
As I mentioned before, Tether is a “stablecoin” — a cryptocurrency intended to represent the U.S. dollar. It allows crypto traders to move in and out of virtual currency without having to cash out of the exchange and into a bank account.
For instance, an investor who owns bitcoin on the Bitfinex exchange and wants to get out can trade it for tethers. Sounds great, right?
Many people agree. Currently, there are 2.2 billion tethers in circulation.
Each tether represents $1, so there should be a reserve of $2.2 billion in a bank somewhere should holders wish to redeem their tethers for dollars.
Here’s where things get dicey…
For the past few months, there have been growing concerns that the group behind Tether has been printing the virtual currency without keeping an equivalent reserve in a bank account.
According to Tether’s website, the last audit was on September 15, and it showed a reserve of $443 million versus 420 million tether tokens.
However, we know the amount of tethers on crypto exchanges has ballooned to 2.2 billion since then. There’s a lot to be accounted for here.
What’s more concerning is the accounting firm that conducted that audit recently. It just cut ties with Tether. (This is never a good sign. It indicates the firm could have uncovered something it doesn’t like.)
If tether isn’t pegged to a matching number of dollars, the company would be able to print ceaseless amounts of tokens, making them become essentially worthless.
We’ll continue to hear more about tether as the Commodity Futures Trading Commission investigates it. But this is one crypto asset to be wary of.
Watch Out for Crypto Scammers
Ultimately, it comes down to doing your research and relying on trusted sources, exchanges and experts.
For example, Coinbase, Kraken, Bittrex and Cryptopia are somewhat trusted exchanges.
Be cautious when considering involving yourself with an ICO. These are where the “pump and dump” schemes can happen. Of course, there are promising ICOs out there, but to find them, you have to keep your ear to the ground. I’ll continue to keep you updated on them here.
— unquote
Here’s a link to the article – https://banyanhill.com/avoid-crypto-scams/
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Wot ? You mean like the Fed and BoE etc etc routinely do ?