[13 June 2017] Bloodbath in the Cyptocurrency and Altcoin Universe

Today's (13 June 2017) topic is on the bloodbath in the cryptocurrency universe and what's the next big thing to look out for.

Bitcoin and altcoins across board have taken another serious dive, the 4th day in a row as the Chinese sell-off sent prices plunging down this morning. 10 billion dollars is being withdrawn from the market and uncannily enough this ties in with what Charlie Lee said on twitter 2 days ago about leaving Coinbase to dedicate his time advancing Litecoin, unlocking it’s full potential.

BTC took a beating down from it’s high of 3,019 to 2,131 at the time of this recording. The market is generally pretty quiet now but what’s going to happen next?

This is my speculation based on chatter from the various altcoin groups I’m in. The 10 billion dollars is going to go somewhere. We don’t know where for sure, but I’m guessing it’s going to be Litecoin. Litecoin is 28.72 now, but I think we are going to see are surge over the next few days.

And in other news, if you’re looking for shelter from the bloodbath, try looking towards MaidSafe Coin. It’s been fairly stable overtime and that’s where I’ve parked my money. I bought it at a low of 40something cents and expect it to go up to 50 cents. It’s not a big jump, but it’s safe.​