Hello Steemians, Crypto Investors, and traders,
The Cryptocoinsnews website reports that BTCC, the operator of China’s oldest bitcoin exchange, has launched a ‘pure crypto-to-crypto exchange’ in BTCC DAX, with Bitcoin/Ethereum Classic (BTC/ETC) as its first trading pair.
https://www.cryptocoinsnews.com/chinese-bitcoin-giant-btcc-launches-global-crypto-exchange-dax-ethereum-classic/
ETC will be the first among several new cryptocurrencies to be listed on BTCC DAX in the near future. The exchange will notable introduce the ETH/BTC trading pair next week on July 3rd.
While there's a bloodbath going on in the crypto world I've noticed that LTC and ETC seem to be stabilizing some. LTC, ETC, and STEEM are my top three more stable choices for those looking to put their money into something stable that is likely to move up in the coming days. Probably still a good idea to wait a few more days since we are in a downtrend and see when the prices have stabilized a bit before buying in big. In situations like these I tend to buy in increments to see where the price action goes before making a big buy. In the meantime you can just earn on STEEM so its great whether the market is up or down :)
Especially with the BTCC news with ETC and AUGUST 1 MIT news for LTC.
Either way its definitely exciting times. We will have to see how this will change the market moving into the future. I personally decided to change out some of my positions and move into some ETC and HOLD most of my LTC for the long term. Let me know what your thoughts are about this news. Please lend your support by Upvoting, Following, and commenting below. Big Thanks!
