We are entering a new crypto period
Now it became clear that the golden period of the crypto-hype passed. Why can we be sure? Imagine that people who have multiplied their holdings by tens or hundreds will become richer ten times more. Then it would be a complete madness.
But the truth is that the smartest money is already out of the market. One rich guy said that he sold all his bitcoins at $2000 several months ago when he was 10x. This is the perfect example of smart behavior.
So now the market full of bag-holders and speculators. Almost all projects have no real applications. About a month ago I said that some of them seem to me more useful, but it's an extrapolation into the future. Now, their value is overestimated.
Obviously, we are entering a new period-the trading period. I'd like to wish good luck to all crypto investors out there. This will be a very entertaining time for you.
People talking too much about the scaling problem. For me, it's not a problem at all because we have some real issues now:
- One of the biggest exchanges is closed by the government
- SEC started an open war against unregulated crypto sphere
- Market is overbought by weak amateur investors
I think the fork has an insignificant effect on the market. The biggest problem, that Bitcoin already hit the mainstream.
So all people who wanted to participate already did it. To grow the market need fresh blood. Еhe only option is institutional investors but this is a completely different story...
Welcome to the J U N G L E!
Jungle of crypto speculations. Come to exchange and we will fight for the money. Like in wild nature.
P.S.
I have some crypto bags. There is a small chance that market will go 10x more, people could be insane! But I'm not afraid to lose this amount.
It waves.. last month is the best to take profit. next year the big wave will come again
Is Trump the King of the human jungles as we compete with Soros, Rothschild using social networks in live time and everything? Can we all be Trump and Sparta and V For Vendetta? I love the animals. I love the lions, the cats. Upvoted. Resteemed. Thanks.
they are king of jungle we are the goat.
People are excited that crypto's hit mainstream, but I'm not.
Anyone can speculate on this as no one knows for sure. Those who exited bitcoin at $100 were considered to be smart by someone too. And what do we have now?
So what if the government closed one exchange, P2P exchanges will start to grow bigger and stronger.
Amateur investors will learn from their mistakes and become educated and experienced.
And i do not agree at all that Bitcoin hit mainstream. I will agree to this when my mom will call me and will tell that she bought bitcoin. Then i will know that market hit mainstream :) As for the value and alt-coins, yes, some are overvalued or with no value at all. But when making a buy decision be it crypto be it weed or be it mcdonalds one should know the risks and evaluate for himself. Free market has it's benefits and it has it's toll. The most important discovery here is technology of block-chain. The rest is speculation, at least for now.
Personally, I wait for a significant pull back. About DEX'es - people always forget about liquidity. Just take a look at volume history of bitCNY. How can I keep big money in this tokens? Sometimes there is just no trading volume! I vote for the next iteration in the crypto world with a better tech. I think it's only possible after a huge pullback.
Ofc, because people a greedy, and when they are greedy they are blind. There are a few tokens with technology and working products that you can invest into if you like. Since life is always in cycles there will be some pullback. But i believe it will be compensated by those who are just entering the playground. And capitalization even it seems huge in nothing when compared with other economies inflated by central banks etc. If you are saying that tokens with no underlying technology are inflated, then what is dollar? What is Euro? Or any fiat currency for that matter? That's where the real bubble is. But ofc, it is all about personal choices. And none of us, neither you, nor me, can know for sure. Would be nice to know, though, wouldn't it :)
That's why this is the Trading period. Nobody knows anything, but thx god at least we can trade!
Yup, nobody is forcing those people to make stupi decissions. And we can also fall into the same trap :) Who knows :)