Total market capitalization 712 billion. Are we closing in on the maximum market cap for cryptoz?
Many have already had some good gains, and since we are witnessing people drawing their capital out of the market, one could wonder if these guys are thinking it's all over. There is nothing more to gain from being in cryptoz. Well, if they really sat down and thought about it, I don't think they would think so. So why are they pulling their capital out of the market?
This is just the lack of understaning of the basics. In the market and in the tech.
That little first spike one can see in marketcap in May 2017. Where we are now is going to look like that one, looking at the chart within 1 year from now.
Strap on the seatbelts, this is going to be a hell of a ride. :)
Good post. As long as there is flooding money into the crypto space, the bull market should continue. Also, most of the capital remains in cryptos and are not converted back to fiat.
USDT then maybe? $2 856 100 000 volume 24 hours so can't put it all there.
I spoke with a cryptnewbie the other day, he was happy with the gains since December, but saw that it didn't continue, so he sold out to fiat for the moment. Ha was in Ripple. When these guys are selling of the high mcap coins, the effect would probably be that whales see the high mcap coins drop, getting out of smaller projects. Because I think I can see that the drop/ correction comes to the high to medieum mcap coins first, then small cap later.
90% of the people go where the others go. As soon as another bull trend starts, people panic buy back their positions. Greed and emotion-based decisions won't just go away because of a few bad days. :):)
Plus of course, another few millions of people wait to buy some. The demand is huge.
True dat. In investing and in politics.