Good News Everywhere Yet Prices Crashing. Next Bull Run Will be Epic
It feels like every day there's more great news about cryptocurrencies, yet prices continue to tumble in the context of this bear market.
While this does suck right now, it paves the way for another epic bull run in the coming years. Don't lose sight of that!
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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I think I will agree on the next bull run being a sight to behold. At this point of time I have dropped the worries to some extent (partly to some good news -SEC, USDT, EOS......) about the price because it not a question of if but when.
We all need the bit of reminder from time of time when the chips are down. We are all learning and even the devs coming up with ideas that is surprising other devs.
Also now that you mention about SEC ..............about a week ago I made a long comment on one of your posts and I was hoping if you could give some sort of feedback on it. The post was https://steemit.com/cryptocurrency/@louisthomas/sec-eth-in-the-clear-xrp-and-others-in-possible-danger
I had basically summarized the points as I understood them from the video. I would really-really love it if you could give it a few minutes and tell if I got something wrong in understanding the issue.
If you don't get the time then I would understand - no problems. As always I appreciate your take on the market and will keep an eye out for more from you :-)
Hey! Looked at your previous comment, I think you nailed it. Unfortunately it does look like there's a very strong chance of the SEC recognising XRP as a security. I really appreciate the thoughtful comments that you've been leaving on my posts! :)
Thanks for the feedback. I havn't really done much research into the topic and your video seemed like a good starting point. You explained everything in the video in a pretty straight forward manner but I thought it'd be great to get a second look as well.
Thanks for taking the time man!
Bear market is incredibly hard to stay in. Forget the fundamentals or any good news. If it goes down, it feels like it never ends. That’s why it’s called bear market. I can assure you every single investor who bought crypto for quick return is now selling for loss. I’m afraid this gets much scarier than it is now. To most long therm investors today’s price doesn’t matter. If bitcoin went tomorrow back to $20k I wouldn’t sell anyway, so what is the difference if bitcoin is now at 3,4,5,6k if we won’t sell anyway. I would think of it as an advantage. We can add to our portfolio for great discounted price. As I mentioned, I’m still expecting some kind of flash crash to get rid of weak hands. I still have not seen it.
You took the words out of my mouth. Your and my view on crypto is much more long term than today, tomorrow or even next year. Crypto is going to be enormous beyond comprehension now, if you dont believe that selling makes sense, if you do, buying does.
Im making my monthly purchases, twice monthly, nothing huge but what I can afford, and I will keep doing so, maybe forever, but definitely while the crypto market is less than 1 trillion. Maybe that's when I will stop. TBD.
My predictions are close to yours. I think that the price can easily reach $20k by the next January - February.. And we can easily touch more than $50k in 20 months from now, probably a little bit more than that.
But yeah, i am still very optimistic about how the price is going to be developing during the next months.
This is actually the truth, the price might coming down now, but in couple years, happiness will surely take over investors faces. I can say categorically that the growth crypto had in last two years wasn't as expected so I believe it has to do with the price falling gradually, what I know is that hope is not lost since a lot of investor will surely be coming on board to more crypto to buy and need to wait patiently for the price to boom in no time.
This seems like a common theme... There are some great headlines that in the past would have helped the market rise but in the current market it doesn't matter how good the news is... The market continues on it's down trend. But I agree that this won't last forever and all of these promising headlines will help that bull run when it comes!
Even though I tell myself (and I believe it to be true) the market will go back up and test ATH again, the current state of the market is not good for my mental health! haha
Great stuff! Up vote and a follow from me! :)
Logical thoughts but I think before a big boom market will go down around 5800$.
Hope you didnt hit anyone in the ass when you are randomly throwing darts around.
You know they can train monkeys to do that, right???
@davebrewer
He is obviously off by 3 points , its supposed to go down to 5803 and then bounce back !!
@davebrewer 5800$. Wanna say something 😘
Yes I find it interesting that the good news lately in the crypto space has not had an effect on prices but then perhaps it is a good time to buy.
2014 was full of good news for Bitcoin and crashing markets. Yet it still took 2 years for the bull market to get going again.
No matter what will happen to the cryptocurrency in present but i know it will emerge like a new revolution in money market very soon ..
Thanks for providing such a support and confidence to the steemians about crypto..
While it is counter-intuitive to think so, I actually think the current Bear Market will be good for crypto in the long run. This is because people will lose interest and the developers will be free to refine and deploy the technology to enable mass adoption. We will then move from a market driven by news and "jam tomorrow" speculation to one where the metrics for success will reflect the profitability and adoption of the project. We wil then have real use cases generating real profits for investors.