Why I am remaining POSITIVE even in this bear crypto market

As the crypto world continues to spiral downwards, I thought it would be good to make a more optimistic post for everyone. For those of us who may be beginning to wonder if this is the end of the road for cryptocurrencies, allow me to offer a more positive outlook on the current state of things.

The whole market has a bearish sentiment floating around it right now and why? Well, let’s wind our clocks back to the first week of April. The market cap sat at approximately $248bn, a far cry from the $800+bn high we witnessed between December and January.

Then, prices slowly started rising and all of a sudden we had tipped over the $400bn mark. At this point it seemed as though there was a shift in the market and each day brought more signs of an impending Bull Run. And then, just like that we witnessed another dramatic drop, around 70% of the gains made in the previous month were lost over the space of two weeks.

So, what on Earth caused this to happen? Some prominent figures in the space suggest market manipulation, which is the most likely possibility. However, we all need to remember that this is an UNREGULATED and VERY volatile market totally driven by emotion. Therefore, ANYTHING can happen.
BUT, it is always important to find the positives in every situation and, believe it or not, there are two positives we can all take away from the last month;

1. The market IS slowly recovering, even with the bears winning it is still GROWING. At one point in April the market cap was as low as $248bn. It is currently sitting at $314bn at the time of writing. This still represents GROWTH, a rise of $66bn which is a significant amount. We are all hoping for a meteoric rise like the one at the end of last year but that is not the norm and we need to lower our expectations slightly.

2. The market almost DOUBLED in the space of JUST ONE MONTH. From 6th April to the 6th May the market cap went from a low of $248bn to a recent high of $469bn. In just one month the market grew by $221bn! It almost DOUBLED! As i said earlier, this is a volatile market and anything can happen. So, even though the prices have dropped suddenly, we have just witnessed an even more dramatic rise and we need to remember that it can always easily happen again.

There are also other key facts we must tell ourselves to be positive about;

1. The news is rife with reports of well established companies and huge financial institutions all seriously looking into blockchain technology as either a means to improve their business or as an investment. What does this tell you? The big players know that this is where the money is at.

2. Many projects are beginning to prove their concepts and deliver on their promise. There are so many releases scheduled for the coming 6 months. Last year the hype was based on speculation without any real proven product. So, what do you think will happen when these projects prove their concepts successfully? I’d expect the prices of successful launches to shoot up to above their all-time highs.

Whatever may be happening in the background, the fact of the matter is we are sitting on a volcano waiting to erupt. Stay strong and hold firmly on to your investments would be my advice to anyone already invested. Remember, you make no losses until you actually sell an asset.

I just cannot envisage a future where cryptocurrencies will not have a much more significant role in our system than it already does. That is why I remain extremely bullish.

$1trillion market cap... Here we come!!!