Where are we with Crypto Market??
Yes the market cap has gone down. But another important point to look at is volume of trading. Volume traded has gone down that means that decrease in crypto asset prices is associated with attitude of indifference. That means that large holders of crypto assets have not parted with their assets. It is only the traders activity.
It is to be interpreted as the downward trend does not have conviction. Hence it is merely a wealth redistribution phase instead of wealth destroying phase.
Great point. I complete agree. Once volume picks up again we'll see a nice run up. Cheers!
Thank u
nice perspective to look at. will debate some more about this with my fellow hodlers
Pls do and comment the summary
When will market will rise @ prameshtyagi
Issue is - all governments have woke up and they are under impression as is crypto is a villain and cause for all leading international criminal activity as if 9/11 did not happen.
All this will take some time to settle down as well as media will get some other stories to cover. So all this may take some time , may be 6-12 months, to play out .
Plus in the mean time crooks in crypto space either will be caught or will be sidelined. That will let emerge the real gems 💎 of this space for every body to see that economic value that it will create or is capable to create.
So have patience and enjoy the fruits 🍇 of yr patience in futures
wao nice explanation
I have been following your posts for sometime now. Yes, true that it is a phase of wealth distribution, but I do feel that this low we are going through now is a much required one, to weed out the ones that don't want to get much of an understanding and also the ones who don't do their research / homework before investing and make this look more like a gamble.
In fact, I actually missed out on an ICO now, Zebi, which I feel will have a better future when it starts hitting the exchanges. I wish we had communities in here in which we could discuss such prospective ICOs here.
I liked your thought process. Soon when communities and SMTs are enabled on steem blockchain -we would be able to do what u intend to do. Stay tuned.