What an Epic Bull run we are in.
It’s my birthday today. And what a present to wake up to this morning. Almost all my investments are up.
Yesterday was Kingsday in the Netherlands, Bianca and I went out with friends for drinks.
What’s going on.
What normally happens is Bitcoin goes up and money from alt coins flows into Bitcoin causing a small bloodbath in the altcoin market.
If Bitcoin goes down that money usually flows back into altcoins.
But what’s happening now is insane.
Bitcoin is steadily walking up that green graph and pulling the altcoins I invest in with him.
And when that happens it feels like double profits because most altcoins are priced in Bitcoin.
Just look at this:
I have invested these coins/projects and Bitcoin is up too!
I’m trying to find reasons why this is happening and I do have trouble finding them.
Is everyone sitting on their hands not willing to sell creating a shortage in the market? People like me that buy and hold.
Is it a small bubble?
Are there all the sudden massive amounts of new fiat flowing into the market because finally, people realize how undervalued this market is?
Whatever it is I'm very happy I'm already on board. It's been a good decision I took, years ago, even though nobody around me believed me. (And sadly most still don't).
I'm fully expecting a crash to lower levels at some point (it has happened many times before) but it's almost impossible to time these things.
Until then I'm just going to enjoy this ride and see where it goes.
It's an awesome birthday present.
Follow Me @exyle
The big banks are pouring money into ETH, ETC and Ripple (although will be slow to climb and struggle to realise value due to liquidity and volume of coins available). Ripple also confirmed a few major contracts yesterday hence its big pump today and I would expect maybe a few more pumps are due as some of this money enters the market on different days. ETH and ETC are no different however a little surprised at the ETC run as no real developments have occurred apart from being an Ethereum fork and has better tech. Riding on the name maybe? I suspect a big drive forward over the next few months as the stock markets and housing bubbles start to crumble. I feel we are close to that big crash over the next 7 months and all the money will be heading for precious metals and of course cryptos. Be prepared...
I have invested because I believe some of these crypto projects have a possibility to change the way things are done forever. STEEM and ETH being my favorites right now. That I was able to get in this early is a true blessing. The potential is just so enormous. I'm suspecting much more up and downs in the future but after doing this for 4 years I feel like I have finally gotten used to it somewhat. The market cap of crypto is still so small and there is so much money created since 2008. If just a part of that finds it's way. Many will be happy.
I agree. We are at the beginning of a massive tidal wave of wealth transfer into crypto and todays market caps will be dwarfed in 5 years time. Being 'IN' now is going to be lucrative for most if in the right coins and if you stack, lock and hold and are very patient (in my opinion) :) ETH will be a very strong player and will I think chase down Bitcoin in the next 24 months starting by the looks right now. Diversification will be very important as you will get some great winners. We will see some serious dump and pumps too and some will be on a very large scale....especially the dumps as they can materialise in literally minutes.
I suspect it's the tension that's going on over in South Korea and Japan at the moment. People would rather keep some money on a blockchain.
I'm not sure if crypto is seen as a safe haven yet. I would suspect gold and silver to do better but they are not as of yet.
ever see the movie Schindler's List? I'm not suggesting the same thing is going to happen with one exception. Walking around with physical gold, physical silver, or even paper money.. (I'm thinking about the scene where all the assets are seized from people) Sometimes cryptocurrency can be seen like having travellers checks. Although, there are no checks needed to be carried. As long as you stash a private key somewhere, you can walk around with nothing.
By the way, only 0.00001% of the population is smart enough to do this.. but that's a huge bull run for crypto. It would show up.
But if 0.00001% bought gold, or silver, you wouldn't even see it move, considering the amount of investors they already have in both.
crypto will show movement a lot sooner than gold and silver, since the number of investors in gold and silver are way out proportioned.
It has been an insane few months. Imagine when the media gets a hold of it!
When that happens days like today will look child's play :)
Best of wishes!
Thank you very much.
I know its crazy...i'm up late still watching all this in amazment!
It's a lot of fun right.
happy birthday yesterday!
Thank you!
Happy Birthday @exyle.
Thank you @twinner!
happy birthday
Thanks!
Happy Birthday :)
Thank you @baharoba!
Happy birthday, brother! Have a great day and I hope you'll be just as happy as Bitcoin is right now, lol!!!
Hey man! Thank you so much! And I'm always happy regardless of Bitcoin :)