[Video Blog #79] - Hard Fork Turns Soft? and FUD (cryptocurrencies and cryptoassests)
Please watch my video for my perspective and review.
I am not an expert on the technicalities of this soft and hard fork noise although from what I understand it should all blow over hopefully and nothing really happens on 1st of August.
Every day I see more and more that alludes me to this position however I do feel we are still in the middle of a big bear trend that has not necessarily ceased yet as the major positions who influenced the initial March April insurgence and all those people who did really well are still taking their % of profit.
Below image is just speculation and is a screen shot from a group I am in. This is just opinion and not yet fact. Please show due diligence.
Why do cryptos charts move in sync and always look the same?
These big market movements are not influenced by ETH.
ICOs can affect ETH and the market at certain times (attention and market caps) however even then these new companies will not dump ETH as they will sell over extended periods of time to maximise price potential and average.
The market, at this stage of development, is influenced by Bitcoins price and some emotional factors however the market as a whole is influenced by some major groups or parties that hold 20%-40% or more of the entire market cap itself. They hold large positions in all major cryptos and you can see the ones that they don't care too much for.
They injected it all aggressively in March/April (approx 70 Billion minus normal excitement and energy) and then took it our progressively over the last 45 days (50%) via auto bots and specific trading systems. This is why the charts and certain cryptos all look the same especially on the down. 100% manipulated due to the small size in cap at this stage of the journey.
All by design.
Good news is we are on this wave although volatile and just need to read the play and game. Long game will win as this industry is design to succeed. Fast injection equals an extended bleed period with specific pumps and dumps to hide the retracement, manipulate the young inexperienced investors and encourage new money during the bleed (to maximise profits).
We may see 1 or 2 more such major "market movements" to attract mainstream when they are ready.
~ Sebastian
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Great analysis. I agree, big whales with autobots still control price. Now, I'm imaginig a superior decentralized autobot anyone can invest in and receive their fair share of it's returns. kaBOOM! #upvoted
Great vid, I think they will do to the crypto's what they do to the metals. Start the run up with a position and when the momentum slows they sell and take profits. They will keep doing this until everyone gets sick and tired of the volitility. Thanks for the insight.
I feel that this 'money making' market will survive for some time as the potential is huge and too big an opportunity for the big boys. They can't help themselves and they need the money more than we do really due to teh world wide debt etc. We will see it evolve over the next 10 years however we can maximise our potential if we flow in and out with the market and hold through the storms. That is my goal and I am hopeful that in two years I will be in a very different space and reality.
Always enjoy your crypto videos @sebastianjago
It's Frank!
thirds rule strategy
Hi Frank. New name or new account?
Both!
I eventually will hand over @cassidyandfranks to my niece Cassidy, but we ARE @cryptocrusaders
Thanks for the update, I hope it pulls back again. I was going to buy some bitcoin but this turn around beat me before I could buy. Cheers
You will get more chances and anytime is a good time really when you think where will it be in two years time. What is $50 or $100 now if it is over $10K then. You won't care too much.
I like your vblog very much
I often watch it at breakfast time
We have a common opinion on many topics
Up as usual
Greetings from Poland
I am glad I can join you for breakfast in Poland. Hope you get something from my videos and I will do my best to keep up the content.
Great news my friend!
Upvoted.