Is it true that market cap recuperating itself?

in #bitcoin7 years ago

By looking at the market this week it is obvious that the interest and support are there and nearly all the users and investors are getting use to hearing bad news from different governments and CEOs.

But I believe that this progress is a conservative one and we are still far off from a few months ago where we could have seen baseline prices for major coins at least once a month.

On the other hand this upward moment which we are evidence of, is a good sign and shows that people are interested and want to participate more.

However, as it can be considered normal, there is a possibility that around and/or during the weekend the numbers of sales increases, but as long as the prices are moving within a normal range (in a range that they could recuperate themselves) this is a positive sign.

This type of behavior shows a positive support for the week to come which could lead to more profit gains in more coins than this week.

The other thing which I have noticed since fortnight ago is that when the major coins drop, the other coins do not drop over 20 or 25% and their drops in some cases gets to 10 to 12%.

This shows a positive reaction from investors’ part which at the same time makes the market healthier and offers more possibilities to new or existing investors.

About a few days ago I was reading an article about the creation of small groups in some countries which they are called Mini-Investors which I believe not only refers to their financial limitations but also they invest mostly in coins below $5 or $10.
Well, having read that, I consider myself the same and I believe is a wise decision.

There is no doubt that our major objective in participating in this sort of business is to earn profit but the mentality behind it, is so different.

In my case, I am interested in passive income, therefore, I believe I should build the base line for this purpose and then move to the next stage to increase and continue with it.

It is much easier said than done, but I believe one has to be realistic with hers or his objective right from the beginning and learn from our mistakes and modify what is necessary and continue with our plan.

Unfortunately, there are some investors which their principal plan is to move fast and invest and to take out their investment with profit as soon as possible which could alter the price of the coin and maybe place the price so low that is nearly impossible to recuperate. This has happened to Golem a few months back when it got to 0.50 cent from 0.20 cent and then it went down so much that it is hard to go back to that price again in a short period.

But one way or another the market is progressing and investors know how to take advantage and overall we can look forward to a promising future.

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