ETH going to $50, BTC going to $1200, LTC going to $15, and STEEM back to $0.30
Paranoia has grabbed the market at this point. In a market with few fundamentals to measure and analyze, it is easy for human psychology to cause extreme volatility. The current negative cycle with emotional selling won't stop until we retrace back to last point of sustained price stability. Short-form: the price run-up in the May/June crypto bubble is going to be given up in its entirety. We will be going back to March 2017 prices before we get to August 1, 2017.
This is good news if you have money on the sidelines waiting for an entry point.
You are going to get a second chance due to the Aug 1 SEGWIT concerns, and due to psychology causing volatility.
How often do you get a second chance in life?
When the market stabilizes at a point that will be approximately 50% lower than todays prices, are you ready to take advantage of the best second chance you are likely to ever get, for entry into crypto-currency markets?
from the odysseyonline.com
The one thing I know for sure is that nobody knows. It is a binary decision: If you believe in blockchain technology: Increase exposure. If not: Buy something else.
Thanks for reading and comment
Blockchain and current cryptos are two different investment thesis. Blockchain could end up as one of the most important inventions in human history, and that is completely different from potential outcomes for current cryptocurrencies
STEEM On!
As Nassim Taleb would say: an asymmetric bet.
Have a look at my Post about this:
https://steemit.com/steemit/@miketr/the-big-crash-is-comming-countdown-with-all-dates-you-must-know
This is fundamentally illogical from a trading standpoint. Anything you "believe in" can be temporarily over or under priced. You don't buy a stock only because "you believe in the company" and sell it "because you don't".
If you did, nobody would own AOL/Time Warner. Or Charter. Or Comcast. Teehee.
This is one of the few sane posts on cryptocurrencies that I've seen. My money is on the sidelines. I sold my 4.25 Ethereum. If it drops to $50 I'll be able to buy 20.
Thanks for reading and comments.
When tulip mania takes a market up by 10X in 60 days, as happened in May/June for crytpos; expect it to come back down.
There is long-term value in cryptos in my opinion, so I plan to use money on sidelines to buy in early August.
STEEM On!!
Agreed! Sit tight and wait for a good opportunity once the market has cooled.
i can just hope it gets better too much downfall already
Great post! This is one of the posts that I've seen.
Who really studies the cryptos understands their real value and knows that at this point we should buy even more.
The people thinks of very short deadlines, and this is great for those who want to invest thinking in the long run. The asymmetry is very favorable for us.
Thanks for share this content. Upvoted.
My prediction:
ETH going to $80, BTC going to $900, LTC going up to $20, and STEEM back to $0.50 at 01.08.17
I'd love to have an extra $10,000 right now!!!
I look forward to hearing your call on when the turning point comes. When would you buy in with, say, $100K?
You are the one who spreading fear in to the market like a B**** , STFO and chill
Totally agree. Cannot see a tangible reason for any upward trend before August. The second chance sentiment is a good one.