Crypto market 1 year ago - 2017 December 24th

in #bitcoin6 years ago

Market cap : $519B ($146B now)
Bitcoin : $13538 ($4252 now)
Ethereum : $664 ($148 now)
Steem : $3.12 ($0.33 now)
BITCONNECT!!!! : $243 ($0.0 now)

BTC Dominance: 43.7% -> 50.8% now (up from 32% in 2018 January!)

The current Mayer Multiple is 0.69 with a BTC price of $4252 and a 200 day moving average of $6139. The Mayer Multiple has historically been higher 90.91% of the time with an average of 1.5.

If you follow this Diversification Protocol, selling starts from Mayer multiple of 1.6.
Data from mayermultiple.com

"Bitcoin will continue to do what Bitcoin does. Nobody controls it. We are all learning what it does. Adapt to it as it evolves. It will not adapt to you." Quote from Eric Lombrozo.

Screenshot of coinmarketcap.com

coinmarketcapcom2017-12-24-115003.png


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Dear @jomeszaros, thank you for sharing these info, it makes me very much sad to know what happens in this 2018, expecially for Steem, which was very promising and now it is a worth of cents...
Maybe we can be lucky to not hold Bitconnect coins, but could you imagine how many people get ruined after coinmarketcap loose 500% of value?
This is the bad truth of power of fiat coins....:(((

We need to learn the lesson, centralized shitcoins are centralized shitcoins. You chop off the head, it dies. Worth to read : The starfish and the spider, from Ori Brafman and Rod A. Beckstrom

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