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RE: Why Bitcoin Could Fall Lower From Here
@parzych, your last comment makes me want to remind you (and myself) that the market is not a zero sum game. The entire crypto market is growing like crazy to occupy its "rightful" place in a huge TAM. While there are and will be huge bubbles along the way it is obvious to me that there is a paradigm shift going on as the internet of value emerges.
Regards,
Rick
Thanks for that. You're point was a very good one.
What blows me away is when I tell friends and family about crypto they are all skeptic/reluctant. By the time they finally hop on board, I don't want to say it'll be too late, because it's not, but it will be their returns won't be what our are.
I watch this stuff every day in hopes of hitting 1 trillion in total crypto market cap. Why? Because it's a milestone I guess.
Let's not forget about Coinbase adding Ripple, Dash, and Stratis to their platform on Jan 8th. A Youtube said that "Coinbase is gaining 100k people a day (which must be why they suck so bad- aka bogged down)." I suspect 1 trillion will be sooner than later. But as for where Bitcoin stands when the market cap does hit it? No clue.
Thanks for getting me thinking, Rick.
Hi @parzych... do you have a source on the new Coinbase additions for Jan 8?
A few Youtubers have mentioned it. So upon digging deeper I found this: https://cryptosumer.com/2017/12/26/another-coinbase-gdax-leak-more-coins-added-january-8-or-sooner/
Not sure how reputable the site is, but it's my source.
Thank you sir... it looks possibly legit enough to take a very small position in Dash and Strat for a week or so... no harm no foul if nothing comes of it.
@parzych, you're welcome. Since you're a steemit noob like me, I'll ask for your upvote on my original reply. Money is the sincerest form of flattery (or appreciation), ;-)
Thanks back at you for the info about coinbase adding more cryptos soon. I've been looking for a way to open a position in Iota as a spec play. The concept seems similar to torrenting, as in the more users the faster things go. I'm not in a hurry to throw my money at other exchanges that also seem to have support issues. So maybe I'll just try patience for a change and see what happens.
Regards,
Rick
@parzych, so Coinbase/GDAX has still not added any new cryptos, as of yet. Anything new on that front? I will accept gossip and unfounded rumors. Getting bored watching only BTC, ETH, LTC, and now BCH. These days the stock market is more fun. (Watch that remark trigger a bear market in the SP500 tomorrow. Solipsism can be scary.
Regards,
Rick