crypto

in #coin6 years ago

My 2 cents ..... everyone needs to come to grips with the notion that the valuation of cryptos is primarily a function of the whims of the marketplace ( greed + fear of missing out) along with the fact that it is pretty much unregulated which opens the door to widespread manipulation, thievery, graft, FUD, etc.....which feeds the negative whims/ sentiments. . All the various analysis techniques that are effective in the stock market ( P&L Statements, BalanceSheets, Elliott Wave, Wyckoff, etc.) are based on the investors acting rationally. All of that is missing in cryptos. The only real basis for investing here is to be able to read and understand a cryptos white paper, and who are the people behind it.......... and you either decide you are going to believe in what they say they are going to develop and that it offers the marketplace a better solution and will happen sooner or later......or you don't. The risk.... cannot be measured at this point. Saying $ 50,000 BTC by year end......or $ 1,483 LTC by April 18 ( aka a Marius) ....is an effort to make you believe something that will make you buy something, buy more. I am way down....About a month ago I realized that I was no longer checking my account every time I turned around.....I like that. Instead of HODL .... I think the meme should be patienec ( patience)

Sort:  

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by mijan from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

Coin Marketplace

STEEM 0.20
TRX 0.17
JST 0.031
BTC 88619.11
ETH 3331.99
USDT 1.00
SBD 2.95