1 Week Market Cap Analysis
Below is a nice chart of the current market cap of crypto for the last week. It amazes me that in one week that the amount of money in crypto has gone up over 20%.... If this is just the beginning, then it makes you wonder what the prices will be in one year.
Low = ~$70 Billion
High = ~$90 Billion
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I think that we haven't seen the beginning yet . . . there are still more people out there who don't know what cryptocurrency is than do. There will be dips along the way, but I firmly believe we will be going UP, UP, UP for quite some time.
A year from now though? Phew . . If it's anything like the first 6 months of 2017, hold on to your seats, we're in for a wild ride.
@shawnfishbit Agreed it's time to buy, hold, grow and mine.
I agree this is still the ground floor. Many people like myself for example just thought Bitcoin was the only coin (well the only one worth anything) until I saw some of the other coins growth in the last year, like etherium, dash, and litecoin. Then I finally began to get into cryptocurrency last week and have learned a lot in such a short time, but still have a lot more to learn. Mark Zuckerberg just talked about having universal income for people as more jobs become automated. I think a lot of social media sites are going to follow/adopt Steemit's methodology and have cryptocurrencies for people being active on their site. This can easily turn into a means of basic income for the masses in the years to come. Or if the government does agree to give out basic income in would be in the form of cryptocurrency.
The money flowing in gives me a warm fuzzy feeling about the future.
Its been predicted to go up high
And that makes sense since the people already embrace it and more people wants to join ..
Following
This is only the beginning. The time to buy and hold. I'm certain(as one can be) that given time, as more people discover crypto we will reap the dividends. Look at bitcoin.
Patience
Also, it could be much lower!
Well, that is possible with anything, and I could die tomorrow in car accident. Fear isn't always the best reason for risk aversion.
Thanks! I kind of want to use a longer period chart to game the top here... but really it is mostly a bitcoin chart in terms of when the market might turn on us. I'm still anticipating something like bitcoin 5k+ before the top is reached.
Very Informative!
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