We are most certainly in a cryptocurrency bubble ... just like nearly every game-changing technology goes through and just like the dot-com's in the 90's. The real question is ... what if we are NOT in a bubble?
Do you think you should judiciously pick your cryptocurrency investments and ride the roller coaster ... or wait for the shake-out and accept lower returns?
Great post. I 100% agree. I have been telling people it's a HUGE crypto bubble again just like 2013. Prices will crash and settle down before starting the next wave of bubble.
Really? LoL, ok, maybe ETH is the 2nd generation, IOTA is the 3rd.. really hope that Bitcoin don't take other Big Coins anymore.. But something has to be king, and I thing that is good that BTC rule them all.. because there is no central figure, no miners, no nothing, and that's not true with any other coin..
Something has to give value to all.. and since in ETH Vitalik is king, if ETH goes to top Volume, an if anything that happen to him, it will be caos for all.. unless that the volume change to an equality for the top 10? Maybe by type of Coin, like Security (Monero, Zcash, etc), Platform (ETH, NEO, Lisk, Arc, Tezos, etc), DAG & IOT (IOTA, Byteball, etc), Payment (TenX, Monaco, etc), Media (BAT, AdEx, etc), and maybe some more..
or maybe could be by region, like Asia (NEO, ICON) and rest of the world..
or Capitalist, Communist, and LIbertarianist countries...
Well, this analisis is a little too simplistic and don't take into account that noone has to be in charge, and putting ETH first, there will be a head in there (that is wrong in so many levels, for ETH anyway)..
Bitcoin, is pose to go lower, has not flip yet going back and resuming the uptrend, now is consolidating, to resume, needs to break the recent lows that she did, you can see easily on weekly chart and daily.
You ask why taking the lows, Bitcoin like the other majors Crypto, is manipulated by the banks, and they use the same model, before resuming, they have to take out the the other participants, that follow classic TA.
So who is trying to buy now, put stop loss below previous low, and in most charts there is also a double bottom, two same price lows, another as for TA, where stop loss is a secure place to be.
Now a part this, I think really that 8k is a price where will be lots of interest from the banks, and they will buy, all the people that will pull the plug, from about 12k until 8k, they will buy all from the sellers.
Slaughtering, them, then the price can resume, too many normal people making money is not the Bank model, they will not allow it.
Now Bitcoin seems to dictate the trend also of many other coins....so the market as paused in most coins, or retracing too.....together with Bitcoin.
Notice how ETH instead has a good tone...or BNB for Binance, example, people tend to move to crypto, that are felt more secure....
Thanks for informing us about Bitcoin bubble.
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Great content. Considering posting article of this quality sometime Monday-Friday when it will get more views and engagement in the future.
We are most certainly in a cryptocurrency bubble ... just like nearly every game-changing technology goes through and just like the dot-com's in the 90's. The real question is ... what if we are NOT in a bubble?
Do you think you should judiciously pick your cryptocurrency investments and ride the roller coaster ... or wait for the shake-out and accept lower returns?
Great post. I 100% agree. I have been telling people it's a HUGE crypto bubble again just like 2013. Prices will crash and settle down before starting the next wave of bubble.
This post has received a 14.62 % upvote from @booster thanks to: @heavey.
Really? LoL, ok, maybe ETH is the 2nd generation, IOTA is the 3rd.. really hope that Bitcoin don't take other Big Coins anymore.. But something has to be king, and I thing that is good that BTC rule them all.. because there is no central figure, no miners, no nothing, and that's not true with any other coin..
Something has to give value to all.. and since in ETH Vitalik is king, if ETH goes to top Volume, an if anything that happen to him, it will be caos for all.. unless that the volume change to an equality for the top 10? Maybe by type of Coin, like Security (Monero, Zcash, etc), Platform (ETH, NEO, Lisk, Arc, Tezos, etc), DAG & IOT (IOTA, Byteball, etc), Payment (TenX, Monaco, etc), Media (BAT, AdEx, etc), and maybe some more..
or maybe could be by region, like Asia (NEO, ICON) and rest of the world..
or Capitalist, Communist, and LIbertarianist countries...
Well, this analisis is a little too simplistic and don't take into account that noone has to be in charge, and putting ETH first, there will be a head in there (that is wrong in so many levels, for ETH anyway)..
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STOPBitcoin, is pose to go lower, has not flip yet going back and resuming the uptrend, now is consolidating, to resume, needs to break the recent lows that she did, you can see easily on weekly chart and daily.
You ask why taking the lows, Bitcoin like the other majors Crypto, is manipulated by the banks, and they use the same model, before resuming, they have to take out the the other participants, that follow classic TA.
So who is trying to buy now, put stop loss below previous low, and in most charts there is also a double bottom, two same price lows, another as for TA, where stop loss is a secure place to be.
Now a part this, I think really that 8k is a price where will be lots of interest from the banks, and they will buy, all the people that will pull the plug, from about 12k until 8k, they will buy all from the sellers.
Slaughtering, them, then the price can resume, too many normal people making money is not the Bank model, they will not allow it.
Now Bitcoin seems to dictate the trend also of many other coins....so the market as paused in most coins, or retracing too.....together with Bitcoin.
Notice how ETH instead has a good tone...or BNB for Binance, example, people tend to move to crypto, that are felt more secure....