Is Crypto Going Lower?
After such major selling, is the crypto market going lower?
I look at the next target.
Bitcoin Depot, the USA's largest ATM network is now in 15 states with 125 Machines. This is great for the growth of cryptocurrency adoption.
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Nah, it's not going anywhere. Just have to be patient :d
The market is going lower, what are we going to do...
Buy more! Easy!
These days, the word “bubble” has become just as big of a buzzword as “blockchain” or “artificial intelligence”. As cryptocurrency investors, we hear this term used almost every day, but many of us are actually too young to have experienced our bank accounts zeroing as a result of a bubble popping.
When I first got into crypto, I had to grit my teeth and hold with steady hands as the value of my assets fluctuated up and down, staying in the red for months at a time. But over the past few months, cryptocurrency investors have had a different narrative.
Everyone has been trying to predict the next coin that will provide 10x returns, but if you missed that boat your consolation was still at minimum a 2x or 3x profit. This is the exact reason everyone has been so apt to pour in money — it feels like a low-risk, high-reward investment. Over the past few months, as long as you avoided the coins that had just pumped up 300+% in the last 24 hours, you essentially couldn’t lose.
Now ask yourself, what happens when the crypto market slows down on this nonstop upward trajectory? Will people be so quick to put a second mortgage on their house when the risk of losing all that money actually becomes a reality? Will investors continue to throw money into cryptocurrency “hedge funds” after they get crushed and realize that their 1000% return rate was merely a product of the previous bull market?
Many experts predict that while a few coins will prevail and their valuations will go to the moon, the vast majority of coins will watch their price plummet to zero. Now that prediction may urge investors to enter positions in top 100 or top 25 market cap coins, but does their current market standing really indicate whether they are here to stay?
How does Litecoin maintain its value proposition when other coins offer faster transactions and lower fees? What’s the need for Ethereum when Bitcoin finally makes a core update offering smart contracts… or when another coin makes it easier to create apps using widely-known languages like python instead of Ethereum’s native language solidity?
When this bull run finally comes to a halt, and valuations become more about value and less about hype, these are the questions we will need to be asking ourselves in order to have any chance of succeeding in the cryptocurrency market.
This is the best. Also 90% of the hype was created by people who didnt know what they were hyping. I’ve literally had people ask what a bitcoin looks like.
The words ‘distributed ledger system’ far from the mouths of most. Thats whats important here. The value lies in the ledger and one other important factor. Scalability. Which cryptocurrency will be the one to scale properly. The race is about the best tech. When we start seeing who those are this market is going to be very different I think.
Well said person.
well its a biggest and good news after ALOT btc sold my MT. Gox and really i always find the positive news in your blog so this is a big prove of crypto authenticity to all them who expect the crypto end is near
Also this will be more easiest ways to reach and pick crypto and will make the strong believe of crypto to every persons who are still confuse and sure this will be installed out of USA soon
keep it up your good job and always give to all good and positive news
So in answer to that question:This is major for cryptocurrency adoption.But i still believe we are in very early stages .Actually i feel like we are privileged because judging from what i see 95% of people are unaware of cryptos.The following years we might see ups and downs but can anyone tell me for sure that BTC won't reach 500K? because i believe it will.it will be a wealth metric such as gold
PS. Back in 2009-2010 were BTC have a few dollars did anyone believe it will reach 20K???Patience....cryptos are the future
I hope steem responds like Bitcoin did in its early stages.
That'd be cool
Crypto is certainly going lower, however we don't need to free expectation in crypto, crypto will bob back and sparkle in unimportant future, similar to it indicated us in December 2017 that is the sort of market wr me require, and recall putting resources into crypto is a long haul speculation, you simply need to pause and watch the crypto development and fall.
yeah crypto is definitely going lower, but we don't have to loose hope in crypto, crypto will bounce back and shine in mere future, like it showed us in December 2017 that's the kind of market wr me need, and remember investing in crypto is a long term investment, you just have to wait and watch the crypto growth and fall, and when crypto is at its peak be the one to withdraw money...
I think there's not enough people yet who know about crypto. With each passing day more and more people will enter the crypto world and bring a lot of money with them. Mass adoption of crypto is the key which will take crypto to higher levels
"Is Crypto Going Lower?"- Yeah that's correct.
We all were happy last crypto price up time. But again down market seems. Keep hold best idea to manage our crypto loss. Don't keep any doubts crypto market unpredictable. So price increase further. But I can't guess when will rise it.
the overall economy are size of the economy for crypto currency is growing. It’s expanding, it’s getting bigger; the pie is getting bigger. So not only is the money that is coming into the crypto currency market increasing the number of crypt occurrences that are being invented and coming out are increasing as well. So right now, if you think about should I buy and sell in the short term or should I hold for the long-term, my recommendation and my idea is now to start buying and holding in the long-term because I don’t have immediate bills that I need to pay and I can afford to just sit on that crypto currency for as long as I need to and watch it go up.