Almost there...

in #cryptocurrency6 years ago
I can almost breathe it, I can freaking feel it, call me crazy, but I'm totally serious. The way this whole market has been just "crashing" down on our heads for so long is completely irrational, it really is. But, I can see already the conversations starting to shift, the subtle messages are written in the walls as they say.




Positive Sentiment


I clearly remember the chain of events in 2017, a crazy year that will go down in history. The growth of bitcoin in valuation was so extreme, that it finally became an asset no one could truly avoid talking about. Because of this, the typical manipulations of markets, the typical dynamics that have been and are still employed in the traditional markets come out to play.

Specifically in the world of cryptos we tend to use a somewhat silly language to refer to them. When a company or a bank for that matter is talking poorly about BTC, we say they are spreading FUD, but when they boast about their crypto solution, we call them shills, and the over enthusiastic people who jump in, we say they are "victims" of FOMO.

As new as the terms could be for someone, the sentiments and the reactions are as old as apple pie. The traditional markets work in the same ways and possibly always have. You would not have to watch the wolf of Wall Street to confirm this, but of course, the film is highly recommended.

Sentiment drives the markets, always has, and always will. If people believe things are getting better, then they do, if most people believe the world is about to end, then, those nasty red candles start to color our screens.

SEC and it's role


As much as I constantly talk about the incoming regulations, and how they are somewhat unavoidable. The rhetoric coming out of our governments is just as important as any law that they are considering. In other words, they can with verbal statements dictate the sentiment of speculators, and thus create the swings we all see.

There is a particular article that in my opinion is completely worth the read, that to me indicates precisely what I mean by shifting tides.

All of the sudden we have a new SEC commissioner who is pro crypto? What does that tell us? Obviously, since no laws have been passed, technically not much. But again, I go back to my point, that article is an indication of sentiment swinging back into positivity.

Not financial Advice


I want to make that clear, because I don't wan't anyone to walk away from my writings as if I got the inside scoop or something. But, I believe we are about to go back up very, very soon. I would not be surprised if this started as soon as tomorrow. But, of course I'm not holding my breath.

I think everyone should make their choices, evaluate their priorities and such. But, to my brethren who have been hodling with me all the way down, I see you, we are almost there, and of course I salute you!.

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I am with you meno, Powering Up !!! :)
resteemed :)

the long game my friend... the long game.

how long you thing it will last?

Even some of the crappy, embittered trader bears on youtube are lightening up a bit... after previously proclaiming there would be a repeat of the 2014 - 2017 depression and scaring more noobs out of the market...

I tap into this vision with you Unc Meno....its really about time

about freaking time brother... gotta start dancing for rain (im about to) hahahah

I'm with you bro, I feel it coming too, and to resonate what you said in a previous post, I'm not worried about the downtrend, it's the perfect opportunity to accumulate more.

The rhetoric coming out of our governments is just as important as any law that they are considering.

I believe this rhetoric is intended to stall the inevitable, being mainstream adoption. I'm sure this is of course, also used as a means to manipulate scarce digital assets, but why that is, would probably best be described as a ploy for the major investors to accumulate as much as they can before this inevitable shift happens. Of course they don't want the wealth gap to be disrupted. If they have no choice but to shift, they will ensure the power/wealth gap remains.

You can call me crazy, but I don't have much interest in most crypto's anymore. The only crypto's I am interested in, are the one's that maintain DPOS (for the most part). Small trades for gains are fun and all, but I like the idea of having stake on a blockchain, and watching my money make money, (regardless of how minuscule). At the end of the day, I have full faith in Steem, and that is where 100 % of my crypto is allocated ATM, and likely, indefinitely.

Nice topic bro, thanks :)

Hellz to the yeah brother... hellz to the yeah...

did you leave NYC btw?

Yes, I did leave NYC. Not because I don't like the community or anything. They are all really cool people. I kind of lost hope for NYC, and cashed all my hodl for Steem .

¯_(ツ)_/¯


It's hard for me to remain active in various discords (time management is a bitch). These days I am trying to focus solely on the Steem blockchain, and my peeps within it!!

@meno

It appears as though my alter ego decided to talk to you. Isn't that strange? LOL

hahahah yusssss

mainstream adoption is far far away, years before that even starts happening, a decade before it's mainstream, not even worth talking about at this point

Not worth talking about?

With all due respect. I think it is very important to talk about, but we are all entitled to an opinion.

The people who control the worlds wealth are talking about it, why shouldn't we?

Just because it's possibly years away, doesn't mean we shouldn't try to ensure it's adoption isn't more suitable for the average citizen.

Until BTC hits or breaks above its ATH, there will be no further adoption by the average consumer. but performance is not enough, financial services companies will need to be able to provide crypto assets as part of investment advice / portfolios, only then can mass adoption even being, like I said, more than a decade away and there is no point talking about mass adoption when nothing is even legal and less than 0.1% of people own crypto, and of those very few own a significant amount. As of now crypto could all together fail, so I think mass adoption talk is premature esp. with most coins down 90%+

@nrad - We would like it to come much faster so we can enjoy the mass profits and to stop corruption from banks and the slavery involved :) But you are right.
Its still the "early years". I live with people who dislike the system and decided to boycott it like myself, and even they don't seem interested in crypto and don't see how it will change anything. For me I am learning about it since a while now and its become an addiction lol. But to me , I see how all is working in society and I already see how hard it is to earn money from working on the street making music for example - people have no cash on them these days which means people who want to make their own way without registering themselves, having a bank account, having an official address etc are soon to be pushed back into the system as there's less and less cash on the streets.

If you ask me how finance will be in 10 years, it will be AI company's, AI blockchains and microchips dishing out some kind of cryptocurrency for the unemployed masses. Humans will be obsolete, and my prediction is that if you have no BTC or shares in any AI company's then you will have to sit in the house like that guy in Idiocracy film, but have to play games or watch ads to get some kind of "money".

I will never have a chip in my hand, nor will I be willing to sit in a house (again).. The ones who invested a decade before into the right cryptos will be able to do as they please, the new 1%.

Transparency, blockchain, and peer to peer trading with free markets are the things I am trusting in - pritty much with my life, because a life with no freedom is no life at all!

Sorry for the long winded reply and to but in, but I had to say it lol.

Well said my friend, couldn't agree more.

I hope for huge gains and adoption as well but unfortunately the idea of freedom from the powers that be and a free market seem impossible because it is clear that the crypto market/BTC is 100% controlled and manipulated. Fidelity, with 7.2 Trillion dollars of funds under management, recently announced they would start a crypto fund, yet this had no effect on crypto prices, when they should have skyrocketed past ATHs on that news alone, it's like Apple announcing that everyone in China and India will buy an iphone in the next year and the stock not going up, it's simply not possible without a level of manipulation beyond what has ever been seen in history. Markets are forward looking and in all my 20 yrs of investing I have never seen anything like this.

Hi meno. Not quite yet as it is not finished teasing and depressing everyone. I reckon by the end of the month but not counting my chickens.

idk brother... lets see, lets see... tomorrow... eyes on the screens.

Sometimes feeling things are going to be all right are the way to make them precisely so

no no... we have not been crashing... we have been trending down... now it comes the crash... soon... just wait...
for STEEM at least, I haven't changed my levels yet
0.50
0.33
0.18

you gotta show me your charts brother! hahahhah

Are we on a slingshot meno? Is that what this is? Who's winding us up?

Hester Peirce aka Crypto Mom... member that name... member...

Great inside scoop! I took your advice and went all in on crypto!

hahaha if i did not know your dry wit style of comedy, I would have taken this seriously... hahahha

Meno has good bullish, hahahahaha, lets see,"Bull markets are built on skepticism"

I believe that the bottom is in, strangely enough I look at some altcoin action to see what people's risk appetite is like to assess the mood the market is in, some are certainly starting to move up....

I am still betting on 37K by the end of the year

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