RE: Will 2018 be the year in which Central Banks buy Cryptocurrencies?
I Think the banks and others in power may have actually caused this last “crash” so they could get a lower cost foothold.
I think the banks and governments are concerned about what crypto and blockchain ultimatly means to them (loss of control)
I am also not completely convinced that we are out of the woods from a crash stand point, there are some people or probably entities / groups that have large amounts of funds that are triggering mass almost instant sell offs in the billions (just happened late last night goin from 520 MC down to 490 in less than 30 min). People like me who have a very small stake in this game are very much at the whim of a few I fear.
Long term, I think this will all get worked out, as more money comes in the volatility and spikes will smooth out. As more people use these for every day applications it will stabilize. So to your point, now is a great time to get in the game !
Good points. I feel like this in FOREX and in crypto. I am like a flee just hanging on for the ride and hope I don't lose my shirt.
Banks are currently buying crypto by the 100s of millions and filing blockchain patents.
Thank you for your detailed response. I'm not really sure if the money of the banks has already been invested in crypto, I assume not. Personally I think we have seen the bottom and we will continue a slow bulltrend up with higher highs and higher lows, well that's what I'm hoping for.
There is also a lot of trading going on so I think it's pretty normal in the cryptocurrency market that we can go up billions and also go down billions in a very short amount of time.
When comparing the cryptocurrency market graphs with previous years, we can dare to say we have seen the bottom and predict that the bullrun is now getting warmed up to bring us to the moon.
i want the moon ! :)
I am a holder not a day trader, I am honestly basing my guess on feelings of watching this market for the past year .... I know I said it to you before, I will be more than happy to be wrong and i will always give you props for your insight! :) !!!
I know this market is going to explode and moon, and I do believe that it is going to move a ton in 2018 .... but I am not sold that right now and the next quarter or so is going to be the big event we are all looking for.
I am looking for a shift in societal views and desire for trust and privacy. Its coming, and when it does, and people see how blockchain can help make that happen its a game changer for this space
The moon is coming! :) BTC pushing to 12k now, there will be great resistance at that level but we will probably break that one too and look for next target. This are ofcourse just my assumptions but it is obvious that the correction trend is broken and we can only look up from here! Lets gooo!