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RE: My Morning Video Blog/Vlog "Crypto Crash? Or Elite Scare Tactic To Push You Back Into Fiat?"
Honestly in my opinion this will likely be the cycle for the near future because every crypto hinges on Bitcoin and that is a bad thing. Right now Bitcoin is the go to coin to purchase other coins so the sooner that ends the better. The major problem is with the limited supply of Bitcoin all it takes is a mere 5 percent taking a little profit on the sell side to push the price is such a dramatic swing. Also in my experience the faster any asset class goes up the faster it can reverse.
Your analysis makes makes a lot of sense. Bitcoin has such limited supply...up 21 million, that it takes very little to impact it's price. It will be interesting to see where Bitcoin is in a year from now!
Thanks for posting, @natevegas
Yes also don't forget it's around 18 million right now with a unknown number forever lost on machines due to password / computer loss.
Oh that's true! That changes things up a bit, as a result. Good call, @natevegas