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RE: The fear and doubts of living of crypto.

in #life6 years ago

I didn’t know about this pullback in prices until I read your post and that is because I am trying to really focus on the journey rather than the volatility. In technology that is still young we tend to see these price moves more as speculation bet with and against its evolution. In this market we must admit that most cryptocurrencies are overvalued against their intrinsic value due to immature adoption, security and adoption so that leaves on speculative value in most. They also tend to correlate with each other which is why bitcoin is still the key to the direction of this market. However, fortunately bitcoin has been stabilizing and the holders and long term investors are battling those traders that are now netting against it because of charts signaling a strong downtrend. In addition, development in many projects is accelerating and should lead to a decoupling of prices when successful projects (loke STEEM) will outperform and no longer depend on bitcoin to lead price discovery. Its a matter of time but with the amount of capital flowing into the technological, we should soon see better days.

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