BITCOIN LOSING THE FUNDS INFLOW BATTLE!
731 Billions, That is the total market cap of all the cryptos according to coinmarketcap. Bitcoin is steadily losing ground, although everything else seems to go up. As 2018 began, we are witnessing new high, after new high in the crypto space and the bull run isn't slowing down. The correction we saw around Christmas was indeed a perfect buy the dip setup.
The godfather of crypto - Bitcoin is at 34.8% - Lowest ever point. This is due to the fact that most investors want to jump in a project that will make x2,x5,x10 and for BTC to do this it has to be 100,000$. Another reason is that so many great projects are meeting their roadmap goals - that gives investors extra confidence and the top 50 crypto's are just killing it ( and not only top 50)
Funds Inflow
If you are not aware, let me tell you that markets around the world are making also ALL TIME HIGHS. S&P 500, Nasdaq, Dow Jones, DAX, Japan and many more markets just can't stop the bulls. Oil is also at multi-year highs and Gold is steaming up lately. It is almost like everything is perfect. It is the beginning of the year and funds are re-alocated and people are also pouring in money, the new tax plan also gives investors confidence to put their money to work.
The other day one guy on CNBC said "I will remain bullish, until the banks stop printing money".
We are in a insane Bull market - stock market, cryptocurrencies market, commodities market, emerging markets etc.
I am interested to know how are you taking part in this environment ? Are you waiting for a correction, or you have invested, or you are an active trader?
I am a crypto trader and investor and I have changed up my strategy many times over the past year. Initially it was very confusing trying to find a quality project with good fundamentals because I wasn't sourcing my information correctly.
I used to do a lot of swing trading and now I focus on the BUY AND HODL strategy. If I make more than 10X on a particular coin then I have no problem letting some go to invest into something else. We have so much more growth ahead of us and Bitcoin is just the very tip of the iceberg.
Lol, I am doing the same thing and also went through the same road - tried it all, from margin trading to swing trading. Now I am more focused on HODL projects.
P.s. Saw your posts and re-steems and found a lot of similarities in our interests. Followed you :)
Now i am thinking about BTC future, Btc going to not money making crpto in future. New investors are hesitating to invest in Btc.
I'm yet to get into crypto, yet I'm marvelled by the technicalities about crypto. Very informative post.
At this point, you can hardly go wrong. Everything goes up. When things start to get tighter, it will get interesting