[Video Blog #62] - Crypto Update - 20 Billion Has Left The Building (Cryptocurrency)
Please watch my video for my perspective and review.
In the last 7 days we have seen 20 billion dollars wiped off the market capitalisation for the entire crypto sector.
In the last 30 days we have seen 3 major corrections and 1 smaller correction which is good for the market.
We have seen a resistance point of approx. 112-115 billion market cap, 4 times, before each correction which will gives us a heads up before the next surge.
Will it correct again at around 115 billion?
Will it push through 115 billion with the all time high of 117 billion being surpassed?
Where are we heading in regard to the next three months?
I feel once we see the ICO's start to settle down we will find a more solid flow of funds enter each existing coin however what concerns me is the amount of ICOS that will arise in the short term.
ICOS are effecting the coin price at an individual level due to the attention being moved towards these ICO events and the money being set aside for these ventures.
I personally feel we will see a major surge very soon and again it will be influenced by some big players and certain events around the world which will create new energy into the crypto space.
We are only at the beginning and the next 2 years will be mind blowing.
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~Sebastian
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I associate the world of Crypto with League of Legends.
Closed beta was the creation of Bitcoin, where few people got involved
Open beta was when Bitcoin started to blow up and much more people started getting involved
Season 1 is where we're at now, and we are early adopters of this technology.
Season 2 or 2018 will be when it really starts to pick up steam and more and more people will hear about it and become interested in it.
And then eventually around Season 4 the amount of player increase will start to normalize with a general upward trend.
Basically what I'm saying is now is the time for us to be involved in the world of Crypto, and we're lucky that we found out about it. And we should be grateful and share that information with people we love and give them the opportunity to also not only be involved in a world with ridiculous return on investments, but also simply be able to enjoy the ride of watching the entire world change.
I agree. We have a 2 year window to make great returns before the market gets saturated and mainstream enters to sector. I am sharing with everyone one I know. Not everyone is interested. They are still skeptical and reluctant. Obviously reading too much MSM. They will lose out in the end. All we can do is be diligent ourselves and do what we need to do for our families.
I'll listen on the way home tonight. Any thoughts on Digibyte?
Big fan of Digibyte. The team is solid and they are just doing what they need to do in the background. I feel 2018 will se them really move forward when they finalise and acquire some major corporate interests and officially release Digusign and their other exciting projects.
I think about 5 billions are added back as per coincapmarket. Yeah these corrections are good for overall growth of market.
I want to see organic growth rather than hype.
So nice vid! ETH been doing good lately. Im so glad i goed in, not too much but something atleast :) Upvoted & Promoted!
Eth will be very volatile of the next 12 months as ICOS pump and strip it of value. Will settle down in a few years however this will not stop teh price from climbing. The goals is to find the next Ethereum. I feel that will be Antshares and EOS.
We all know the prices are just going to shoot up again in a couple of weeks, People are just making sure to capitalize on the fears that prices will never go back up.... Ethereum was $4 less than a year ago, either way.... people have made some insane profits off of it....same with nearly every other coin as well.
I actually hadnt realized that Dash was only a dollar as well last year, there are insane profit margins in cryptocurrencies
Yes the money is amazing and it has not started yet. So much to be made and if you are buying and stacking the majors and a few of the minnows that are yet to explode you will do really well.
Excellent post!! thank you for sharing + follow up
I agree with you. I feel stacking ( buying the dips ) and holding the best coins with good technology and great team will ultimately pay off. These dips are great for us to buy more in the coins that we believe would be great longer term. I bought few more DGB, GOLOS, SC and NEM today , these are few of my favorite coins which i believe would do great in couple of years.
Great choices. I feel they will do well too. Siacoin is the only one I don't have as yet. Had trouble with the wallet initially so will need to revisit it soon before it moves again.
Sia has an upcoming release v1.3.0 with several highlights listed.
https://www.reddit.com/r/siacoin/comments/6jnqn8/sia_v130_beta_rc2_try_out_the_upcoming_release/
These releases are always valid however I want to see something more substantial in regard to corporate acquisition and adoption for their services.
For sure , SC being the cheapest cloud storage as when compared to Storj , centralized storage like S3, google cloud etc. Some of the basic features like versioning , multi region redundant , video streaming concepts to advanced features like providing security ,mobile apps and much more at this cheaper price will bring them attention from corporate world! I'm keeping an eye on the road map and developments from sia and next two years will be interesting in terms of competition from STORJ or any other company with similar concept.
Have you looked into Digibyte and Digusign?
Of course i'm in DGB not only about digusign ( documents/contracts management system used in multiple industries ) but also gaming side of it. It's the jack of all trades ! I'm heavy on DGB and SC.
Just bought some Sia! :) Got my wallet working so I am in for the long game.
Awesome. I don't have Siacoin as yet.
Nice video!
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