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RE: SCARY Trend in Bitcoin & Other Cryptocurrencies

in #bitcoin7 years ago

The market has been walking sideways for a while now, and i think it will keep this way for a while.

Mostly because cryptocurrencies is out of the mainstream media, and there is not much dumb money entering the market.

But i think is probably a calm before the storm. There is a lot of things happening, in all corners of the cryptocurrency world. Regulations, bans, new coins releases, governments and banks embracing the idea of blockchains and cryptocoins...

Something is definetly cooking, but hell if i know in wich direction things will go.

And again, lets not forget the fact that a lot of "uninitiaded" people got burned from last december high to january fall, and they will probably stay away from cryptos for a while.

But as soon as a spark appears on the media, market will move again.

In the meantime, i hope the people that is behind the development of the good coins use the time to improve them.