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RE: CRYPTO BLOODBATH

in #cryptocurrency7 years ago

I see this year as being bad for crypto.

I see all these posts.. bitcoin will hit 50k this year, blah blah blah.

Now we are in the third month of this year.. and prices have still fallen.

Last year we has a huge amount of new money coming into the crypto markets, from large investors - The Saudis for example.

For the price to continue to rise, we will need to see more investments.

Another problem i see is all these new altcoins.

While i do like altcoins.. i can see these new coins diluting the market. There is only so much money available to be invested.. so the more coins available the less amount of investment each coin will receive.

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I agree, more money needs to come in. Volume seems low and it has been.