I think I will agree on the next bull run being a sight to behold. At this point of time I have dropped the worries to some extent (partly to some good news -SEC, USDT, EOS......) about the price because it not a question of if but when.
We all need the bit of reminder from time of time when the chips are down. We are all learning and even the devs coming up with ideas that is surprising other devs.
I had basically summarized the points as I understood them from the video. I would really-really love it if you could give it a few minutes and tell if I got something wrong in understanding the issue.
If you don't get the time then I would understand - no problems. As always I appreciate your take on the market and will keep an eye out for more from you :-)
Hey! Looked at your previous comment, I think you nailed it. Unfortunately it does look like there's a very strong chance of the SEC recognising XRP as a security. I really appreciate the thoughtful comments that you've been leaving on my posts! :)
Thanks for the feedback. I havn't really done much research into the topic and your video seemed like a good starting point. You explained everything in the video in a pretty straight forward manner but I thought it'd be great to get a second look as well.
Bear market is incredibly hard to stay in. Forget the fundamentals or any good news. If it goes down, it feels like it never ends. That’s why it’s called bear market. I can assure you every single investor who bought crypto for quick return is now selling for loss. I’m afraid this gets much scarier than it is now. To most long therm investors today’s price doesn’t matter. If bitcoin went tomorrow back to $20k I wouldn’t sell anyway, so what is the difference if bitcoin is now at 3,4,5,6k if we won’t sell anyway. I would think of it as an advantage. We can add to our portfolio for great discounted price. As I mentioned, I’m still expecting some kind of flash crash to get rid of weak hands. I still have not seen it.
You took the words out of my mouth. Your and my view on crypto is much more long term than today, tomorrow or even next year. Crypto is going to be enormous beyond comprehension now, if you dont believe that selling makes sense, if you do, buying does.
Im making my monthly purchases, twice monthly, nothing huge but what I can afford, and I will keep doing so, maybe forever, but definitely while the crypto market is less than 1 trillion. Maybe that's when I will stop. TBD.
My predictions are close to yours. I think that the price can easily reach $20k by the next January - February.. And we can easily touch more than $50k in 20 months from now, probably a little bit more than that.
But yeah, i am still very optimistic about how the price is going to be developing during the next months.
it paves the way for another epic bull run in the coming years. Don't lose sight of that!
This is actually the truth, the price might coming down now, but in couple years, happiness will surely take over investors faces. I can say categorically that the growth crypto had in last two years wasn't as expected so I believe it has to do with the price falling gradually, what I know is that hope is not lost since a lot of investor will surely be coming on board to more crypto to buy and need to wait patiently for the price to boom in no time.
This seems like a common theme... There are some great headlines that in the past would have helped the market rise but in the current market it doesn't matter how good the news is... The market continues on it's down trend. But I agree that this won't last forever and all of these promising headlines will help that bull run when it comes!
Even though I tell myself (and I believe it to be true) the market will go back up and test ATH again, the current state of the market is not good for my mental health! haha
No matter what will happen to the cryptocurrency in present but i know it will emerge like a new revolution in money market very soon ..
Thanks for providing such a support and confidence to the steemians about crypto..
While it is counter-intuitive to think so, I actually think the current Bear Market will be good for crypto in the long run. This is because people will lose interest and the developers will be free to refine and deploy the technology to enable mass adoption. We will then move from a market driven by news and "jam tomorrow" speculation to one where the metrics for success will reflect the profitability and adoption of the project. We wil then have real use cases generating real profits for investors.
I'll be excited as well when HF 20 finally happens for Steem. What worries me is I keep hearing more people saying their banks and credit unions won't let them work with Coinbase; it's good news in that it's indicative that the banks are terrified of crypto, but bad in that if you can't buy in or cash out...
Well, in a hopeful crypto future that would matter less, but for now it's a problem. 😉
Too many are focused on the short term since they thought this was a quick way to make money. Sorry for those tables turning but the long term is the prize which is much more than high prices but also the efficiencies and freedoms achieved from blockchain technology. Adoption will not come from us in the 50% of wealth in the world but instead those that are not properly attended in today’s financial system.
I agree. The price action is best viewed as the result of the movements of a mindless herd. It's got a momentum of its own and it reacts to the fundamentals with a considerable delay.
I think @louisthomas and I mean the underpinning technology, user-friendliness etc. when we talk about the fundamentals. They are important drivers of the general direction of the price movements in the long-term. Bitcoin was created in the aftermath of the last global financial crisis of 2008. Its purpose is to remove the middleman from economic transactions and enable trustless peer-to-peer money transfer. Cryptocurrency is one but very important application of blockchain technology.
The Internet was created to function as a decentralized communication network. With onboarding of the masses and the rise of Google and the social media giants, the content and economic layers of the Internet have become de facto centralized. This has led to entrenched interests stifling innovation.
The blockchain and other possible cryptographically secured distributed ledgers will enable the Internet economy to decentralize. The cryptosphere is made of up open, permissionless and public networks that enable economic transactions, co-operation and decentralized organizations to function trustlessly. This has great potential to transform regions like Africa that are extremely corrupt and mired in huge perpetual problems because of that.
Great input and reflections. Its going to be a hell of a ride it seems! One initiative we want to highlight is how it is becoming easier and easier to transact cryptocurrencies between each other. Here it is worth mentioning our own platform Blockbasis, where users can send and receive cryptocurrencies like BTC, ETH and LTC via email. No more private or public keys, just good old email!!
-$NEO has a strong development community
-Proof of Stake, rather than Proof of Work
-Broad international acceptance with, to date, no evidence of fraud
-fitting the mold for a regulatory compliant.
Many other are in tears about what's happening to the market but not me cuz i'm very sure that #NEO is going to be one of the long term winners. Also the passive Gas income this way easier for me.
Honestly, the #NEO blockchain has a lot of legitimately solid projects overall,free zone of shitty projects
I think I will agree on the next bull run being a sight to behold. At this point of time I have dropped the worries to some extent (partly to some good news -SEC, USDT, EOS......) about the price because it not a question of if but when.
We all need the bit of reminder from time of time when the chips are down. We are all learning and even the devs coming up with ideas that is surprising other devs.
Also now that you mention about SEC ..............about a week ago I made a long comment on one of your posts and I was hoping if you could give some sort of feedback on it. The post was https://steemit.com/cryptocurrency/@louisthomas/sec-eth-in-the-clear-xrp-and-others-in-possible-danger
I had basically summarized the points as I understood them from the video. I would really-really love it if you could give it a few minutes and tell if I got something wrong in understanding the issue.
If you don't get the time then I would understand - no problems. As always I appreciate your take on the market and will keep an eye out for more from you :-)
Hey! Looked at your previous comment, I think you nailed it. Unfortunately it does look like there's a very strong chance of the SEC recognising XRP as a security. I really appreciate the thoughtful comments that you've been leaving on my posts! :)
Thanks for the feedback. I havn't really done much research into the topic and your video seemed like a good starting point. You explained everything in the video in a pretty straight forward manner but I thought it'd be great to get a second look as well.
Thanks for taking the time man!
Bear market is incredibly hard to stay in. Forget the fundamentals or any good news. If it goes down, it feels like it never ends. That’s why it’s called bear market. I can assure you every single investor who bought crypto for quick return is now selling for loss. I’m afraid this gets much scarier than it is now. To most long therm investors today’s price doesn’t matter. If bitcoin went tomorrow back to $20k I wouldn’t sell anyway, so what is the difference if bitcoin is now at 3,4,5,6k if we won’t sell anyway. I would think of it as an advantage. We can add to our portfolio for great discounted price. As I mentioned, I’m still expecting some kind of flash crash to get rid of weak hands. I still have not seen it.
You took the words out of my mouth. Your and my view on crypto is much more long term than today, tomorrow or even next year. Crypto is going to be enormous beyond comprehension now, if you dont believe that selling makes sense, if you do, buying does.
Im making my monthly purchases, twice monthly, nothing huge but what I can afford, and I will keep doing so, maybe forever, but definitely while the crypto market is less than 1 trillion. Maybe that's when I will stop. TBD.
My predictions are close to yours. I think that the price can easily reach $20k by the next January - February.. And we can easily touch more than $50k in 20 months from now, probably a little bit more than that.
But yeah, i am still very optimistic about how the price is going to be developing during the next months.
This is actually the truth, the price might coming down now, but in couple years, happiness will surely take over investors faces. I can say categorically that the growth crypto had in last two years wasn't as expected so I believe it has to do with the price falling gradually, what I know is that hope is not lost since a lot of investor will surely be coming on board to more crypto to buy and need to wait patiently for the price to boom in no time.
This seems like a common theme... There are some great headlines that in the past would have helped the market rise but in the current market it doesn't matter how good the news is... The market continues on it's down trend. But I agree that this won't last forever and all of these promising headlines will help that bull run when it comes!
Even though I tell myself (and I believe it to be true) the market will go back up and test ATH again, the current state of the market is not good for my mental health! haha
Great stuff! Up vote and a follow from me! :)
Logical thoughts but I think before a big boom market will go down around 5800$.
Hope you didnt hit anyone in the ass when you are randomly throwing darts around.
You know they can train monkeys to do that, right???
@davebrewer
He is obviously off by 3 points , its supposed to go down to 5803 and then bounce back !!
@davebrewer 5800$. Wanna say something 😘
Yes I find it interesting that the good news lately in the crypto space has not had an effect on prices but then perhaps it is a good time to buy.
2014 was full of good news for Bitcoin and crashing markets. Yet it still took 2 years for the bull market to get going again.
No matter what will happen to the cryptocurrency in present but i know it will emerge like a new revolution in money market very soon ..
Thanks for providing such a support and confidence to the steemians about crypto..
While it is counter-intuitive to think so, I actually think the current Bear Market will be good for crypto in the long run. This is because people will lose interest and the developers will be free to refine and deploy the technology to enable mass adoption. We will then move from a market driven by news and "jam tomorrow" speculation to one where the metrics for success will reflect the profitability and adoption of the project. We wil then have real use cases generating real profits for investors.
All i can see is the guy on the picture is too cute 🙄
Please vote and replay me
Good news sir. I am waiting for this
my dear fellow investors this is the right time to jump in the market......
Thats true pal. I read about Akoin, a crypto currency thats been made by Akon. Good news every where and yet prices fail to rise
that sounds good
I'll be excited as well when HF 20 finally happens for Steem. What worries me is I keep hearing more people saying their banks and credit unions won't let them work with Coinbase; it's good news in that it's indicative that the banks are terrified of crypto, but bad in that if you can't buy in or cash out...
Well, in a hopeful crypto future that would matter less, but for now it's a problem. 😉
Cryptocurrency crashed but expect we will get bull market soon
Do you think crypto has peaked?
Very good news, thank you.
There is some issues Now In Some Countries but Cryptocurrencies Future Is Great Sir.
Too many are focused on the short term since they thought this was a quick way to make money. Sorry for those tables turning but the long term is the prize which is much more than high prices but also the efficiencies and freedoms achieved from blockchain technology. Adoption will not come from us in the 50% of wealth in the world but instead those that are not properly attended in today’s financial system.
I agree. The price action is best viewed as the result of the movements of a mindless herd. It's got a momentum of its own and it reacts to the fundamentals with a considerable delay.
What fundamentals? Crypto has close to NO fundamentals. All momentum and faith, by the HODL crowd hoping for magical results.
I think @louisthomas and I mean the underpinning technology, user-friendliness etc. when we talk about the fundamentals. They are important drivers of the general direction of the price movements in the long-term. Bitcoin was created in the aftermath of the last global financial crisis of 2008. Its purpose is to remove the middleman from economic transactions and enable trustless peer-to-peer money transfer. Cryptocurrency is one but very important application of blockchain technology.
The Internet was created to function as a decentralized communication network. With onboarding of the masses and the rise of Google and the social media giants, the content and economic layers of the Internet have become de facto centralized. This has led to entrenched interests stifling innovation.
The blockchain and other possible cryptographically secured distributed ledgers will enable the Internet economy to decentralize. The cryptosphere is made of up open, permissionless and public networks that enable economic transactions, co-operation and decentralized organizations to function trustlessly. This has great potential to transform regions like Africa that are extremely corrupt and mired in huge perpetual problems because of that.
Looks like none of the good news are enough to push the price up. Volume is also very low. Hope to see a bull run later this year.
Its true and what i feel soon u will see bull run in crypto btc to moon by end of this year
Market boom will soon...
Great input and reflections. Its going to be a hell of a ride it seems! One initiative we want to highlight is how it is becoming easier and easier to transact cryptocurrencies between each other. Here it is worth mentioning our own platform Blockbasis, where users can send and receive cryptocurrencies like BTC, ETH and LTC via email. No more private or public keys, just good old email!!
#ImSmartNeoholder because:
-$NEO has a strong development community
-Proof of Stake, rather than Proof of Work
-Broad international acceptance with, to date, no evidence of fraud
-fitting the mold for a regulatory compliant.
Many other are in tears about what's happening to the market but not me cuz i'm very sure that #NEO is going to be one of the long term winners. Also the passive Gas income this way easier for me.
Honestly, the #NEO blockchain has a lot of legitimately solid projects overall,free zone of shitty projects
So what is the estimate of when the epic bull run will happen?? You guys say soon - but are we talking weeks, months, a year?
Yes i am very excited i invest 350000 rs i bitcoin for store