thanks for the vote btw and
imo the cryptoplebs ... (its not meant demeaning, just an easy collective name for people who just found out it exist , in the last two or three years or so, and venture capos who throw heaps of money at it since its easy to manipulate as "a niche market) have a lousy habit of using the same old statistic methods used for shares, oil, bonds, fiat forex and about every kind of trading since the 20s ... where i think its idiocy to treat grainprices with the same methods as currency and even currency pairs on the same dataset over 100 years regardless of situation and about 10000 other factors with crypto being new and BTC actually being the first actuall application of blockchain technology being older than some peoples kids (by a few years now) they do the same ... while BTC was supposed to be the decentralized dollarkiller (as it can hold the same value as the total amount of dollar in the world or even more depending on the value of the last satoshi) LTC got "invented" ...(lets not say copied) as the silver to btc's gold with the extra perk that the algorithms were supposed to favor cpu miners after people who had plenty already started to build gpu farms
now there's a token war going on which makes it even more difficult .. you cannot compare BTC to Steem of flixxo or whatever in any way, nor can you compare it to the "lesser" coins (qua dollarvalue) like zec or eth/etc since the backing is different, steem is supported by a social network where people actually sell off monthly as a means of extra income, which makes it closer to a currency while BTC is an investment more like
all of this is built on top of blockchain - "tek" ... i think the picture isnt clear to many and thats why you d get flamed a lot ... i have seen since it started the end of the cryptoworld many many times, every time some regulation passes you can rest sure the mastodons of money pounce on it because so far it has been driven purely by flight(from fiat due to encartainty) to fud (back to fiat due to panic and 'the end of the world')
if one thing id say its highly unlikely to expect it to reach previous heights in the short term, but its just as unlikely that its the end of the world too. Too many peope have too much money in it. The tek is being picked up by wallstreet 1%ers which means regulation is inevitable.
Hence : a campaign to push some idea into politicians heads (you dont need intelligence but common denominator charisma to be elected)
that you don't tax a transport company 60% of its trucks and you dont cut half a cow from a farmer when he trades it for a horse, but you charge them on the income they have at the end of the year
in dollar
that would be useful ... spam your local MEP or congressman :p
Free speech is either absolutely free or it is not at all. It was meant to be free for everybody : how can anyone grow up in a nanny state?
You are correct. crypto price at present is driven by news. It's pure confidence.
We have a way to go. I think the most helpful historic indicators are from the dot com bubble and eventual emergence of a few huge companies like Amazon, Facebook etc..
Net neutrality is a must for any of this to work....