If you follow that sort of thing.. http://www.news.com.au/technology/o...s/news-story/893c6d847e9cc4395758f1f6303b5450
With my trading funds I’m buying BTC on every drop and selling for Tether on the small bounces, unless a trade for some alt-coin pops up and then I’ll buy that instead of USDT. Still holding and adding to my long term holds with any profits from these trades or any fresh cash injections. OMG is good value IMO as is NEO which is getting back into ridiculously oversold territory - again, IMO. I’m eying adding to my Cardano portfolio and BNB as well, I just don’t have enough money at the moment.
Negative sentiment seems to be at a high so I think the bottom can't be too far away. I think I'll have a decent crack at 5500 and then keep my fingers crossed.
Seems like a good price to dip in. Better double cross your fingers to be safe. Though i would say negative sentiment can go much lower. A lot of people still believe and are hodling.
Once it goes under 200 day average it will decent news on msn, and stir mums and dads. The question is who will win, mums and dads leaving or believers buying. Without a continual stream of ICO where people buy with fiat at $1 to convert to eth at listing than to btc to hold, the leakage in value is building putting more pressure on the price of btc.
There is a vast void between what regular people & the media think crypto is and what a growing critical mass of technologists believe it is.
Very small group of technologist. Likely about the same as people wanting to go back to gold standard. Think of this, will Australia make eth or bitcoin its national currency? Can’t even get rid of an old monarch lol.
Not exactly bubble related, but not worthy of a new thread too Anyone else seen the recent addition to CoinMarketCap? A new "currency" to see prices in LOL
This sub forum went pretty quiet since the last time I was here. A new thread and poll might be needed. Where do you think we are in the crypto disillusionment?
Nice to see you back Bugged No real surprise that when the market goes down so does the discussion I'm still very optimistic on the space, but as mentioned previously I think it might take a while before we see adoption grow and the next bull market commence I'm strongly considering buying more right now actually
I havnt had a look for awhile but looks like the bubble is about to burst, to many people have cut hands from catching that falling knife I still don't think it has burst, just deflated, August 2018 that's when it will fall like a lead balloon
The bubble already burst months ago - the market is never going to crash to zero It's still a very new market with a lot of teething to come, but with the amount of governments involved in all regards, more and more billionaires openly discussing their interest and intent to enter as well as plenty of other things that you would only know about if you kept up to date daily with what's going on, it's only a matter of when things will start pumping again Crypto is here to stay, whether you believe it or not, but yes we could be in this bear market for quite some time - only time will tell
I'm not really back. I was just lurking on the trade forum and had a peek. There are some smart people here who picked the top, was just wondering if anyone had considered that the silence here was possibly an indicator of disillusionment and was interested in picking the bottom
I don't see any new people entering the system and i still don't see many people using cryptos to generate any real market velocity. It's as if it's in a state of hibernation atm. Due to this I think there is more downwards pressure to go. Most people are still HODLing, thinking it will recover soon and then shoot up to $50k bitcoin (equivalent). When people start to think this will not happen any time soon, people might start selling off and will cause the next big wave of selling. I think market cap will come down to the $100B~ range. Which considering market cap was only 30B a year a good is still up a lot. Just that bubbles and FOMO have a strange effect on peoples heads to make them think everything they own is worth much much more for no reason other then they own it and want to be rich
Have a look at two trends one for volume compared to the price and the influx of second hand gpus. You will a pattern... low volume price goes up Medium volume price is steady High volume price goes down
Im going against the grain and saying for the short term (Q2) slow increases through to last week of May then a bigger % increase from then through most of June.
