January Sales!
These past two weeks have been like a roller-coaster for the crypto community. After a great start of the year with almost everything hiking up in value, now we can't escape the dips, every turn to green seems to be followed by another dip, not as intense as last week that Bitcoin got to low levels as $9k usd, and the fear spread out around the newbies like fire, but today we get another general down after bouncing back to positive levels during the weekend.
This keeps the expectations of a 20k mark for Bitcoin getting delayed to the absolut end of the months, maybe later on February. The market got about 2 billion dollars pulled out from it after the pump of the first days of January, that makes the recovery a little more difficult. The investment trend we were facing since the end of 2017 was broke by the FUD (Fear, uncertainty and doubt) after seeing the top 50 crypto reaching more than 20% loss in value. The shopping feelings has to recover this situation, stimulating the prices again and putting the wheel to roll on up trend.
The goal for 2018 is to reach a 1 trillion dollars market cap for all the cryptos, this consolidation will bring safety to the investors and stability to the companies that are leading the revolution. An increase in the general cap will immediately be reflected on the prices of almost all coins, setting the standard of Bitcoin above the 20k usd bar, leaving the path wide open for growth to the top 100 at Coin Market Cap.
By the end of January is usually when big investors get their tax return from investments and it is followed by another wave of spending that could bring the growth that we are expecting. The returns could be re injected in the crypto market but in the promises of the future, new companies or coins that seems most likely to have an spectacular rise during the short-medium term, this could move the list on the top 50 of the CoinMarketCap and bring new players to the spotlight. In any consequence the injection of capital will affect positively the crypto in general and bring a hike in prices most needed these days.
What do you think? Please share your thought in the comment section.
Thank you for reading.
Cheers!
Good Information thanks bro for sharing with us @albertogm
Thank you for reading @orges1!
good post
Yes up and down is still continuing
In crypto for the long haul. Blockchains especially bitcoin will fundamentally change the monetary system and we're still in the beginning stages of adoption. The dream is that we'll switch that pyramid of wealth from the elites. fingers crossed.
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Great post. I think that the BTC prices will go up again, but first starting in February as you also indicate. But for me it's fine, i'm in this for the long run, and not short term gains.
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