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RE: Cryptocurrencies Market Overview - March 15, 2018

in #cryptocurrency7 years ago (edited)

This market thrives on volatility. I look at reasonable market cap growth to give me an idea of where prices could realistically fall. I also think that crypto markets like 10x gains, so the price has to settle low enough where a 10x increase in market cap isn’t totally out of the question. So for me, if BTC wants to settle around 20k it would need to drop and hold for a short period 2k price. I think that’s what we’re doing in the market today. We’re trying to find and hold a bottom that can 10x while maintaining a realistic overall market cap. I’ve been sat in $0.90-1.5 STEEM for a while now. Only because I think it can 10x from there and still have a reasonable market cap. Timing is never clear, but crypto moves 10x faster than the regular markets, so I can only speculate it’s not gonna take a decade. Hope this makes sense! Thanks for the comment!