There is a lot of oportunity and market will flip soon. We just need to remain calm and wait. I'm strongly believing that market 1 month from now will look totally different :)
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There is a lot of oportunity and market will flip soon. We just need to remain calm and wait. I'm strongly believing that market 1 month from now will look totally different :)
I believe it will take a little longer. 2-3 months. Since the waiting times on the exchanges are up to 2-3 weeks sometimes even longer. We have no idea how much new money will flow in soon. Especially when people see the lower price. All the hyped up people from January that feel they are getting an amazing deal. $25,000 coming in 2018! Probably even before summer. That would be a 3X rise. Overall at the end of the year probably 5-8x rise in price compared to start of January. 2019 will probably be a calm year again. Since the high price increase will cause many to stand back from buying.
yep it's also an oportunity for new people to come. I have a lot of friends, including my brother, who wants to invest but doesnt curently have the option / money to do so. It's not that easy and fast to get into crypto. We will see 1 billion market in the next months for sure, but this period is purging the market from shit coins.
True it's not easy or fast. It takes a certain skill and person to get rich from this. The smart people can even take huge loans and do some risks. If you don't have many you can always use someone else.
For many people in the western world taking a bank loan even in worst case scenario it's not that risky compared to the potential upside. Especially now how safe the world has become. Million ways you can make the money back in worst case scenario. Especially now with the Internet. But it's not for everyone. Since all money can be lost and not everyone is ready for that.
But whole life is a risk haha. I'm here to bet on stuff. If you are younger it's less risky of course. Because you have more energy and could make the money back easier. But if older it might be better to play it more safe. Since a huge loss then will feel more in the pocket.
For example a young person can work so fast in this technological world and make gains fast. But it's more scarier for a non geek person to do the same.
I'm a little bit scared, buddy. Hope the market will bounce back.
@phoneinf I agree that bitcoin price could go up to $25,000. Especially since market cap is not equal to the total amount of money being invested.
At this moment I wonder if crypto markets ever become calm? The way things work right now, my guess would be not