I'm not going to make a long winded post, describing all aspects of the market but going to be giving a speculative view on what's currently occuring and where we will see crypto a week from now,
Crypto won't die the exchanges won't all close down, this is a pretty much unstoppable game right now, This is basically the cycle of crypto, whether you like it or not, this is exactly what an unregulated market does, Huge cashout, market plumets theres resistance than it plumets some more,
The money involved you have to realise is bigger that most, a $500k USD play on any of the top 100 cryptos has little change on the price of the indervidual token, this is basically the big f*ck you barrier to average joes,
The plays are made by big money, what is big money? 50-100mil ISDA account level trading, Your money will be safe if you believe in the cycle of how this unregulated market works, buying now will see rewards later on,
The biggest problem with crypto is its ties with bitcoin, each indervidual company is effected by the price of bitcoin, WE need a purge that either eliminates bitcoin or severs the weird bond with have of Bitcoin being the goto for exchange pricing,
Each coin being compared against bitcoin instead of the dollar is ridiculous,
How much money do I have invested in crypto right now ? $200 in bytecoin, Ha.
How much will I invest when the terminal end of bitcoin is pronounced, .. Allot.
TL;DR
Hold your money wait for the terminal end for bitcoins patterns and buy into coins that aren't relatively outlandish the more popular coins will be on the rise first eg EOS Cardano
My 2 cents, don't believe anything i say, make your own mind up
Good informative post! Hey i followed, follow back so we can help each other grow!
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