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RE: Cryptos are down again

in #cryptocurrency6 years ago (edited)

Hey man I totally understand your sentiment, and I agree that the long-term use case for all the coins that are worth a damn should be and will be up, in the short term it's all about sentiment, and in the short term for the crypto market in particular it's all about INSTITUTIONS. They are ramping up to buy, and as the indexing/custody/regulatory landscapes get ironed out as this year goes on, we're still going to have one helluva ride up, just like when retail investors became disillusioned over the dot-coms in 1994-1995 and the institutions, who owned no tech stocks at that point, came in and scooped them up from the retail investors on the cheap and drove the market to dizzying heights. The same will happen here, keep the faith, and thanks for posting!