I've been FOMO for while now. How could you not be if you get the technology but have only so much money you can realistically spend? It's just a matter of letting some other influences work themselves out. For one thing, the market is still unfortunately so small that market manipulation isn't that difficult to achieve. I was glad when the US govt. went after some folks for that recently. Hopefully word gets around and manipulators become too afraid to do it, despite what easy pickings it is until enough people start participating.
I dont know how to explain it but i have been feeling it too.. i am not anyone special with any kind of knowledge, i just feel like their has been a change of thought and feeling about cryptos lately and for some reason feel like the tides have been changing and cryptos are getting ready to take off again!
Right! In my personal life too, this past month I have had three situations where work-relations have individually spoken about blockchain and/or doing an ICO. That's weird because six months ago those same people looked at me funny when I said anything about crypto. So if even they are getting interested... well... bodes well for the future
Im hodling too.. Mine are an investment on my future so I'm in for the long haul.. I'm not new per say, but I have only been in cryptos for over a year now so I have seen ups and downs before but this is by far the biggest drop I've been part of.. So I'm just gonna stop paying attention to the markets for a while.. LoL.. Hopefully they will go up by the end of the year..
Yes up until now it has been dips during a bull run. This is the first time it's different. Very similar to 2013/2014. If so then good luck: if you survive the crypto winter that may happen, you have matured into a true veteran :)
If you look back to 2013/2014 and the period after, it took much longer than a year to recover fully. If the same happens this time I am not so sure we will be up by year's end! Truthfully I could see the whole market dying off until mid or late 2019 when the next halvening is coming up shortly after. I hope not of course, but honestly why knows? I'm ready for anything!
I have researched the 2013/2014 bear market and although I see similarities I dont feel it will last as long.. That bear market went up 10x in just one month and it was pretty much only bitcoin. This one has maybe gone up 7x from june to its peak in dec. over 6 months and its with over 1600 cryptos and bitcoin dominance is only around 40% now. I feel like there are a lot more people who are investing and belive in the market and we now have some use case coins so I have a hard time believing the bear market will last much longer than a year. I could be wrong ofcourse and an economic collapse could really fuck things up for cryptos but if that doesn't happen I think we will good 2 go by the end of the year.. like you said, so many people are asking me about cryptos now.. people are interested, they are just getting scared out of it with all this FUD.
Well we can only hjope, and yes its inevitable bitcoin and all crypto will eventually come back up, its a supply demand ineviatbality and we know fiat goes down in value, Crypto goes up over time, but since the big whales have been keeping the prices down, the google results are down
But that is just temporary! If you look at the Google trends results for Steemit and you check it gainst the price of steem, the charts are the same and basically as the prices go up more and more people have FOMO because they really are missing out. But people don';t think ahead and even though its smart tro get in NOW while its cheap and low priced, people will only FOMO when they are missing out which happens when the prices go back up
and if EOS continues to launch smoothly, which it most likely will, then we will probably see EOS go up So much that it may very well lead a market rally and we could even see EOS lead our crypto rallies from now on :D or we just end up seeing EOS going up and everything else going down as they sell it all for more EOS :D That should help Steem as well since many EOS holders also hold Steem, and as people learn about EOS and its DPOS underlying mechanics they'll want to know what else works like EOSD and theyl find out about Steem which EOS creator @dan larimer created BEFORE he created EOS! So whats good for EOS should be good for steem.
I also think we're going to see some alts rally big time before we see another big BTC rally. I kind of expect both EOS and Ethereum (it has had a lot of development and investment in it lately) to lead the charge this summer.
Interesting times ahead!
Thanks for stopping by and for your support!
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by pandorasbox from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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I've been FOMO for while now. How could you not be if you get the technology but have only so much money you can realistically spend? It's just a matter of letting some other influences work themselves out. For one thing, the market is still unfortunately so small that market manipulation isn't that difficult to achieve. I was glad when the US govt. went after some folks for that recently. Hopefully word gets around and manipulators become too afraid to do it, despite what easy pickings it is until enough people start participating.
I dont know how to explain it but i have been feeling it too.. i am not anyone special with any kind of knowledge, i just feel like their has been a change of thought and feeling about cryptos lately and for some reason feel like the tides have been changing and cryptos are getting ready to take off again!
Right! In my personal life too, this past month I have had three situations where work-relations have individually spoken about blockchain and/or doing an ICO. That's weird because six months ago those same people looked at me funny when I said anything about crypto. So if even they are getting interested... well... bodes well for the future
guess we both mixed up our signals! I thought it was gonna go up but it went down.... hard :/
Yes, it was false hope! It now looks like we're going down muuuuuch further!
Still hodling though, I've been through this before
Im hodling too.. Mine are an investment on my future so I'm in for the long haul.. I'm not new per say, but I have only been in cryptos for over a year now so I have seen ups and downs before but this is by far the biggest drop I've been part of.. So I'm just gonna stop paying attention to the markets for a while.. LoL.. Hopefully they will go up by the end of the year..
Yes up until now it has been dips during a bull run. This is the first time it's different. Very similar to 2013/2014. If so then good luck: if you survive the crypto winter that may happen, you have matured into a true veteran :)
If you look back to 2013/2014 and the period after, it took much longer than a year to recover fully. If the same happens this time I am not so sure we will be up by year's end! Truthfully I could see the whole market dying off until mid or late 2019 when the next halvening is coming up shortly after. I hope not of course, but honestly why knows? I'm ready for anything!
I have researched the 2013/2014 bear market and although I see similarities I dont feel it will last as long.. That bear market went up 10x in just one month and it was pretty much only bitcoin. This one has maybe gone up 7x from june to its peak in dec. over 6 months and its with over 1600 cryptos and bitcoin dominance is only around 40% now. I feel like there are a lot more people who are investing and belive in the market and we now have some use case coins so I have a hard time believing the bear market will last much longer than a year. I could be wrong ofcourse and an economic collapse could really fuck things up for cryptos but if that doesn't happen I think we will good 2 go by the end of the year.. like you said, so many people are asking me about cryptos now.. people are interested, they are just getting scared out of it with all this FUD.
As usual, excellent post! I feel we are very very close to this long bearish market. We just need the spark to light the bull rocket!
Thanks!
Let's hope for that spark! It will help shake off the PTSD cynicism that I have developed after the 2013/2014 bubble burst! :)
100% upvoted and resteemed!!
https://cointelegraph.com/news/cnbc-google-searches-for-bitcoin-down-75-since-early-2018
But that is just temporary! If you look at the Google trends results for Steemit and you check it gainst the price of steem, the charts are the same and basically as the prices go up more and more people have FOMO because they really are missing out. But people don';t think ahead and even though its smart tro get in NOW while its cheap and low priced, people will only FOMO when they are missing out which happens when the prices go back up
and if EOS continues to launch smoothly, which it most likely will, then we will probably see EOS go up So much that it may very well lead a market rally and we could even see EOS lead our crypto rallies from now on :D or we just end up seeing EOS going up and everything else going down as they sell it all for more EOS :D That should help Steem as well since many EOS holders also hold Steem, and as people learn about EOS and its DPOS underlying mechanics they'll want to know what else works like EOSD and theyl find out about Steem which EOS creator @dan larimer created BEFORE he created EOS! So whats good for EOS should be good for steem.
Thanks!
I also think we're going to see some alts rally big time before we see another big BTC rally. I kind of expect both EOS and Ethereum (it has had a lot of development and investment in it lately) to lead the charge this summer.
Interesting times ahead!
Thanks for stopping by and for your support!
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by pandorasbox from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.