All day today March 18th we have seen nothing but a sea of red and a market cap at the lowest of $275,446,000,000!
Then raging back up to $315,000,000,000!
This is todays market cap for the entire market and its interesting to see where the inflow of funds was coming from!
I think after the positive vibe coming from the G20 Summit.
Read here
World leaders are looking at it from the angle of amount in the market in contrast with global GDP.
Cryptocurrency is still very small in comparison to other investments like Gold or Silver markets which are in the trillions.
A lot of people say the train is over but I think that the ride is just beginning and this is just a bear period in which the 2 to 3 year effects will be truly substantial to the overall market.
Also cryptocurrency is meant to be worked on and improved as new challenges arise similar to a government adapting laws to new technology.
So with the uptake in cryptocurrency jobs and potential use-cases, cryptocurrency as a whole is looking bright.
Too many people watch the numbers and forget about the fundamentals.
I think we are still in bear mode though and I think not until April or May will we see some major action for price uptiks.
2018 will be a great accumulating year for those involved as a lot of people probably feel pretty discouraged if they invested into the hype late December.
Let the fundamentals do the work and stop checking coinmarketcap every 20 minutes. Don't overstress yourself!
Cheers
Dante
Disclaimer: This is not trading advice, trade at your own risk.