Hi all!
The current situation gives reason to be sceptical about the next major move of prices. Here is why you may very well be optimistic.
- I mentioned it in past posts, that India will likely lift it's ban of cryptos by the beginning of july
- taking the lift of the ban a step further india might start an nationwide infrastructur for the use of blockchain in sectors like education and healthcare
- the St. Louis Federal Reserve publishes price-charts of BTC, LTC, BCH and ETH here https://fred.stlouisfed.org/categories/33913
In my opinion, those three points indicate once more, that the movement of cryptocurrencies and blockchain-technology will overcome reservations. Even those that are based on solid and reasonable arguments. It's the capacity to adapt, foremost against abuse and malicous practice, that will seperate good projects from those unfit to prevail.
However you should be aware that, if you get into the market, you likely will have to hold onto your position for a longer term then just a few days or weeks.
I am not a financial advisor, just writing down my thoughts.
Yours JP