Now it became clear that the golden period of the crypto-hype passed. Why can we be sure? Imagine that people who have multiplied their holdings by tens or hundreds will become richer ten times more. Then it would be a complete madness.
But the truth is that the smartest money is already out of the market. One rich guy said that he sold all his bitcoins at $2000 several months ago when he was 10x. This is the perfect example of smart behavior.
So now the market full of bag-holders and speculators. Almost all projects have no real applications. About a month ago I said that some of them seem to me more useful, but it's an extrapolation into the future. Now, their value is overestimated.
Obviously, we are entering a new period-the trading period. I'd like to wish good luck to all crypto investors out there. This will be a very entertaining time for you.
People talking too much about the scaling problem. For me, it's not a problem at all because we have some real issues now:
- One of the biggest exchanges is closed by the government
- SEC started an open war against unregulated crypto sphere
- Market is overbought by weak amateur investors
I think the fork has an insignificant effect on the market. The biggest problem, that Bitcoin already hit the mainstream.
So all people who wanted to participate already did it. To grow the market need fresh blood. Еhe only option is institutional investors but this is a completely different story...
Welcome to the J U N G L E!
Jungle of crypto speculations. Come to exchange and we will fight for the money. Like in wild nature.
P.S.
I have some crypto bags. There is a small chance that market will go 10x more, people could be insane! But I'm not afraid to lose this amount.
