For two years the rule was working: when the BTC grows, the altkoks fall. Those who followed the situation know that over the past years and months, a 2% increase in BTC resulted in a 25% decrease in the Alcoccans and "bloody snot" on Polo.
However, now the situation has changed so much that the altokkans stopped reacting to the movements of the BTC price in this way.
On the contrary, against the backdrop of a sharp increase in BTC, altkoks, in most cases, behave relatively stably and recover quickly after the initial excitement. This indicates that the Altokemins gained incredible strength and lost their former dependence on the BTC. Which, in turn, brings us to the pattern of the Golden Age, which I will discuss in this article
Let's first take a look at the current total market capitalization of the Crypto-currency. CoinMarketCap is an excellent source of this information, I recommend regularly checking this chart to get more information about the market, especially when the price chart expresses uncertainty.
The graphs and the total market capitalization, and market capitalization of the Altokemon, seem to be ready to draw a parabola. At the moment, the trend produces a fairly irreversible impression - one can expect, from strength, several corrections, if any, to occur.
If we add to this picture a graph of Google Trends for the word "cryptocurrency", then we will see another parabola:
Definitely, interest in crypto-currencies is growing. Because this is a movement of mass consciousness, it is almost impossible to reverse it. On the contrary, everyone - consciously or not - is waiting for an excuse for the interest in crypto-currencies to gain a critical mass.
In social dynamics,Critical mass is the number of followers of innovation in the social system, sufficient to ensure that the speed of innovation is supported independently and ensures future growth without requiring additional resources. - Wiki
Although there is no exact understanding of how many percent is needed to type such a critical mass, obviously,
That crypto-currencies will enter this stage already soon enough, possibly, with the growth of interest and presence in the media. As soon as this happens, the distribution of crypto currency will no longer stop. And in my opinion, right now the price charts go from the lower levels forever.
If we look at the market from an investor's point of view,
Still remain relatively unexplored territory. I believe that on a global scale, we are still in the phase of changing the phase of the pioneers to the phase of early followers. To tell the truth, on a scale of the whole population of the Earth practically nobody simply does not pay attention to crypto-currencies. In the eyes of most people, they remain somehow,
Something strange phenomenon, far from the real life of people. Only a few, having heard for the first time about crypto-currencies, will spend time learning more about them, not to mention getting them. Individuals and businesses want to take their place in the cryptographic industry before it's too late.
We already have early followers in the person of Microsoft, IBM, large banks engaged in research, experimentation, testing and expansion of their blocking products as preparation for the early majority phase. Thus, in the last bear market, we observe a transition from the phase of the pioneers to the phase of early followers,
Which in the next two years will pass into the phase of the early majority.
At the same time, another shift occurs. After three years of bear market in altokkunah, today we are witnessing the historical reversal of the main trend after the retest of the breakdown level of the very first rally. And this means that we are dealing with a change in the direction of the trend in an excellent context: higher highs,
Higher lows for insanely large volumes. BTC ponds at this stage do not have a lasting effect on the Altkoks, only short-term sales, which immediately recoup as soon as the situation calms down.
Last July we observed a trial pampa for almost all the Altkoks,
Again tested the level of breakdown. During the current rally, the price will go beyond the range of recent years and will never return to it. Therefore, in the medium term, I not only expect the historical maxima to be updated for almost all the Altkoks, but I see that right now there is a transition from unbelief to hope.
This means that, with respect to the full market cycle, we are at the beginning, not at the end.
Over the past year, many new traders have entered the crypto currency. Many of them have almost no experience of trading, so they grew in the bear market and in the trading range in which the rule "buy cheap, sell expensive". However, we went beyond the trading range and are in the bull market,
And the laws of trade on it work somewhat differently. I am convinced that long-term retention will ultimately bring the greatest profit, unless you trade like God and know exactly what you are doing.
Most traders can not say this, but they burn their future prosperity in short-term deals,
Based on emotional unconscious decision-making. This is a losing strategy. If you do not have much experience in trading in these markets, I would recommend that you invest in the most promising coins (of course, personal research and evaluation is necessary),
Allow the bull market to play out and show patience with profit taking. Just hold. In the long term, patient retention will be more profitable - remember this. The reason that Warren Buffett acquired his insane wealth for his life is that he followed this strategy: seeing the potential,
He bought cheaply and under no circumstances sold.
In my personal assessment, we are in the process of transition between phases of disbelief and hope, followed by a phase of full-fledged hope with higher highs on the daily charts. If you are already in this market,
Then you have an excellent opportunity to buy early on in the formation of the trend, before the price goes higher to never return to this level. This is a unique opportunity for all of us.
We are at the right time, in the right place and do the right thing. We must realize this.
So we have the opportunity to make effective decisions for the formation of our own investment strategy. Do your own research, determine which coins you will prefer to retain for 5 years or more, until the crypto currency is not spread around the world. Create a portfolio in the very long term.
Now is not the time to enter into short-term deals with a small profit. Today you need to finally decide which coins you will hold during the biggest rally of all time. Choose wisely.
Remember that BTC was created in 2008-2009. It was almost ten years ago. The average age of the market of altokamines is only two or three years,
And for most coins is much smaller. This means that the market as a whole lags behind the BTC for about five years. We are at the very beginning of the rally, this is comparable to the lower levels of BTC prices between 2011-2013. If you had a chance to buy BTC for less than $ 10, would you do it? Many have missed this opportunity,
But right now we have a second chance. Let's take a look at a few examples:
This is the XRP chart for all time. It clearly shows that prices tested the level of support at the breakdown point, after which we observed the first higher maximum for a long time. Look at the amount of purchase. This is exactly what you want to see when you turn the main trend at the support level.
Peercoin - one of the oldest crypto-currencies that successfully participated in the pampas in 2013 along with Lightkoyn, Namecoin, Feathercoin and other coins. Pay attention to the volume, which comes immediately after the breakdown of the trend line. This is a historic and very important level, as it indicates a reversal of the main trend.
The last such example is NXT. This is exactly what you want to see if you expect the formation of a support level on the chart. High volumes on the rising rally. Interest in altokamn recently more than ever, and many smart investors are now busy collecting their portfolio at the lowest possible prices.
Age NXT - just over a year. Imagine buying Bitcoin in 2010, and you will understand what opportunities are opening up in front of the Altokon market in the long term.
Most traders make the mistake of accepting the current range as the only existing one.
They forget about the existence of unexplored territory above the border of the current range, where the price can grow by 100 or even 1000 times. For the sake of your own future, set aside time and think about it. Study prospective coins with chances of acceptance in the real world, make a portfolio for the long term. Hold it.
In the end, if we take into account that the average age of the market of altkoks is two or three years, then, in comparison with the BTC price schedule for all time, we are now somewhere here:
Exactly. We are at a stage so early that those fluctuations in the price schedule, which we see today, in 5+ years will simply be indistinguishable. Crypto-currencies are at the very beginning of their development and, no matter for what reason, but you are now in this market. All that matters is that,
That you are here and have the opportunity to observe the formation of the largest bubble in the history of mankind. You must have already noted my craving for dramatic effects. However, I really believe in it, and therefore I sincerely share with you my thoughts.
Those who have not yet left the phase of disbelief in the approaching rally,
Who does not see the real potential for crypto currency in the future, I suggest to think about this:
The entire world financial system is a bubble that has no foundation. The system can continue to work only through globalization, which, in fact, is an extension.
This process has natural limitations: nothing can grow forever without repeating the previous stages. We live in a world built on the idea of globalization. I am sure that you too feel the limits of this idea in your daily work, working more, getting less for it and not doing your tasks at the request of the company,
Which is trying to save money. This idea has a natural limit and we approached it already very close. Not to mention the fact that our financial system produces more debts than the money needed to pay them off. This is a vicious circle, and in the current situation there is no other solution than to create a new system.
This is what is happening now: the emergence of an entirely new system based on block-technology.
But what will happen to the already accumulated debts? They will be transferred to the new system. In the end, this means that the "crypto bubble" will be the last bubble necessary to create a "
So that the world financial system extended as long as possible. After that there will be only three "bubbles": gold, silver and water. But let's hope that this business is far enough distant future.
The only thing that matters is that,
That financial markets are on the verge of global collapse and the only way to avoid it is to use crypto currency to hedge this risk. If phiatic money can be created from the air by a private organization (yes, this is what the federal reserve system is - a private organization),
Then they represent the biggest fraud in the history of mankind. They cost exactly as much as the paper on which they are printed. Only people and their trust create the impression that this money has real value. The history of fiat currencies will end at the moment when a critical mass of people realize this.
Crypto-currencies will become an asset of the first choice for hedging the risks of this collapse, along with gold and silver, the value of which is artificially constrained by the securities markets. Especially strongly, if we compare the price of silver to gold with historical averages, silver is undervalued -
That its volumes come to an end and the entire industry depends on it, since silver is necessary for the production of technology.
In my understanding, we are likely to witness the largest shift in the accumulated state in the history of mankind. The old system is weak, its demise is near, and a new system will arise from its ashes.
Whether good or bad is a controversial issue, but all people on this planet have a wonderful opportunity to benefit from this tectonic shift, and whether you use it or not depends on you.
So, I expect that, in the long run, both BTC and alcotnens will simultaneously continue parabolic growth.
The pattern changes from "BTC up -> Altokiny down" to "BTC up -> Altkowns up". It will take some time, but in the end it will be a fait accompli. Thus, investing in the market of altkoks in the long term is extremely profitable. This is what I call the "Golden Age of Crypto-Currency" - the global hip,
Pushing the price of all crypto assets up to an incredible level, accompanied by the collapse of the traditional financial system or not. The only question is whether you will take advantage of the opportunity at your disposal or not. You have one attempt.
Since you, one way or another, are already inside this industry, probably,
You have a personal plan. Stick to your plan. Think for the long term. Keep your crypto assets.
I would like to say a few words about the forthcoming transition to the phase of hope:
After BTC on the daily chart confirmed the long-term uptrend, we observed a lot of false movements and traps along the way
. Have you gone through these falls by 30% in just a few hours? Or did you panic sell $ 100 in hopes of buying cheaper then, and waking up the next morning, ascertained a 150% increase from yesterday's levels? So you probably would never have reached the top at $ 1,090.
Emotional stability will be the most important personal quality in the upcoming rally. I expect MAD volatility and all possible kinds of false movements and traps. Try not to fall into the trap and not fly out of the greatest rally of all time. Stick to your plan. KEEP THE SELECTED ASSETS.
For clarity,
I will share with you my current forecasts of price levels for several crypto-currencies:
LTC 100+ dollars before the end of the year
ETC 100+ dollars before the end of the year
XRP 1 dollar for two years
This is without taking into account the possible collapse of the global financial system. If it happens, do not pay attention to my predictions.
And one more consideration about XRP for 1 dollar. This system was created for banks and they, apparently, will use it. Banks have the ability to create money literally from the air. If they are the largest holders of XRP assets, then with the help of fraudulent fiat money they can pump up its value to insane levels.
Do you think that the forecast of XRP for $ 1 is unrealistic? Please think about it again.
With all my heart, I wish you to make the right decisions. Define a strategy for yourself. Be patient. Do not fall into the trap and do not fly out of the market. KEEP your crypto assets, and then I will be calm for your financial future in five years.
I wish you success and good luck. We all need it to survive on this rally and make the most out of it.
May the Force be with you!
source info & images:
http://happycoin.club/zolotoy-vek-kriptovalyut/
https://en.wikipedia.org/wiki/Cryptocurrency