Hey guys! I have the need to share something with you. If you are new in the cryptocurrency world, it might an eye opening article for you :)
Since I started looking into the cryptocurrency world and acutally stared to do a real money investments into daytrading, buying crypto, mining, I realised what are most of the news in the cryptoworld about.
Its almost always about "something crazy happened and thats why the price went down", or "something crazy happened and thats why the price went up"! its simple as that.... I believe that everybody who is in the crypto currency for at least couple of months is aware of this fact, but it seems that plenty of the new cryptominds who joined us just "lately" are still learning their lessons. For these new ppl is this article and you should learn from it, that its really no needed to share every article about increasing, or decreasing price on this, or that crypto currency if its below 10-15%.
Bit of logic here...
Unless the cryptocurrency is not fundamentally wrong, the prices will go always up from the long-term perspective. Why?... because more and more ppl are trying to get into cryptocurrency, therefore their hardly earned cash is being transfered from FIO to crypto, therfore the price of the main and proven cryptocurrencies has to go up.
Do not mistaken this with a situation, when a cryptocurrency is having something amazing to happen and ppl are selling their other currencies in order to buy this one.
If you would ask me which are my favourite coins, I would say 1. BTC, 2. LTC, 3. DOGE... :)
Your thoughs? :)