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RE: Bitcoin: Expect the Unexpected 3 [New Bull cycle about to start]
I have seen the argument that the February drop to $6k was already the retest of $6k from the November drop. Anyone have thoughts on that? I don’t know enough to make a judgment.
Don't try to justify every market move. Most of the times is purely noise and weak hands doing random buys/sells. Fundamentals are stronger than in december so crypto will rise again.
If central banks start holding crypto.... we're talking about a 3-5 TRillion market cap. Bright future ahead!
Well said. But, I believe we are likely to see $10T market cap by end of 2019. The institutional money will start coming in this year and that means, hedge funds, pensions, endowments and family offices. Then we will have dozens of ETF created starting this year that allow the average person to buy instead of going through all the pain we have to endure directly investing in cryptocurrencies. That means retirement accounts will be able to be invested. My newsletter guaranteed 10x for our portfolio in 2018. The future is bright and I can't wait to see it develop.
Me neither, and in November I was just starting in the crypto world.