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RE: Bitcoin (BTC) Mid-Day Update: Short & Longer Term Perspectives
I think that Crypto currency (and Crypto assets) will be bouncing all over the place for the next little while. Although I'm just a small-time knucklehead and not to be taken as anything but opinion, I think that the strong Alts will have their almost usual highs and lows, but slowly will raise their bottoms steadily over time. The weak Alts will either fall out of the game or suffer from lots of Pump-and-Dumps so that some select few can make a few buck on them. The 'Big Boys,' such as Bitcoin, Ethereum, etc, will potentially see some huge bounces...and hopefully we will see them reach higher values than they have been as of yet!
My concern is that only BTC is currently benefiting from growth. The current cycle is trending towards a return of a stronger market cap dominance for BTC, this in itself if fine, but the overall market cap for cryptos is simply not growing at a noticeable rate.
New investors are needed to keep a sustainable rate of growth over the levels seen in December.