Total Market Cap to bounce back from 600 or 426 Billion $?
As per my last post on over all markets, where i had already suggested and told to sell crypto and sit on cash and only invest very little in new coins if you want, we can see its crashing. But i feel we might be near the end, because according to my analysis, if it breaks 590 Billion U$D market cap, i can go to 426 Billion U$D, but i highly dought.
Currently the best thing to do is invest 30% of the savings, and sit on 70% cash. The only reason it can crash even further and go to 426 Billion U$D countries like china and korea closing exchanges. If this continues, there will be further break down. However, sooner or later, the world will accept cryptos, this is just a gimmick to scare everyone, so the elites can enter.
I feel that all this is happening because the governments and many left out powerful billionaires want to get into this business. In my recent post where i mentioned that India's richest man "Mukesh Ambani" is getting his own crypto currency, i feel alot of rich elites have now realised it, that this is the future and would want to get into blockchain crypto.
Crashes are the best time to get into any financial or commodity markets. Remember that.
So dont panic and wait for the apportunity, crypto will take over stock markets sooner or later. Who ever is following me knows that at the peak i had suggested to get out from crypto, the reason is, no matter what the markets, the sentiments stays the same. When everyone is getting in, its the best time to getout and wait for the opportunity.
If you like my post, do not forget to comment, upvote and resteem.. :)
Follow me: veerall
Some of my best posts
- https://steemit.com/crypto/@veerall/investing-in-new-cryptos-with-only-100usd-for-100x
- https://steemit.com/crypto/@veerall/crypto-crash-and-future-2018-2019-using-some-common-sense-and-in-a-simple-way
- https://steemit.com/life/@veerall/what-if-i-told-you-1-hollywood-doest-predict-but-knows-our-future
- https://steemit.com/money/@veerall/the-history-of-money-from-food-to-crypto-and-the-greed
- https://steemit.com/cryptocurrency/@veerall/mad-max-situation-what-about-the-cryptocurrency-valuations-when-the-dollar-collapses-global-meltdown-metals
- https://steemit.com/life/@veerall/how-to-never-get-depressed-or-feel-lonely-or-sucidal-the-secret-to-bliss-without-pills
- https://steemit.com/religious/@veerall/jainism-a-religion-based-on-science-commonsense-and-nonviolence-part-i
You think a lot like me. I see challenge where people see risk and I see risk where everybody sees opportunity. Search for an upcoming trend and adopt early. Leave when the mass follows you there.
so true.. have been into markets since 2005, had once lost everything. Learnt alot after that.
Shake hands my friend. It happened to me exactly the same way: From 16.000 to 84.000 in a few months and back to 23.000 in a week. That was 22 years ago so calculate the inflation on that. With my age of 23 back then it was a small house in the country I live in. Could have payed for it in cash!
And I totaly agree with you. I've been yelling for days by now to everybody on haejin's posts. Get the hell out of coins NOW! When Bitcoin goes down from $ 14.000,-- to $ 10.907,-- in only 20 hours it's not telling you his story. It's telling you to GET THE HELL OUT OF THERE.
Cryptocurrency will come back, that's for sure. Only the timelaps is the big 64 milion dollar question.
p.s.: Keep a big eye open on High Performance Blockchain. Their coins in circulation is 46 milion for the coming year. (I calculated their whitepaper) It will place them around 94 - 95 on CMC. Only on the market for 8 days. The Asian version of EOS with an improved technique and already with a contract of NEO in their pocket.
I'll come back onto it when it's $ 97,-- Kabooooooeeeeeeeeeem
thanks for the tip bro.. i too had a look at it, and its there on my list.. i feel the markets might stay here for a while, im certain though it will reach 430-420 billion $ market cap. but its a good time to invest little bit on good coins.. :)
Just be patient and step aside to watch it coming all over us. In a bearish market you can be to late to get out. In a bulish one it's never to late to jump on the riding train................except for the fomo. Since we have the experience now on cryptocurrency I expect to be ahead on a lot of people by now.
I just checked some of my posts and already started 5 days ago on warning people to get out of this bearish market. Must say I've impressed myself, so today I'm gonna buy some nice flowers at the market.............paying with fiat!
Hey Veerall.
I loved your post and wanted to add my thoughts for everyone to hear.
I agree with you saying invest 30% of savings, however for different people in different circumstances I want to remind you only to invest what you are willing to lose.
Anyway, I want people also to note that Alt-coins move with the BTC price, and you have to look at market fundamentals of BTC.
If you look at the graph, you see a lot of support at the 10.5k level where we were sitting around for a lot of the day today. If we break below this support levels, expect alts to bleed more as they make a move downward with BTC as it moves to the 9k level. Again don't rush and sell after hearing this advice, basically what I'm saying is he who is patient and stays focused will see the most opportunity in crypto. Thanks again for your thoughts.
yup, its a waiting game..
This is so true
thank you..
Things are gonna be better
My point 9.) just became reality:
9.) Lendingprogrammes like Bitconnect is just impossible. You can't give someone $ 9.000,-- and get $ 17.000,-- back. It's a Ponzi Scheme. And when Bitconnect falls it's gonna take a lot of trust with it.
Wish Granted!
0.2 sbd transformed to $.66 upvote
Gratitude for @earthnation alliance
Lila-wish-genie service terms