How We Can Turn The Crypto Markets Around
Today I respond to Suppoman's latest video and suggest how we turn the market around. Check out the launch offer for my new course The Master Cryptocurrency Trader at: https://www.cryptoversity.com/courses/the-master-cryptocurrency-trader/
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Suppo's video
If you want to stabilize the market and return some sense on legitimacy, get rid of the margin trading in crypto. Those large dumps on Bitfinex are nothing more than margin traders/whales being forced to liquidated their positions.
The reality is that prices were ahead of themselves late 2017 and early 2018. We are experiencing a reversion to mean which is normal in asset pricing cycles, particularly when it is new, disruptive technology. Amazon and Apple did not stop innovating when the dotcom bubble popped and blasted their valuations. Today they are the most valuable companies in the world. Netflix, Facebook and Google were all born AFTER the bubble given the continued innovation in the internet technology after the devaluations. We are still early in the cycle for blockchain which will revolutionize industries all over the world in the coming years. Patience is an important trait for committed investors in any innovative industry.
Oh wow... I got 1.13min into suppoman's video and wanted to punch him in the face so bad... I couldn't last until he got to any actual content. What a freaking tool.
I much prefer your well reasoned approach, Chris. At least you don't start your videos by singing too often... I did hear that one where you did. :P
I got about four seconds in. You're a stronger man than me.
Hey Chris, great video.
The challenge I have is that when I explain the benefits of EOS, I am accused of being a fanboy and pushed aside. The general population still do not fully understand the potential of what the crypto industry will deliver. 9 out of 10 people I speak to still see crypto as a 'virtual' currency and do not understand the different verticals in play.
I am still very positive about crypto because of EOS and the community as it truly promises to deliver a new way to interact with the blockchain in my opinion. I have been in crypto for some time and these peaks and valleys are par for the course.
Once EOS launches and the dApps deliver (Chintai, HireVibes), I feel the sentiment will turn around.
Pretty funny actually from Suppo I think he is right the hype has gone out of the space and isn't really exciting to talk about apart from maybe EOS although I do think anything under $8000 for btc is an interesting price especially if you do monthly cost averaging.
Boring market is good aslong as things get built quitely in the background in fact if you like the technology it's probably the best thing for it I'd rather the dev's be developing than watching coinmarketcap all day.
Amazon and Apple did not stop innovating when the dotcom bubble popped and blasted their valuations. Today they are the most valuable companies in the world. Netflix, Facebook and Google were all born AFTER the bubble given the continued innovation in the internet technology after the devaluations.
bitcoin and steem are down this time,but we all know in the future it will bounce back really high!
Great work sir @marketingmonk
very nice
We need a U turn in the crypto market.
I think some of these prices went to far ahead last year that the effect this period.
Nevertheless it's definitely going to increase again. No doubt.
If you have funds I advice you to invest wisely now because the prices are going to pump high soon
https://steemit.com/crypto/@stephenthorburn/crypto-bombshell-cryptocurrency-s-dirty-little-secret