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RE: Cryptocurrencies Market Overview - February 06, 2018

in #cryptocurrency7 years ago (edited)

I warned people this was going to happen. If your looking at the market from a point of view that is outside of having crypto wealth already. It was clear that the market came to a sharp spike. Media coverage with already inflated prices mixed with the introduction of crypto into wall street, all came in a very short time frame. This trifecta of catalyst's forced it to spike hard. Then people started to understand there is not this real need for crypto in the market place as of yet. Yes some may be handy to have and make some transactions easy. But as a whole its far to much, without the infrastructure in place to give cryptos a simple and easy usability for day to day purchases, when honestly the U.S. dollar is so much better for all uses. At least right now. Dont be fooled by what you want, but step back and take a look at it from a usefulness point of view. Stick to just a few coins, BTC, Steem, Ripple. and just the others that have a function they serve well, or have many outlets in which to spend your coin. I'm still waiting for a coin with real assets to back up a coin. Steem has a platform, and so does EOS so i like them. But its still a matter of what price do i like them at. Also i would like to note these coins should have a anti-correlation with the US dollar. Moving in the opposite direction in the market place. (for the most part). BTC will still end up around 10,000...and Steem around $3-4, Ripple at 35-50 cents.