Needing More Casual Traders
From my limited knowledge, and in My worthless Opinion, we need more people to learn how to trade successfully
Last year Bitcoin spiked to $20000
Most were left holding
Am of the opinion, that this is part of the reason why volumes are so low
Most invested or gambling on crypto don t know how to use indexes to read the market to trade
So once the market dropped quickly from the $20000 spike, many were left holding and hopping for more
Many of those are FOMO investors, are now showing a loss due to when they entered the market, and where the prices are right now
(Need to write a post about my crypto entry)
The old hands, older then 1year, are all smiling, as even if they are still holding, they are still way way ahead and also no reason to sell
As more and more sell, to cut their losses and run, and as more Bitcoin is mined, then maybe volumes will start to increase
Don't get me wrong, am hoping that Bitcoin and Alts moon, and that 2018 is the year of mass adoption, am also realistic enough that it might not happen
After the 2014 spike, it took till 2017 for the market to spike again
Yes the market has grown since, and things are happening quicker, we might still be in for a waiting period
One thing that I have learned in my limited life with crypto, is that most news around crypto is BS
This is not financial advice in anyway
Just simply my ramblings, based on the limited info available to me