I don't know about you, but I'm used to a lot more news from the crypto land. The last few days (let's say, the entire last week) were surprisingly silent.
If you leave apart the cohort of new, "revolutionary" ICOs popping up like popcorn on a Friday night, and the usual bashing between Bitcoin Core and Bitcoin Cash, there's not much going on.
The prices have been hovering around the same values for about 10 days now and there's not a lot of movement in the market. If you compare the trading activity of the last few weeks with what we had during December last year, you'll suddenly feel like watching a silent movie after seeing Jumanji, the 3d version.
So, what's going on?
Is it that the market is saturated right now? And by saturation I mean a mix of regulatory pressure, overwhelming media FUD and the disappointment of not seeing 10x returns anymore.
From a certain point of view, it looks like this.
But from another point of view, it looks like something is bound to happen. I don't know what and I have no reasonable way to explain the foundation for this conclusion (because there isn't one, obviously) but I feel like a turn is about to happen in the markets.
I am also very aware that this may be just a personal filter that I'm putting between "me" and "reality" and, in fact, everything is going great.
But just out of curiosity: do you have the same feeling?
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |
It does seem as if things have quietened down a little.
But here is the interesting thing...... if the big boys are now openly getting involved in crypto you can bet they will start pumping it. And not for a quick profit and then flee - they can do that anonymously.
no, they will buy into the game low - not just coins, but the infrastructure around trading the coins - i.e. the people who made the real money during the gold rush years were those selling shovels.
Then they will start promoting alt coins and their value so more and more people start trading in them. They get to make money on the trades and on consulting fees.
That puts them in a no lose situation.
I've said it many times, but it is worth repeating, 2018 will be a big year for crypto.
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Well, Goldman Sach's FUDded enough to get them in on Polo for half price.
I'm sure JP Morgan is figuring out their next move.
The banks basically see that the FUD can only last so long if they want to profit.
But, my gut told everyone that this month would be dull and that we would see something more interesting come March. So, hold on to your hats, the in like a lion!!
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this is in the news out like an hour ago: https://www.marketwatch.com/story/bitcoin-and-ether-are-both-bubbles-says-goldman-investment-chief-2018-02-27 as usual putting down BTC
In other words, crypto is doing good.. :)
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Trying their best to FUD, since most people don't know about the Circle buying Poloniex deal.
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Please Let it be a good month because I want to invest on bit coin.
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Don't limit yourself to BitCoin, there are other coins that will rise faster.
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Yeap, there are a lot of promising altcoins!
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I have no idea what will happen, but agree we will eventually see 1 of 2 things. A drop off a cliff or a rocket to the moon.
My feeling is that we will need to see a BTC run before new money comes on to start a season of alts increasing in value. I'm trying to set-up my portfolio to be ok for either scenario.
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I don't have a reason either, but ask yourself this. Do you feel BTC is a stable currency?
See!! Something is going to happen. Hopefully it's a good something.
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Yeah it seem a storm is imminent as crypto world never stays quite so long. All it will take is something/news to trigger the storm. I have a feel, may be some big news from Ripple camp...
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Yeah silent times these days. Since you are comparing ICOs with pop-corn and you have mentioned Jumanji, can I guess that you just went to cinema?
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Something like that :)
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Since I don't know for sure who should I ask about this who can same time answer me, do you know if hardfork 20 has been implemented?
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I have been noticing that also, I think mainstream banks and other financial institutions also governments are planning an all out assault on cryptos, I see a lot of financial companies saying they won't be allowing investments in crypto using their channels.
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depinde ce fel de furtuna, poate fi una in care sa distruga tot sau una care sa faca sa creasca tot:)
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I think the market is oversaturated with cryptocurrencies. I've heard a lot are failing now.
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Which is okay, exactly for the reason you mentioned.
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The trick is determining the ones that will stick around and be successful. I like bitcoin and steem for sure. I'm not sure which other ones will thrive. Maybe Litecoin and maybe Ripple?
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I really hope for the sake of you, me, Dragos and everyone here that Ripple won't.
Anyway, there is no "trick" involved, so isn't any way to determine it in the long run. E.g. BCH doesn't seem to disappear, even though it totally should, while Decentraland MANA is still struggling to stay within the top100.
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It seems like the banks were involved with ripple to help it stick but I'm not sure.
By "trick" I meant skill and maybe some luck. It never hurts to be lucky. lol I signed up for the free Manna coin. I think that is different but I'm not sure.
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I think it is a bit of saturation. Especially for us here with Steem nothing exciting has happened with the prices really for the most part too.
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Well now there's a 14BTC sell wall for STEEM on Bittrex right now, so that price is going nowhere for now.
Something's got to give - Full moon on Friday!
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I honestly hope this is the case right now because I am not happy with the silence. I have been asking and no one is answering. Let's see how things pan out anyways.
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Yes, silence before the storm, but It is not known when the storm is coming, it might be soon or a few months and the storm will probably change crypto, it will not be the same patterns of the last years after the storm.
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I think the crypto currency market is showing some signs of fatigue. looks like it needs some rest. People have recently panic sold a lot of their portfolio. They will not easily come back. It will take some fresh people to invest in the market to pick up the sales again. I think it will take some time. May be it would take a month. I think we should take this opportunity to increase our portfolio before the next storm comes.
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I guess the market trend of red even after Chinese New Year has begun has made people to refrain from speculations and so on.
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You got that right ,there is no movement right, i thought i was the only one in awe ,last year december up to the beginning of the year was at like 8usd ,and now its at a stand still fluctuating around the same price ranges .im watching it though ,which i know now that i am not the only one paying attention 😄,noce post will def give my up and follow.
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seems like everythings been asleep... including steemit, i'd like to see more innovation ASAP !! ... time waits for no platform !!
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Even the price of SBD has been hovering around average, go down let's buy, it will not go down. Oya go up let's sell the one we have, it won't.
Well, tomorrow is 28th and there are rumours about good things about to happen in China , the home of crypto on that day . I have a feeling that this will bring the surge we need.
But even if the China rumour turns out to be false, next tomorrow is March and that will be a brand new month. New months usually come with BRAND NEW blessings. What d'yall think 😃😃
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You Always Comes With Unique Articles.Thanks for Sharing.
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Sir its my honor to see and feel your post. you are just great sir. your all content i should to read it. Thanks for share such a great post. have a great day sir!
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It could be silent before storm,As Russia looks positive in lending support to El Petro and small states are coming in support in dealing cryptos,hope world will start accepting this one by one.
Little drops in pipeline makes a ocean
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thanks bro this is a good think
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I'm confused despite reading numerous articles on this topic. Even Chinese year is now passed. So much happening and so are the interpretations.
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Great post sir.
And also informative .
Thanks for the post sir @dragosroua
Waiting for the next post .
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A prolonged bullish trend is what I'm looking in next two weeks.
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great one crypto inform....
keep it up...
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You made a very good post about crypto. I am very happy to read it, and waiting for your next post. Thanks.
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I just made a post about this very thing on Bitcoin. it feels like we're setting up for a surprise in the next few weeks for a big wave 3.
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Yes, BTC goes past 15K soon is what I strongly feel right now.
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Personally I feel like people are slowly cashing out as fast as their exchanges are allowing them, we're going to get big news of a collapsed large exchange soon (some small ones have been illiquid/scammed customers), many coins will go to 0, we'll experience a temporary bear but then a huge resurgence in fiat pricing of the strongest coins when real banks start to collapse when the irl financial system starts to become illiquid. And that will seriously piss off a lot of governments and the coins with the best privacy features will see huge upticks as people attempt to safeguard their money during the crash.
Many governments might be forced to issue new currencies and let people cash in their old currencies at huge discounts if they fail spectacularly at staying solvent when debt becomes harder to obtain. Some governments might continue down the path of high inflation which will of course lead to hyperinflation, which is simply the result of a shift in perception as people start to dump their currencies as fast as they get them.
But that's just me.
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Something's definitely about to happen. I am simply waiting on the runway for this plane to take off.
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I think all currencies are now acting stocks trading in market sometime it's at par or below can't say anything about it .
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there are even countries that have taken the cryptocurrency to stabilize the economy, if that were to turn out I think it would make an impressive leap in the world economy, you just have to see how far it flies
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Yup that's for the first time even i think this is very calm otherwise everyday something big news but looks like its calm before the big storm
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Jumanji, the 3d version ,great movie..!!!!!
everything will going on by the god...
so i must trust in god..
@upvoted @resteem
otherwise
party stand on..huhhh!!!
LOL
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Lol the last days have not been fun at all, but we wait for better times. When they do not come we will have to be happy where it gets us. I think it means I feel the same :-)
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Looks like the jumanji effect in bitcoin too hhahah
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great one post.....
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