Looks like the market came to a standstill, a lot of coins are going horizontal without significant value gains or losses. Ofcoures some of them actually had a good run like Litecoin, Dash and now AntShares is booming. But for most of them nothing happened over the last few days. Now this brings up the question what we can expect for the next few days, and the answer is... no one knows!
From this point on there are basically 3 options.
Option 1: They will keep going horizontal, delaying option 2 or option 3.
Option 2: The value of the overall marketcap will shoot up as a result of a rocket like move in most of the coins. Resulting in a pot of gold for all those holding coins.
Option 3: Panic starts to take place, leading to the end of this insane bullrun. Causing huge losses for people that are holding crypto's.
Which one will it be?
I believe that first of all we will stick with option 1. After that long horizontal move i think that we will see another boom and go for option 2! Because if we look at the past, a severe correction almost never happens after a horizontal move. Corrections always come after a big leap upwards. This is why i believe that we will see an increase in the value of most of the crypto's. We can see this as kind of a platform that the market is making, a good solid ground so that it has a basis to lauch the rocket from.
And if this will happen, coins like Bitcoin, Ethereum, NEM, Bitshares and stratis are very likely to be leaders of the pack. All those coins had a similar horizontal move to the one we see in the total market cap. So those coins are also building a platform to launch from on individual level.
I'll keep it a short post for today. PLEASE let me know what you think about this post, I read all comments! Let me know if you found any value in my advice, or if you think that I should go back to just posting photo’s. Upvote and follow for more post, resteems are highly appreciated!
I am NOT a financial advisor, this is just my thoughts on the recent movements in the market. So if you’re looking to invest, please do some research yourself and I’m not responsible for any losses that you might make.
PS: English is not my main language, so sorry for any mistakes
As long as the hashing and the transactions continue, the market is going to keep trending generally upward. The next big move for cryptos is making them user friendly. The current interface for cryptos make them seem more like stocks than actual currencies
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I totally agree with you, but also the fact that most crypto's are still so volatile makes it less desirable to people who want to use it as currency.
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I say option 2. Could still go sideways for the next day. i think we will see a decent bit of movement at this Friday.
Keep your eye on Sia, BTS and PIVX
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I agree with you in general. Any specific reasons why you pick out those coins?
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Nah, market still looks bullish...market cap is growing steadily..we need correction like that, everything was going too fast...this is all good and healthy stuff
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That is true, and that's why i think it will keep going up for the near future!
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