QUICK!! Which coin will bounce back first?!!!!

in steemit •  8 years ago 

Turf-Course-Start-TB-2014-b6fb28e915.pngJust playing a little game...

Whose it going to be?

I'm going to say Ethereum, but maybe the whales are going to fuck around first...so I'm thinking it could be Augur or Digibyte....I know Steem will recover, just not sure that it will go first...

tick, tick, tick....time will tell.......

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Great question: Ethereum is a solid guess, since it is (ideologically and as a platform) backed up by large entities. However I'd say, that first coin to bounce back will most probably be Bitcoin. BTC itself is a solid indicator of crypto market mood. Check charts and see, that BTC long term gain (we are talking in months) does fuel rest of crypto market. Be it cross-sell, speculation, moving assets around and so. BTC rise is followed by other altcoins and vice versa. The only exception to this are cases of low short (days) term dips, where money just circulates among various cryptos. This can be spotted by total market cap not really changing. It is not so this time. So I'd say first will be BTC, then others.

Warning: this is not a trading advice and I am not taking any responsibility for your loss :)

haha...no need for the disclaimer...
I agree with your assessment, though a bit conservative.
I wondering which will have the most dramatic comeback, really...haha...PVIX, Steem are looking ripe, as well as Ripple...we'll see, though

Thanks for the response!!!
Following you and voting!

Urocoin :-)

I'm a coin? haha