Re: Why are so many investors optimistic that the market cap will hit trillion?
Why are so many investors optimistic that the market cap will hit trillion this year?
I don't understand. Theres just no new money or dumb money flowing in cryptocurrency like it did in late 2017. FUD is causing so many people to pull out. Many of them may not ever put money back in due to constant fear and worry.
Until you hear crypto talk taking over your company parties again like it did in December, we wont reach that big of a market cap anytime soon. Please wake up.
Yesterday we have bounced back from 280 billion to 310 billion in a matter of hours. It does not mean that there were 30 billion of new money entering the market, but it shows that the overall market cap could be easily manipulated. The majority of those who experience fud right now will fomo in the future if we ever get close to previous ATH's. There are loads of non-educated people here looking for a quick buck (many people think Ripple at 0.68 is 12500 times less expensive than BTC at 8200 and they think there is a huge potential - this is the stupid money you are talking about). In the end of 2013 I thought than I am late, everyone was talking about crypto back then - oh boy I was wrong. There is a big probability that you are wrong now too.I don't understand. Theres just no new money or dumb money flowing in cryptocurrency like it did in late 2017. FUD is causing so many people to pull out. Many of them may not ever put money back in due to constant fear and worry.
Until you hear crypto talk taking over your company parties again like it did in December, we wont reach that big of a market cap anytime soon. Please wake up.