Quote from: atrocityx on May 04, 2018, 10:13:22 PM

In my opinion, sentiment, unlike the last two times, is changing. Institutional money is never really interested in catching falling daggers, so they just let coins bleed out without participating at all... noobs from the run-up in December-January who fomo'd switch to full FUD and through despair sent us through a capitulation period. Institutional money then around 250-270 billion market cap started its accumulation phase after the last little bit of 200 day death cross was less severe than expected. Now that the bottom was found, and institutional money propped us up along with experienced people got their bags loaded with their favorite alts, its time for noobs to eventually step back in and really fomo this thing up to previous highs and eventually a market cap above 1 trillion by the end of the year. One thing noobs never really understand is big whales make more money in smaller position trades over letting the market run .. everyone has their role to play.. the institutional money supporting or dumping and not participating, the whales looking for key areas to accumulate and dump to start it over, the smarter older fish who swim with whales as to not get eaten, and the classic noobies who fear missing out and panic. Some of your things like SEC news, Mt Gox, and BitConnect have their role to play in this process, but I think its more of an institutional money creating an opportunity for a swing trade off of this over anyone really being scared.

Quote from: Pumperdumper on May 04, 2018, 08:32:10 PM

May 7th SEC supposed to rule on Ethereum and XRP on whether they are securities (https://www.ethnews.com/sec-cftc-to-discuss-possible-securities-classification-of-ether-other-cryptocurrencies) -> Market effect Huh

??

This, however, is a bit concerning.. but you'll likely know beforehand as the market reacts.. stuff like this will almost certainly be leaked and you'll see people in the know react accordingly. I have a hard time seeing how ETH as a security though... XRP can go to zero.. so I'm not concerned there.

Good points - and thank you for adding to the conversation.

One thing noted this week was Eth strong lead over the top 5 coins amid rumors of the SEC ruling (to me it says it won't put it down as a securities)

One thing that is also weird among this up trend from the market is the low daily volume. Today we're sitting at 27mil compared to 40mil early April when market was 250bn as you said. So we could see this yo-yo effect keep happening if the institutional investors as you mentioned don't buy into the FOMO / FUD and buy at their own price as the market crawls back.