Made new video on crypto bear market, also discussing Byteball, please retweet or share on your FB or fav groups & enjoy
https://twitter.com/marcdemesel/status/1029394102851383296https://www.youtube.com/watch?v=mW0VweskNm8Summary: Now that crypto market cap has dropped to $190 Billion and reached the trendline of Trololo that currently stands at $200 billion (not $180B as mentioned in video), we can say crypto is fairly valued. Some coins dropped a lot like Byteball ($50, -95%), but Bitcoin still at $6k (-70%).
Target for this bear however is -90% undervaluation to trendline in about 1 year as you can see in my last Trololo video (link below). In meantime trendline will likely go up to $400 billion, so $100 billion as final low seems likely, cutting bitcoin again in half and most other coins in 3 or 4 from here. But since this is not that much lower and another year to go, a strong rebound is certainly possible before the real bear starts. Going below 5k could start the real bear leading to the final low of $3k but be careful for possible strong rebound first to say $12k.
Links:
Growth rates users in Crypto:
https://www.youtube.com/watch?v=caYy8pafFeY&t=923sGreat crypto bear channel iTradeCrypto from Kevin Svenson:
https://www.youtube.com/channel/UCVTbGN6Hzi4sSAz1bKHiDiQhttps://twitter.com/KevinSvenson_My last Trololo video:
https://www.youtube.com/watch?v=MvQzjyhtjRg&tTroiolo trendline calculator:
https://bitcointalk.org/index.php?topic=2000218.msg30510563#msg30510563Compare amount of transactions on Bitcoin vs ETH, BCH, XMR,and many more:
https://bitinfocharts.com/comparison/transactions-btc-eth-bch-xmr.html#log