I have seen the crypto market for last 1 year and the last 6 months are not so good for BTC and Alts.
The total market cap is going down and price of BTC is pumping and dumping again and again.
What should we do now hold or take a exit and wait for more drop ?
The total market cap is going down and price of BTC is pumping and dumping again and again.
What should we do now hold or take a exit and wait for more drop ?
That's the problem with you guys. You just spend less than 2 years and you got lucky you didn't enter around 2013-2014 specially right after the Mt. Gox heist wherein the price plummeted for not just a few months, but for years. Now I want you to go and check this: (https://coinmarketcap.com/historical/20170813/). That's last year snapshot of bitcoin's price, as you can see its $4000. Now, check the current price, you see the difference? We are still on the positive year-to-year. So I really don't get why you keep on complaining about the price. I'm sure that you wanted to see the price goes up, new all-time-high. But this is a speculative market, the price can go up/down anytime. If you are bothered by this, then I think its better if you exit.
This is the problem with these dumbass hero and legendary dickheads - ignorant idiots of highest orders acting like some fkn financial whizz. Most of you fucktards are dumb millennials who don't know jack about Economics 101 and who were in their diapers when the dot com bubble went bust in early 2000s.
If you want to act like some smart financial whizz - first learn what kind of numbers mean anything and learn how to interpret them. Instead of quoting BTC price from way back, you need to look at market caps from back then and compare it with where the markets are now. That's you how gauge market health, you fkn twerps.
Back in 08/2017, total market cap was a measly ~115B. In early January 2018, it reached around 800B - about 85% increase. Today MC hovers around 195B, a whopping 75% MC got wiped out. Do you understand what that means? this is called game over, you dumb fuckwits!
I had correctly called back in early Jan about the impending collapse of the bubble when all you dumb millennials were falling over each other "predicting" continued growth and screaming moon in your dreams. I had said at that time, by mimd '18 most coins would be worthless PoS rolling in dust - look around what's happening today? All those "promising" coins even the ones which now have supposedly working products associated including Verge, Iota, Dent, Denta on & on & on, they're all eating dust now.
All you dumb morons desperately & naively waiting for yet another "moon-ride" LOL
ain't happening. Who's got the money to invest? Everyone of you greedy fucks who jumped in at ATH are now sitting in deep red with nothing but useless crap in your hands while brainlessly chanting the mantra "HODL". Investment and making money through investment is not about being braindead zombies - it's about being able to read and beat the markets, knowing when to show your hands, make profits while you still can and bail out.Go read about the dot com bubble crash of 2000s to educate yourself first.
From hereon, only a handful of top tier coins will retain some relevance and survive - but DO NOT expect another gold rush you fkn idiots.