The cryptocurrency market is crashig! Get out now! … so they say!
Ladies and gentlepeople, this is the biggest opportunity to get in on the ‘almost’ ground floor.
We all know Bitcoin took off, as well as many other altcoins. This market is still brand spanking new though.
As you go through this analysis, I want you to take a look at the doncian channel. We are nowhere near the lows that are needed to call this a bear market.
The fundamentals are predicting one of the most bullish markets we have ever seen and the media is crying, “Sell sell, sell!” Warren Buffett once said, “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
Others are fearful right now so would this mean it is time to get in? I would think so. But why?
I have spent the past 2 months studying this cryptocurrency phenominon and I am also putting my reputation on the line, after 10 years of trading. Why am I doing this?… because I feel so strongly about the new world and I am extremely confident that this market will just frikken rocket one day.
It may not be this week. It may not be this month. Heck, it may not even be this year. I am looking for the long term bullish movement of this market.
Hundred of hours have been spent researching and there are a few fundamentals I would like to touch on. First, what is a fundamental? According to investopedia, here is the definition https://www.investopedia.com/terms/f/fundamentalanalysis.asp?lgl=rira-layout
We all know that there is a fundamental shift in thinking, among investors. Up until now, investors were these big fat dudes in suits that attempted to rob everyday people of their money. NOT ANY MORE! WE HAVE HAD ENOUGH!
Everyday people are taking control of their own money, to the tune of Eight Hundred Billion Dollars!!! Yep, you read that correct, the cryptocurrency markets are getting ready to cross that magical $1 Tillion Market cap and when this happens, Ballgame over!
When this market reaches $1 tillion invested, Wall street and CNBC wll know that there is validity here. Too many people believe in this thing for it to falter, at this point.
Yes, we will still have wide swings of up or down by 30% in a single day. This is becasue this market is so new. Later on, when everyone jumps on board, these wild market swings will get less and less.
Dont believe me? Just take a look at the stock market back in 1929. In august price was 5,422 and fell all the way to 776 in June of 1932. check out the chart here: http://www.macrotrends.net/1319/dow-jones-100-year-historical-chart
Between September of that year and October, price fell by more than half! MORE THAN HALF!
We had a crash, yes, then rocovered to the tune of 25,000 (as of today). The cryptocurrency market will play out just like history, if history repeats itself.
As the large players would have it, the beginning is always brutal for some and makes others mega rich. We are seeing the same exact thing happeneing right now. History IS repeating.
Look at the DOT COM bubble. Look at the housing crash in 2008. Look at black friday. Our markets have recovered from EVERY SINGLE CRASH IN HISTORY. This is no different.
We are on the cusp of a brand new world! if you would like more info, read these few articles and have your eyes opened.
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