So I'm speculating on things here, but why not..
I'm viewing this current phase as a clean up of shit coins in the market, many of the useless alts are being killed, but if I look at some of the low value projects which offer a lot they are holding strong in sat value, I think the whole idea of this down shift is to basically weed out the garbage and open the whole market back up again where the good projects will regain momentum.
I'm not sure where this bottom is, but I think $200-250 billion isn't a bad spot if we predict a longer term 800 billion to 1 trillion market, call me optimistic
We are now sitting at 256 billion as I write this thread, in the past I've noticed the market turn once it hits total highs then rebound once it hits total lows, does any one else have this view or a similar one about this being a clean up process? If this is the case, I think looking at total market value could give an indicator of when things may turn again.
I think this is the biggest correction since the beginning of 2018 and the Cryptocurrency market will rebound in May as most other financial markets are in crisis and this has a huge impact on the market. Cryptocurrency. The best advice would be to wait for the market to recover completely to consider buying and holding I'm viewing this current phase as a clean up of shit coins in the market, many of the useless alts are being killed, but if I look at some of the low value projects which offer a lot they are holding strong in sat value, I think the whole idea of this down shift is to basically weed out the garbage and open the whole market back up again where the good projects will regain momentum.
I'm not sure where this bottom is, but I think $200-250 billion isn't a bad spot if we predict a longer term 800 billion to 1 trillion market, call me optimistic
We are now sitting at 256 billion as I write this thread, in the past I've noticed the market turn once it hits total highs then rebound once it hits total lows, does any one else have this view or a similar one about this being a clean up process? If this is the case, I think looking at total market value could give an indicator of when things may turn again.
