I mentioned a couple of days ago (below) that I think there are signs that crypto is in a verified bull market, and a secular one at that! "All boats rise in a rising tide", and the fiat demand is going to overwhelm whatever halfway decent crypto supply there is. We need look no further than the recent "across the board" pump in the entire Altcoin complex. ALL the Alt's saw a pump (or just about). I surmise that was caused by BTC owners selling part of their BTC holdings to the fiat newcomers and then "reinvesting" those realized profits in Altcoins in as diversified way as possible - after all, who knows at this point just who will survive and who won't. It sounds reasonable and plausible. I think the money flow (the order and intensity of the individual rallies, the little we hear in the trade about what people are doing and where interest is increasing, and the very visible advent of USD double figure competitors to BTC, etc.). I'm beginning to think along the lines that
crypto in general is an excellent investment and that the key task at hand is not so much to try and pick the best, rather the priority should be to first isolate and identify the fakes, then the unsound and insecure, and only then start ranking the serious contenders.
Opinions?
Perhaps better as new thread?
I think it's quite obvious to anyone who's been around for a while that there are significant amounts of fiat buying crypto. I personally think it's obvious anyway. What do you think? Is there any data anywhere reflecting the "money flow" into crypto? Do Coinbase and its brethren publish information in this regard? Poloniex? Bittrex? The only thing I can say is that I don't think what we're seeing is just BTC profits "diversifying". And who's on the buy side of those BTC prices that are generating those profits to be diversified in the first place?