Topic: Market Cap (Read 103 times)

Im not trying to be a debbie downer here but if you look at the CMC graph it looks like we are slowly returning to the pre December values.

Since the peak in JAN, each spike it a bit lower than the previous, very much like the rise from DEC 1- Jan 8th.

It grew waaaaayyy tooooo fast and it looks like we are returning to the pre DEC values. What happens then is anyone's guess

I think the crazy December growth was based on hype and FOMO, everyone thought they were going to invest a thousand dollars and get a million back in a month.

If you read most of the posts on here it is almost cult-like delusion.........."we will MOON after the New Year, after the Chinese New Year, after January (always a bad month), after the FUD of regulation wears off, after lightning network, after a fork, after institutional money get pumped in".....and it goes on and on.

It seems rather simple to me, the cryptomarket blew up in December and grew faster than it should have and now it is slowly returning to the slow growth that was happening pre December.

If you look at some of my previous posts, I have become blue in the face trying to get anyone to answer what exactly are we are buying when we buy coins. I get it that we can pay for some things and store value. But buying a coin does nothing to help the developers that made them, increasing their value just makes the network they run more expensive to use.

After reading this forum and others, I have come to the conclusion that this is just high stakes pokemon go. We are collectors. There is nothing wrong with this. The art market it just like this. But ask yourself when I buy a Kyber coin, what can I do with it? How is the incresing value of a kyber [Suspicious link removed]d for the kyber network? You will come to same conclusion that there is not much behind the investment side of these coins.