We are absolutely in the middle of a huge bubble; when the "reckoning" comes, or so the theory goes, all the shitcoins will be shown to be exactly that and lose their value, leaving only the real deal standing. That being said, you'd think that no one in their right mind would buy into these shitcoins at the present, given the ease with which you can tell them apart from a genuine cryptocurrency.
Anyway, imo the best way to see whether a coin has actual value is whether or not it's being used for something. BTC and Monero are two of the only coins I can think of that are actually used on a regular basis as currency.
Topic: Reasons Coins Are Pumped Now Vs Reasons They Are Not (Read 474 times)
Some people project the total marketcap to be 150 billion before a huge sell-off. If people knew they could create wealth by buying an inexpensive used miner and start mining the more profitable coins, and then trade them without $8 fees, I think that is foreseeable.
We are in a crypto bubble that started last year. Of course, money will flow into alts as many new "investors and speculators" come in. But whenever BTC price rises rapidly, some traders hedge their alts by buying back bitcoins while others chase pumps whenever they are.
The point is this may lasts longer than expected, but we should always stay vigilant. I think this was the bubble many old timers expected last 2014.
But unlike every time, when bitcoin price rises, most of the altcoins dump, this bubble seems to get altcoins standing on a solid ground — they didn't dump hard as usual, instead, they were stagnant (or dipped a little) for a while, then continued to rise again after bitcoin price settled (something I wasn't expecting).The point is this may lasts longer than expected, but we should always stay vigilant. I think this was the bubble many old timers expected last 2014.
Either if it's higher demands for altcoins, or a made bubble, it's a good way to make some profits.
We are in a crypto bubble that started last year. Of course, money will flow into alts as many new "investors and speculators" come in. But whenever BTC price rises rapidly, some traders hedge their alts by buying back bitcoins while others chase pumps whenever they are.
The point is this may lasts longer than expected, but we should always stay vigilant. I think this was the bubble many old timers expected last 2014.
The point is this may lasts longer than expected, but we should always stay vigilant. I think this was the bubble many old timers expected last 2014.
It's still hard to tell if coins are pumped right now or if this is just a natural growth of people wanting a better way to do things.
What are your ideas?
What are your ideas?
i just look for the technical analys for all cryptocurrency,,
if they are going down,, just find the best buy zone on support level,,
usually this will be good entry to buy,, and when its happend on touch the overbought area,, that is the perfect setup to buy with larger amount
but sometimes when bitcoin price being crazy, all analys become useless,,
just like a 2 days ago,, altcoin is bleeding
thats my idea and strategy to know, when we must buy and when we must sell
regards
It's still hard to tell if coins are pumped right now or if this is just a natural growth of people wanting a better way to do things.
What are your ideas?
What are your ideas?
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