The marketcap was exploding the last years.
Because the fast growth, I expect the cryptoworld to slow down.
Look at the marketcap the last month/weeks, Its almost a pump and dump system these days.
Instead of people holding on to the coins they have and let the cryptoworld grow healthy, develop further and get more adopted by countries etc.
No, people get scared the moment the market cap gets to high and instant sell with little profit.
If this trend keeps going, I feel the cryptoworld going nowhere the coming 2 years.
This market is very very sensitive, were talking about a big future here.
Yet people want to make quick bucks and keep on pump and dumping.
I have no doubt in the following 4 years, the cryptoworld is at the 500B cap.
We all want to make money, thats why the most of us are investing anyway. But IMAGINE what the coins you own could be worth in 2020?
Yet trading is a good way to make some bucks, and the experienced cryptotraders know what they are doing.
But for the newcomers this is scary, the moment they see the investment they made go down 5% they sell.
Its just repeating itself the last weeks.
My expectations of btc and eth are bright. Btc reaching the 5K mark at 2020. And eth going 1k.
Altcoins are such a gamble, for now they seem like a good way to make huge profits. But I dont see a real way of them getting used in the long future.
In short: Were at the pump and dump routine now, if we want this world to grow, have faith, let newcomers also gain trust in the cryptocurrency, countries will jump on this currenry the moment its truly developed and not some "gambling" market.
1st of August will either have a positive impact or a negative, I cant really give my expectations, cause at this moment the market is unpredictable.
What are you're thoughts? How you feel the market growing this year?
Market is so sentive this moment because of have so many circumstances happening this year, first the segwit hardfork implementation in the market they expand the
blockpath and isolate the headed parts to the body part of the blockchain,thats why the market caps is affected. Second is the unpredictable of ups and down the value price of altcoins the main cause of holding there asset,and until now the bitcoin is not regulated by the government.so this is some of the factors why the market is so sensitive at this time.