Anyone care about this anymore? There is nothing but depression and apathy in the crypto space now, one would think a turn for the better might be coming soon. Buying now, at these levels, is equal to catching a falling knife. I suppose if you’re a true believer — this is one of the levels worth exploring. Problem is, the stake holders in these ICOs are weak and subject to capitulation, worse than what we’ve bore witness to in the equity markets, where regulations tame the indecorous beast. Over in crypto world, men are leveraged out with their credit cards, living out of cardboard boxes, betting it all, just for a better life.
It is truly pathetic.
Total market cap is now ~$300 billion, down more than $500 billion from the highs. That’s real money and criminal organizations around the world might need to pull in the reigns on their discretionary spending in the luxury space as a result.
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Bitcoin chart is a bearish as it gets, right up there with Nikkei 1990 and Nasdaq 2000.
Cryptos have disconnected from stocks. By year end stocks at new highs, Bitcoin somewhere under 5000..at best.
Are you still up at all hours of the night furiously reading the white papers?
Shit, I am doing a post on that now.
Read the prospecti elst be damned.