Crypto turnaround

With some assets like stocks, bonds or real estate it is easier to calculate an underlying (intrinsic) value than with currencies like USD and bitcoin. With the latter two, sentiments like trust play a role in the value setting next to things as the liquidity and broad usage of the coin.

So when do we hit bottom is not so easy to answer. What we can say is that for instance bitcoin last time at the current level was in August 2017 (see below) and everyone who bought bitcoin before this date and did not sell is still in the market to sell the next weeks to either prevent a (larger) loss or to sell and buy back later.

I also assume that everyone who bought crypto for anything lower than 1500 USD did sell when the coin peaked or when the markets went down recently. They still have a considerable profit in this two year period. So the bottom could well be within 1500 and 2400. I bet that the bottom will be reached the next two weeks and then new money will flow back into crypto in 2019 as the 2017 and 2018 winners will try and repeat their trick.

So I am gonna liberate some more cash , store it on coinbase in EUR and keep a look out for the expected bottom or X mas - whatever comes first - and then gonna buy some more crypto. I am not advicing anything to others as for me it is money I can miss.

Goldrooster