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RE: Trading Silver and Gold back into Crypto
Ya we keep having these amazing buy in opportunities but at some point you need some selling opportunities as well. I wish you luck into moving into higher risk adventures.
I’m really hoping governments start playing more nicely with cryptocurrency once they start noticing the positives it could have on local economies. At very least not standing in the way of progression or even out right banning it.
It has been a sad year for the most part. Just continual decline - opposite of last years constant upwards move which was making everyone happy. But, compared to last year - the value is still higher than everything up to Nov...
I'm just glad I did a nice crypto sell in late Feb. and just last month that altcoin pump alongside BTC was quite nice to say the least. Plus, this ICO craze is still very lucrative.
As for Governments - U.S.A. needs to get there shit together and be more open to alternative technology.
I'm just hoping we don't have years of decline. I fear that will give central banks and "others" full control over majority of the supply. I have often wonder how much of there buying power to make up for being so wrong on cryptocurrency is keeping the price where it is.
I also would like cryptocurrency to get there stuff more together as well. Transaction fees for the leading coins need to be reasonable enough that merchants will just cover the cost like they do with standard credit or debit and other forms of payment. The average consumer is not use to having to deal directly with such payment fees. Even more so with how much BTC is currently.
I've not looked into I think it was lighting network or other ways of trying reduce the costs. That also makes me a bit fearful of the decentralization aspect vanishing as people try and control transaction fee costs.
Yeah, as much as we can hope, my intuition is telling me that this market is very very familiar to how everything looked in 2014 and 2015.
The run up from $100 - $1k, then the 1.5 years of decline until it bottomed at $200.
Back then things were much different tho… So who knows.
The transaction fees are rediculous! That is one major problem preventing mainstream adoption.
But then again - Bitcoin and the entire market is so young and premature - Expecting perfection for the mainstream means "dumbing down and Easy use", which as you can clearly see, we are not there yet.
I still remain very bullish for crypto's. So much innovation and advancement has happened since I joined and the price reflects this - I can definitely see once some better and clear gov't regulation come into play - new breakthroughs will put crypto on the fast track to worldly adoption. And I will be cashing in the whole time ;)