Wall, i pressed wrong button on site, something about 5k a week , wrap up a short story,i got 5 k in ETh by mistake, my CPA pal told me hang on.No recourse to stop mid trade.hereeeee we go, i also Rcvd a $ 9.90 gift of BTC . Should i buy more at 6k, looks like it aint dropping.
The gains in all of these crypto currencies remain parabolic. The current decine is virtually meaningless when you look at where they all started with gains still at 5000% for bitcoin based on its JAN 2015 low. Crypto has created mulit millionaires all over the world. The moves you are seeing now has been created by the mulit millionaires cashing out.
The bottom line is that the old money is moving out and being converted to US dollars or other stable currencies. Thus, it will take MASSIVE amounts of FRESH CASH FLOW to recreate the parabolic move upward. IMO, that's simply a pipe dream for anyone chasing these currencies. Where is that money going to come from now that the WHALES are taking massive profits? Your neighbor, the guy in accounting and your dog groomer are not going to move the needle.
Putting fresh money into any of these currencies is no different, and probably much worse than gambling on the NFL games this weekend.
I predicted this would end badly. For most, it has not ended badly yet.
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