Does anyone know CPR? We need a defibrillator over here! Someone please call emergency medical services. This is a bloodbath!
The cryptocurrency apocalypse is upon us.
I've been tracking the trends in the market by analyzing charts, listening to the community and its subcultures. There's a lot of fear, uncertainty, and doubt being spread around and rightfully so.
Here are some notable mentions:
- Most major currencies began their record setting bullish run in May 2017.
- They hit their peak in the first two weeks of June 2017.
- The past few weekends have been bearish seeing larger declines in price.
- $40 billion has left the overall marketplace since June 2017.
- Bitcoin's percentage of market share grows as the market cap gets smaller.
- The August 1st deadline for changes to Bitcoin is an underlying factor.
Here's what I think is going to happen:
- Major currencies will continue weekly declines leading up to August 1st.
- Bitcoin's percentage of market share will continue to grow.
- The marketplace will continue to see declines in its overall market cap.
- Most major currencies will revert close to their price from the beginning of May 2017.
- The market will stabilize around the middle of August.
- Bitcoin will continue its long-term rise in price leading into 2018.
What I am going to do:
- Continue to analyze data, and listen to the community and its subcultures.
- Keep fiat currency in reserve to be able to purchase major currencies at a "discount".
- Frequent Steemit.com because this platform is so awesome!
I sincerely appreciate all the upvotes, replies, and resteems of previous posts!
Your support has been overwhelming and priceless!
THANK YOU!
Image sources: www.skidmore.edu, www.6iee.com
GIF(s) source: www.giphy.com
Disclaimer:
I am not a financial advisor so please invest at your own risk. I am not sponsored, endorsed, or otherwise compensated in any fashion by these sources, however I am a humble Steemian who wishes to bring forth quality content in order to add value to our community.
STEEM ON
~prep4shtf