These type of markets will jerk you around hard and really mind fuck a person. I'm sure a lot of you are starting to question the future of crypto all together. You start asking yourself questions like, "What is this stuff really worth? Could Bitcoin go to $500 or even $50? Now you might say, "Well it isn't going to go that low."
If Bitcoin goes to $1,000 you might start thinking that it might go to $500. When the sky is falling you start thinking it could just keep getting worse. Then suddenly if we have two good days people start freaking out that they maybe missed out on the "bottom."
It is kind of funny how I keep seeing people's price predictions change as the market goes down. We all do it though. Back in 2014 / 2015 myself and a friend kept saying, "Man if Bitcoin gets down to $250 I'm all in!" Then when it got that low suddenly we were saying, "Man if Bitcoin goes down to $100, I'm going to sell everything and go all in!" Guess what? ..... it never went to $100. I see people doing the same thing now.
No one knows if we are going to have a long tail that last an entire year. That would really suck but could happen. Or maybe we go hockey stick parabolic with some of the alt coins. I mean what the hell has been going on with Factom? I don't even know.
What I bought.
EOS - EOS
ZEC - ZCash
XMR - Monero
No one knows where the bottom is. It is brutal to keep buying like this and I think the markets are mainly reflecting the retail investors having to tap out. The big money is doing over the counter trades that aren't hitting the order books. When does stuff hit the order books? No one really knows.
