Just wondering what your thoughts might be.
I screwed up at Jan. Didn't sell....now down.....sooo much so I'm stuck holding
But I will try to be realistic, and assess trends the best I can.
Google trends is unfortunately, not indicating any revival any time soon if I look at crypto alone. Its just been a long painful downward slope.
However,
There is inverse relationship with Dow Jones at the point of BTC crashing. To me, this means the whales moved their funds over to the stocks/other investments covered by the Dow and left the party.
Question is whether they'll return. My sentiment is yes, because Dow/stock popularity has been declining linearly ever since they dumped all of crypto into the stock market, which is a sign to me that crypto will awaken because they're moving to another asset.
Furthermore, as a very loose observtion, crypto kinda looks like Tron between Dec 12 - Dec 28. Basically, it had an exponential growth, formed a double peak, and was on its way down before it spiked up exponentially.
I hope the total market cap follows this pattern.
I screwed up at Jan. Didn't sell....now down.....sooo much so I'm stuck holding
But I will try to be realistic, and assess trends the best I can.
Google trends is unfortunately, not indicating any revival any time soon if I look at crypto alone. Its just been a long painful downward slope.
However,
There is inverse relationship with Dow Jones at the point of BTC crashing. To me, this means the whales moved their funds over to the stocks/other investments covered by the Dow and left the party.
Question is whether they'll return. My sentiment is yes, because Dow/stock popularity has been declining linearly ever since they dumped all of crypto into the stock market, which is a sign to me that crypto will awaken because they're moving to another asset.
Furthermore, as a very loose observtion, crypto kinda looks like Tron between Dec 12 - Dec 28. Basically, it had an exponential growth, formed a double peak, and was on its way down before it spiked up exponentially.
I hope the total market cap follows this pattern.
Lets see how far it goes.