Crypto Will See Multi-Trillion Dollar Market Caps (Elliott Wave)
It appears that we are finally ending the forecasted consolidation phase on Bitcoin -0.13% , and we should be beginning our ascent to over 100k by the end of next year. This is supported by the symmetrical Neely-Elliott Wave count, and various other indicators such as bullish momentum divergences. The fundamentals are extremely strong and the news has been improving significantly in recent months, and is likely only going to get better over the next year as we transition into mainstream adoption.
My favorite cryptocurrencies are: TRX 4.62% , XRP, XLM 3.57% , ADA , BNB, and NANO -0.65% . Based on the samples taken from last year, these were the best performing cryptocurrencies on a percentage basis, out of the majority of top cryptocurrencies. Also based on my projections, they will likely have the best returns, and could be several orders of magnitude more profitable than BTC -0.13% and other cryptocurrencies.
We are only a few years away from cryptocurrency completely overtaking fiat currency. Nobody will use inflationary currencies anymore when they can use deflationary currencies. The benefits of deflation for currency users is very clear. Inflationary currencies lose value, deflationary gain value. That should be enough to tell you how they are fundamentally different. One currency you are forced to spend immediately or be penalized (by losing your value to price inflation ). The other you are forced to save or be penalized (by not reaping the huge value of price deflation). Once people begin to understand the benefits of deflation vs. inflation for the average currency user/saver, and also the benefits of digital currency vs. paper currency, there will be very few that will actually want to use fiat, because the benefits are very heavily weighted in one direction for the large majority of people, towards the deflationary digital currency.
It's just a matter of getting business to begin accepting and paying their employees in cryptocurrency. This will be difficult at first, because businesses benefit heavily from inflationary currency, as people are forced to spend or invest their inflationary currency immediately or lose value over time, but eventually when inflationary currencies begin to fail due to central mismanagement, businesses will have no choice but to switch to more stable deflationary currencies. This will be the tipping point in which cryptocurrencies become the main form of currency, and we will likely never go back to centrally managed government fiat currency. This will lead to a complete rearrangement of the global economy from an inflation based economy to a deflation based economy. The benefits of this will include, but are not limited to, less wealth concentration at the top, and higher quality of life for the majority of people.
Also all of the Tether/BitFinex FUD is unwarranted, and their capitalization is solid. There's no reasonable mechanism through which they could have went insolvent. The hack has been fully paid back and, for the most part, they've had fairly consistent withdraws. There's been a few hiccups when they lose their banking partners, but they have always been resolved, and none of their funds have been seized or frozen by any authorities. Tether holds 102% USD in reserves according to their balance sheet . Prices will eventually equalize when arbitrage money has had time to move around and people start to regain faith in BFX/Tether.
My favorite cryptocurrencies are: TRX 4.62% , XRP, XLM 3.57% , ADA , BNB, and NANO -0.65% . Based on the samples taken from last year, these were the best performing cryptocurrencies on a percentage basis, out of the majority of top cryptocurrencies. Also based on my projections, they will likely have the best returns, and could be several orders of magnitude more profitable than BTC -0.13% and other cryptocurrencies.
We are only a few years away from cryptocurrency completely overtaking fiat currency. Nobody will use inflationary currencies anymore when they can use deflationary currencies. The benefits of deflation for currency users is very clear. Inflationary currencies lose value, deflationary gain value. That should be enough to tell you how they are fundamentally different. One currency you are forced to spend immediately or be penalized (by losing your value to price inflation ). The other you are forced to save or be penalized (by not reaping the huge value of price deflation). Once people begin to understand the benefits of deflation vs. inflation for the average currency user/saver, and also the benefits of digital currency vs. paper currency, there will be very few that will actually want to use fiat, because the benefits are very heavily weighted in one direction for the large majority of people, towards the deflationary digital currency.
It's just a matter of getting business to begin accepting and paying their employees in cryptocurrency. This will be difficult at first, because businesses benefit heavily from inflationary currency, as people are forced to spend or invest their inflationary currency immediately or lose value over time, but eventually when inflationary currencies begin to fail due to central mismanagement, businesses will have no choice but to switch to more stable deflationary currencies. This will be the tipping point in which cryptocurrencies become the main form of currency, and we will likely never go back to centrally managed government fiat currency. This will lead to a complete rearrangement of the global economy from an inflation based economy to a deflation based economy. The benefits of this will include, but are not limited to, less wealth concentration at the top, and higher quality of life for the majority of people.
Also all of the Tether/BitFinex FUD is unwarranted, and their capitalization is solid. There's no reasonable mechanism through which they could have went insolvent. The hack has been fully paid back and, for the most part, they've had fairly consistent withdraws. There's been a few hiccups when they lose their banking partners, but they have always been resolved, and none of their funds have been seized or frozen by any authorities. Tether holds 102% USD in reserves according to their balance sheet . Prices will eventually equalize when arbitrage money has had time to move around and people start to regain faith in BFX/Tether.
⚠️LIKE AND FOLLOW⚠️
Remember to check here for updates posted semi-daily.