The market needs another week to confirm all the fundamental factors.
After a week, we will see a flat move.
Short Term:
-All the major advertising platforms have begun to ban crypto.
-If a company can't advertise itself, it's hard to drive attention from investors/ new money
-Investors start cashing out to play swing trades
-Crypto companies start cashing out to maintain the business value.
-Who's going to pay the operational expenses?
-Crypto's security still needs more improvement.
-"Daily News": Being Hacked/Being Scammed
Long Term:
-The optimize turning point would be Aug 2018, based on historical movement.
-Companies like "BAT" will become the solution for crypto advertising.
-The BlockChain is the future. Currently drops is similar to how Facebook/Google's stock price performed years ago.
As a result:
-HOLD
-No need to fear of the current price drop, it takes time to make money.
-If you are not in, wait until This Aug.
After a week, we will see a flat move.
Short Term:
-All the major advertising platforms have begun to ban crypto.
-If a company can't advertise itself, it's hard to drive attention from investors/ new money
-Investors start cashing out to play swing trades
-Crypto companies start cashing out to maintain the business value.
-Who's going to pay the operational expenses?
-Crypto's security still needs more improvement.
-"Daily News": Being Hacked/Being Scammed
Long Term:
-The optimize turning point would be Aug 2018, based on historical movement.
-Companies like "BAT" will become the solution for crypto advertising.
-The BlockChain is the future. Currently drops is similar to how Facebook/Google's stock price performed years ago.
As a result:
-HOLD
-No need to fear of the current price drop, it takes time to make money.
-If you are not in, wait until This Aug.