I am not a scientist, but the trend and the chart is very clear. This is my very first chart, go easy on me :)
Blockchain is the greatest thing since the inception of the internet, but remember FOMO will make you lose your precious and hard earned money. Wait, learn and invest! Within the next 2-3 years, there will be unforeseen events in the traditional markets, and combined with the technology adoption - I can easily see the price rising to the target in the chart.
when it comes to ta, it looks quite good what u did there but circumstances are totally different today so looking on a chart history which has totally different fundamentals behind it, doesn't make much sense at all.
with the world wide highest economy instances like the WEF (World Economy Forum) talk about that this technic came to stay, and the actual faster and faster ongoing progress in regulations and the technic itself.
ofc, everything develops with increased speed - which must cause faster market development aswell. the market right now starts slowly to be behind the development in real - so we can guess what that will cause in near time. additionally, there have been signs indicating the next big financial crises. there is a high probability that it will happen soon. this may give the market an extra push because cryptos will be a lot better than gold as a save haven (they can be used to pay bills). first payment solution projects like crypterium will bring mainstream adoption in easily!
constructive critism is allways welcome :)
SpotTheBreakout
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@SchultzeTrades, 100% with you on where we are going! This was my first TA post, so appreciate the positive feedback. As far as the future goes, we both don't know that - unless you are hiding some secrets from us :) I truly think the large institutions will buy it, but like all of us - they will buy it the cheapest.
We will be seeing some interesting times over the next 2 years, I am super excited!
SchultzeTrades
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@subodhmbahl, there are no secrets i'am just an information technology expert and economist - when it comes to evolution than no one can stop it. this is an technical evolution which is happening. right now we do drive with breaks on. but the growth will happen exponential, same as web 1.0 happened and 2.0 happened. THIS IS 3.0!
about the institutional investors, we cant forget that a product has costs, if we talk about bitcoin there are mining costs. i have a feeling that institutional investors will be smart enough to NOT kill bitcoin before they made money with it.
SpotTheBreakout
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@SchultzeTrades, Agreed, and for now BTC is the king, no matter how slow the transactions are, and if the tech is old.
I work in tech myself, this evolution will take time, but when it does become mainstream - it will be the biggest tech boom this world has ever seen. I was too young when the internet boom happened, but it feels like once in a lifetime opportunity to see this happening in front of my eyes. Some people will make a lot of money, and a lot of them will lose quite a bit - in the end a smart brain, a smart investor and those that wait for the right opportunity will win.
Regardless, gotta love the trolls that call Blockchain a scam.
SchultzeTrades
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@subodhmbahl, the mainstream adoption has already started, i can pay my energy bill with bitcoin if i want to. the streets are there, earlier or later people will start to drive on them. the media is a big problem since they throw lots of half knowledge at the "stupid" mainstream without doing any decent research in front. even people at high positions talk nonsense about this technic, before they look deep enough into it. But all they do on the long run is blaming themselves. they act like horses which cant view to the left and right, no horizont at all. while others drive strategies to slow down things to have enough time to prepare themselves to take part from the beginning on (facebook and their trollbann, was such a joke to be honest). blaming bitcoin for money laundering which actually can be traced really deep on the blockchain itself is pure nonsense aswell, i mean how they trace fiat after it went in circulation!? oh well they cant at all!
SchultzeTrades
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@SchultzeTrades, btw, we shouldn't allways just talk about "blockchain" since there are more technologies than that to realize the principal of dlt. its quite missleading to reduce multiple technics on "blockchain" they aren't all blockchains :)
thekingjayd
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volume makes a difference in a judgement of historics though, look at the volume difference are you confident this new volume will roll out the same way it did with no volume?
SpotTheBreakout
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@thekingjayd, Thanks for the comment; I am hoping the ETFs get approved sometime early next year and not anytime soon. Each market is a cycle, and there is always a calm before the storm! The traditional market is at it's peak right now, and when it corrects, you will see a heavy decline in volume follow through to the crypto market. I am no one to predict the future, but with my limited knowledge of where we are heading, I believe the history will repeat itself.
I could be completely off here, but that's why we all do our own research.
with the world wide highest economy instances like the WEF (World Economy Forum) talk about that this technic came to stay, and the actual faster and faster ongoing progress in regulations and the technic itself.
ofc, everything develops with increased speed - which must cause faster market development aswell. the market right now starts slowly to be behind the development in real - so we can guess what that will cause in near time. additionally, there have been signs indicating the next big financial crises. there is a high probability that it will happen soon. this may give the market an extra push because cryptos will be a lot better than gold as a save haven (they can be used to pay bills). first payment solution projects like crypterium will bring mainstream adoption in easily!
constructive critism is allways welcome :)