mortezaemzajerdi

TOTAL: A Bearish Market on the Way?

Short
CRYPTOCAP:TOTAL   Crypto Total Market Cap, $
True fundamentals:
1. China all of a sudden left the market like what they did the last two times. The demand is going to sharply cut on one hand and on the other hand mining decreases also for a while meaning that the supply is going to decrease as well. Right? But, just how long the supply side is going to be affected by their exit? It will not take a very long time for others to replace it. The mining rate curve forecast?! I do not know!

2. Many countries are planning for their own national digital currencies like 60 -65 different countries. Right?

3. Previously, politicians & governors had no idea about it. Now they have sneaked into it truly badly. Regulatory bodies & taxation systems. Pay your taxes of cryptos dudes! The honey moon is over!

4. Many are also learning that not all cryptos provide an actual solution or they add no value and have no virtue! Yes! I said the same some 10 months ago "IT IS A SERIOUS JOKE!" The failure cases with cryptos are abundant. They have firstly made you confused and finally you start to realize that not only slapped you on the face but also have kicked your ass as well! This exemplification seems offensive but it represents the depth of a massive ponzi scheme since the very beginning. Some of them not even meeting their previous peaks from 2017 so far.

5. Will they perish?! Of course not! The mostly applied ones with utilizations will continue to live and grow. But, many more are going to just play around a certain range for quite a long period of time.

True Technicals:

- Please check on the Price Chart again. Patterns are proving the news and events.
This is not a financial advice. We share to learn.
Thanks for reading.
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