That is the total amount of “investor’s” capital that has been eroded since January 6th in cryptocurencies.
January 6th 2018 market capitalization = $795,832,000,000
April 1st 2018 market capitalization = $254,250,000,000
Total capital erosion = $541,582,000,000
#The time to buy is when there’s blood in the streets. - Baron Rothschild
I see blood everywhere. The ground is painted red.
what coins would you suggest?
Capitulation will trully set in by June. No new money entering the market, not hyped mainstream news. Only a handful of coins will survive this winter. Don’t forget the white walker Mt. Gox whale will be dumping again in September.
That being said am buying slowly until a confirmed uptrend is noted and the fomo sets in.
How do you confirm an uptrend? That is the main exam here
IMHO an uptrend will be preceded by slow organic growth after a long period (6months to 1 year)of sideways movement, TA and traditional market analysis hold no water since 99% if I investors are speculative of a X times bump in price in a period of months. The only hope for crypto growth in the short term is institutional investment in working products which will capture the mainstream markets attention and bring back the ‘gamblers’ who will again get dumped on by those reaching their target sell price.
In 5 years crypto will be a multi trillion USD collosus. My advice is to research on a good project, buy and be patient.
Chanua a brother when time comes.
I timed the market perfectly. Hebu cheki hii thread, April ikianza. Instincts msee.
If you invested in any coin ungekuwa more than 100% up.