In this article I will talk about another aspect of technical analysis, it relates to market size and confidence issues.
After 2017's rapid growth, 2018 saw a decline in the value of Cryptocurency. Price from 20k to 5k7 (the last bottom) and still no signal to confirm up to 20k again. So where does the market go? comment below for discussion.
I will give some opinions on the future of the market for reference. First of all in market size, at the beginning, I often hear people talk about the Cryto market is small, but I think you almost do not have a specific number to compare. So today I will calculate some calculations for you to see more clearly:
BTC currently has 17.231.412 BTC have been found (CMC's data), equivalent to capitalization is 114.491.544.671 USD. However, the last 24h volume was only 475.817 BTC (CMC's data), meaning that the total number of BTC's buy and sell transactions is just over 475k BTC has decided the price of more than 17 billion BTC
But actually the number of BTC traded on the flatform (trading on the Flatform decides the price of BTC) is smaller than that.According to my calculations, the number of transaction BTC is not more than 1/10 volume, so the actual number of BTC through the market does not exceed 48k BTC, this number may be many times lower. That means just pouring money to pump 48k BTC from 6k3 to 6k5 and we have total capitalization rising to several billion dollars. Now you know how small this market is. The Atlcoin is similar.
The next is about the issue of belief, where belief comes from. Our belief comes from the small size of the market, the lower the price, the smaller the market size, small scale leading to the weakening of liquidity => people have a alot of money left the market, So where will the market go? The market will dead, dead BTC, dead trader, dead holder, miner dead, the machine company of miner is die, ... Everything in lost, game over
What happen when market still alive?, the shark also wants to earn more money => expand the market size by injecting money into the BTC => higher liquidity => more small fish join to market => can earn money more and more
And the application of the BTC and Alt?, I do not trust. Technology is always changing every day, if tomorrow announced the development of Bitcoinplus, the BTC will be delist. I am a pragmatist, only trust in interests, the shark is the same: "money is the most impotant, others are not important." I believe in the shark still has money, still want to people' blood, the market is still a viable tool of the shark.
So what is the strategy now? Put some money you can afford to hold BTC or Alt Top 1. If the market dies you lose an acceptable investment amount, if the market still alive in will have a good amount of money change your car,buy the new house, made your children have a better life,.v.v Why not?
Why do not you keep the sh*t coin, because sh*t coin has no value at all, can be delist at any time. HOLD ONLY WHEN THE MARKET GROW U, THIS IS AN ADVICE FOR YOURSELF.
This post are only personal opinions.
This article uses the data of CMC.
I hope you find it useful. Give me 1 like to support me to write the next post.
Follow me for the next post
Thanks.
After 2017's rapid growth, 2018 saw a decline in the value of Cryptocurency. Price from 20k to 5k7 (the last bottom) and still no signal to confirm up to 20k again. So where does the market go? comment below for discussion.
I will give some opinions on the future of the market for reference. First of all in market size, at the beginning, I often hear people talk about the Cryto market is small, but I think you almost do not have a specific number to compare. So today I will calculate some calculations for you to see more clearly:
BTC currently has 17.231.412 BTC have been found (CMC's data), equivalent to capitalization is 114.491.544.671 USD. However, the last 24h volume was only 475.817 BTC (CMC's data), meaning that the total number of BTC's buy and sell transactions is just over 475k BTC has decided the price of more than 17 billion BTC
But actually the number of BTC traded on the flatform (trading on the Flatform decides the price of BTC) is smaller than that.According to my calculations, the number of transaction BTC is not more than 1/10 volume, so the actual number of BTC through the market does not exceed 48k BTC, this number may be many times lower. That means just pouring money to pump 48k BTC from 6k3 to 6k5 and we have total capitalization rising to several billion dollars. Now you know how small this market is. The Atlcoin is similar.
The next is about the issue of belief, where belief comes from. Our belief comes from the small size of the market, the lower the price, the smaller the market size, small scale leading to the weakening of liquidity => people have a alot of money left the market, So where will the market go? The market will dead, dead BTC, dead trader, dead holder, miner dead, the machine company of miner is die, ... Everything in lost, game over
What happen when market still alive?, the shark also wants to earn more money => expand the market size by injecting money into the BTC => higher liquidity => more small fish join to market => can earn money more and more
And the application of the BTC and Alt?, I do not trust. Technology is always changing every day, if tomorrow announced the development of Bitcoinplus, the BTC will be delist. I am a pragmatist, only trust in interests, the shark is the same: "money is the most impotant, others are not important." I believe in the shark still has money, still want to people' blood, the market is still a viable tool of the shark.
So what is the strategy now? Put some money you can afford to hold BTC or Alt Top 1. If the market dies you lose an acceptable investment amount, if the market still alive in will have a good amount of money change your car,buy the new house, made your children have a better life,.v.v Why not?
Why do not you keep the sh*t coin, because sh*t coin has no value at all, can be delist at any time. HOLD ONLY WHEN THE MARKET GROW U, THIS IS AN ADVICE FOR YOURSELF.
This post are only personal opinions.
This article uses the data of CMC.
I hope you find it useful. Give me 1 like to support me to write the next post.
Follow me for the next post
Thanks.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.