Post by joecat1108 on Nov 22, 2017 13:29:30 GMT -6
Current price action, future of crypto life ECT ect ect whatcha think?!?! - My humble opinion - Until the wallets are released, we have found a hard bottom, like a pebble bouncing along it has hit the .03 range and bounced now we a skipping along with 12 hour bounces at this price. For how long before a dip or raise? I suspect when the CME ( Chicago Mercantile Exchange, essentially wall street in Chicago) releases their futures contracts on bitcoin sometime in the next few weeks we will See a big spike in bitcoin itself while all other alt coins drop. Shortly there after within a couple days of the spike and dip those who made profits will be flooding into alt coins causing a tsunami up. This will cause 10s of thousands of people to jump in the crypto pool causing stabilization at the new highs and forward the cycle will continue. It is my belief that through the design of crypto currency the price of a coin can ONLY go up ONLY if the coin in question has faith in it behind it due to the nature of decimals. 1 coin can be fractionalized endlessly meaning there is no limit to how many people can buy in which means no limit to the price, more in more value, simple math really.
