Tell Your Mum That Cryptos Aren’t Dead
How good was July for your wallet guys? Now the main question on everyone’s mind is, are we at the beginning of a renewal or at the end of a simple rebound?
This third market rebound was good! After February and April, it is the month of July that leaves us with a sweet taste in mouth.
The most patient of us are being rewarded and hell, that feels good!
But are we at the beginning of a renewal or at the end of a simple rebound? It’s still hard to say, but the days ahead will give us the path for the next few weeks.
Since March, cryptocurrency news websites often talk about institutions, regulations, reasons that could sign a market reversal.
In fact, the news have been positive for several months now … so why so hard to regain growth?
What does your mum say?
For many, “crypto” has become a dirty word.
Everyone who was proud to talk about their good investment with the world in December and January quickly realized that, in order to avoid endless conversations about why they stay in the sector despite a market plunge, it was better not to talk about it.
“It’s dangerous…”
“It’s over, isn’t it?”
“You should withdraw your money before losing everything!”.
But these phrases said with full conviction by the very people who want the best for us are actually a positive sign for a market.
A positive sign for the market?
One of the main reasons that cause the market to stagnate is psychological : a lot of people have left the crypto market because they lost money in the January dump due to a lack of market knowledge, the others are afraid to enter the market because they think that the “hype” is over.
Two reasons why the lack of buzz is a positive sign for the market :
- The market is becoming professional. Projects evolve and are increasingly marketed. Companies are developing to be equally active in the sector. The institutions are all looking into the issue. The blockchain and the cryptos are very far from being dead and all the actors of the field will confirm it to you: we are still at the very beginning of a revolution.
- Prices are interesting. “Buy when there’s blood in the streets”. You all know this famous Rothschild quote — experienced traders know it. The prices are still low, so it’s still possible to buy at a very interesting price.
And as much as “crypto” does not make the buzz anymore, it evacuates Mr. Anybody from the market and leaves the actors who are really interested by the technology, by the developments and by the potential of the future that offers us this “discovery”.
So, let them keep on telling us it’s the end. They will discover it soon enough: it was only the beginning.
Benjamin Duval
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