Recent Crypto Bloodbath & Long-term Outlook
I’m posting this for the benefit of those watching the recent crypto bloodbath, i.e. the massive drop, decline, and sell-off in the crypto markets over the past couple of weeks (especially Altcoins / tokens).
Be careful what you wish for comes to mind, because I’ve been hoping that the market would crash right before our ICO (so we get the investments at a LOW and then benefit from the eventual rebound). While all technical charts have predicted a near-term rebound, my gut told me that “something” was going to crash the markets before seeing a recovery. Unfortunately, the “reason” that everything is crashing also means that there will be a negative sentiment for investing in an ICO and investors will question whether the upcoming Javvy ICO token really is a security (it is) and whether that will really matter (it should but no guarantees). We have a bit of an uphill battle to overcome but we have significant advantages and the payoff will be well worth it.
It seems that this has come to fruition by way of the SEC putting pressure on exchanges who list Altcoins (calling into question whether ANY tokens will be trade-able in the US soon), CFTC market manipulation investigations, and several other negative news topics hitting all at once.
That said, it is important to keep in mind that crypto is here to stay, and this is the contrarian investors best opportunity to buy. I feel (and hope) that the market will drop even more (BTC around $5k or even $3k and ETH around $250 or less). I just hope that prices STAY LOW until after our ICO completes, because I fully believe (my gut) that the long-term outlook for crypto is very bright. However, tokens that were not released as securities but are treated as such, may not recover. Fortunately, I took the hard path to ensure that our token qualifies as a security; so we have a significant advantage whereby our token should be listed by exchanges eventually (hopefully soon but perhaps after the dust settles).
To put things into perspective, around $500 BILLION was taken out of the crypto markets (Which peaked at $800 BILLION) and that was spread out over hundreds of cryptos and tokens. Now, imagine what will happen when even a fraction of that comes roaring back into the markets across just a few high quality securities, one of which would be Javvy’s token!! :) It will be glorious!
Just hang on and know that “this too, will pass” as crypto is the future of finance and Javvy will lead that change! It will be tough to “call the bottom”, but this market crash is likely to go down in history as the best buying opportunity and lowest point that we will ever see crypto prices reach again!!
Until we meet again, my friends…
Everyone in crypto knows that no truly easy way to buy, sell, and manage all major cryptocurrencies within a simple, secure application exists yet. I have had twelve(12) exchange accounts and seven(7) wallets to do what I need in crypto! It seems hard to believe that nobody has come out with a usable solution in almost a decade, but there are agendas and reasons why that is true. Many have claimed to be working on a solution, but dig deeper and see that they are all vaporware or raised money and never delivered. However, Javvy has a solid, qualified team (we put ourselves out there!) that is pioneering the way forward to deliver the first truly easy solution.
Those who are looking for a solid (e.g. security) to invest in via ICO are welcome to come check out what we’ve been quietly working on for the past nine(9) months! We are about to release our REBRANDING (logo, icon, homepage, overhauled white paper), our official wallet+exchange, and ICO in August 2018!
