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The Golden Age of Cryptocurrency

from Cryptolyoda:

It has been a great week, thank you very much for all the support. I feel this way is making a difference. I am busy working on closing Chapter #1, and opening Chapter #2 which will be moving to a more efficient and organized platform, creating opportunity for the whole group to grow and expand financially. The Inner Circle will be my main priority of focus in the next months. But stay tuned, will release further information later in the day.

Today I will be writing an article about the current market condition as I feel many traders are confused about the pattern change that we are witnessing currently.

For two years the given rule was when BTC rises, ALTS tend to collapse. Who ever followed during the last years and months, a 2% BTC move resulted in -25% ALTS, aka bloodbath on Polo. However that has changed to a degree that ALTS do no longer respect BTC’s up moves in the same manner. Instead, ALTS tend to hold relatively strongly against BTC spikes and reverse quickly back up after the initial excitement has settled. This shows incredible strength of ALTS, and lost of respect towards BTC. Which in turn brings us closer to the pattern of the Golden Age, which I will elaborating on in this article.

Lets first have a look at the current Total Market Capitalization. Coinmarketcap is a great source for that, I definitely suggest checking the chart regularly to get more clues about the market, especially if charts display uncertainty.

1

Both Total Market Cap and Combined Altcoin Market Cap seem to enter parabolic mode. At this point the trend is rather unstoppable, only few corrections are to be expected at that point, if at all. 2If we now include Google Trends for the word „Cryptocurrency“ we see another parabolic curve:

3.png

Interest in crypto is definitely rising. As this is a collective consciousness movement, it is almost impossible to drop. Instead what everybody is waiting for (consciously or unconsciously), is to trigger the critical mass:

In social dynamics, critical mass is a sufficient number of adopters of an innovation in a social system so that the rate of adoption becomes self-sustaining and creates further growth. – wiki

Although its a debated topic how much % we need to trigger that critical mass, it is clearly foreseeable that crypto will enter that stage some time in the near future, probably along with rising interest and media coverage. Once this thing gets started, it will be unstoppable. And the way I see it, we are right now in the process of leaving bottoms for good.

If we observe the market from an investors perspective, cryptocurrency is still a relatively unchartered territory. I believe in a macro scale we are still in shift Innovator Phase to Early Adopters. In honesty, if you take the global population as a whole, no one bats an eye on cryptocurrencies. It is yet an odd phenomenon, only few people will research after hearing about first, not to mention buy any. Individuals and businesses alike want to get a foot into crypto before it heads off. We already do have Early Adopters like Microsoft, IBM, Big Banks, being busy researching, experimenting, testing and expanding their blockchain products as a preparation for the Early Majority Phase. We therefore are witnessing the shift from Innovators to Early Adopters during the last bear market, which will transform into the Early Majority within the next two years.

5

There is another shift that is taking place at the same time. After three years of bear market in ALTS, we are now witnessing a historic Major Trend Reversal after retesting the breakout point of the very first rally. Which means we have a Trend Reversal in highly excellent context, Higher Highs, Higher Lows on insanely high volume. BTC’s pumps have no longterm effect on ALTS at this stage, only shortterm selloffs which will be immediately reversed as soon as things calm down.

In July last year we witnessed a test pump in almost all ALTS, which has been again retested at the breakout point. This rally we see today will leave the last years range for good, to never come back again. I am therefore not only expecting All Time Highs for almost all ALTS in the mid-term future, but I see the transformation from Disbelief to Hope happening right now. That means in regard of the entire market cycle, we are at the beginning, not at the end.

cycle

Many new traders came into the crypto space in the last year. Most have almost no experience in trading, so they grew up in a bear market / trading range, where there is the rule to buy low, sell high. However we are not in a trading range anymore, but in a bull market, where rules are differently. It is my belief that longterm hold will eventually reap the biggest profits, except you are a godlike trader and know exactly what you do. Most do not, but burn their future wealth in shortterm trades based on emotional unconscious decision-making. It is a losing game. If you have not much experience in those markets, I advise to invest into the most promosing coins (personal research and assessment necessary obviously), let the whole bull market play out, and be patient with taking profit. Just hold. Holding patiently will be winning this game in the long run, bear that in mind. There is a reason Warren Buffet has acquired insane riches in his lifetime, applying just this strategy: seeing potential, buying low & never sell.

In my personal assessment we are in the shift between Disbelief and Hope which will turn into Full Hope with more Higher Highs on daily charts. If you are here right now, you have great chances of buying into the forming trend early without your entry price ever touched again. This is a unique opportunity for all of us. We are at the right time, at the right place, doing the right thing. We got to realize that, so we can make profitable decisions for our personal investment strategy. Do your research, decide which coins you would like to hold in 5+ years when crypto is fully implemented in the world. Create a portfolio with a very longterm perspective.  This is not the time to make shortterm trades with small profits. This is the time where you ultimatively need to decide what coins you want to ride in the biggest rallies of all times. Choose wisely.

Remember BTC was created in 08/09. It is therefore almost a decade old already. The ALTCOIN market is still two or three years old on average, most coins considerably less. That means the entire market is lagging behind about five years. We are at the very beginning of the rally, comparable to BTC’s bottoms between 2011 and 2013. If you would have the chance to buy BTC below $10, would you do it? Well, many missed this opportunity, but we have a second chance right in front of our eyes. Lets take a look at some examples:

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