The future of Crypto, Market sentiment, ETH making an attack on #1 position. Is time what we truly trade?

in #cryptocurrency7 years ago (edited)

Market sentiment-
The news and what countries can do are irrelevant today.
What the true news is, is in the numbers.
Something interesting happened recently, the old investors, finally rolled into alt coins below the top 10. And now that market is the 2nd biggest market. Doubling in 2018 alone, previously hovering around 11% of market cap.
This shows market sentiment, for where money is going, and hodling.
Does that mean more people are investing? Not necessarily, volume can show that story.
But- they are at least hodling their coins.
This, being compound with ETH taking a second stab at #1 market cap vs bitcoin. It is still off by a margin of 55Billion, but the market sentiment is showing lack of faith in the genesis chain.
The major question I ask myself in these times is, who's buying this market?
Who is buying right now? Are you making your moves with the Smart money?
I believe smart money sold at 11k, and is waiting for market sentiment to figure out rebuy.
There are a few scenarios that can go on from here, and we're at a very crucial point for the future of crypto.

A pattern that stands out to me, is the overall market cap. Seems to look a bit similar to

But, also we have true issues to get into if we want this market to turn around.
What really determines this next rally is what we latch on to to turn it around.
Will it be regulation measures?
Will it be a wider audience discovery?
Will it be more effective technology?
It seems many of the adoption issues is the volatility itself..
The only way I see this being solved is being backed by a physical good,
or pegged to a fiat currency.
Both of those options, destabalizes the core idea of decentralization.

As I've said before, the true and only way to decentralize can only be if our foundation is built upon a new ground.. Since, crypto is currently being run, and manipulated by fiats value of it. We are very much like a puppet on a string, unless we become the puppeteer of that string. The puppet can some day become the master, but does that paint a better picture? That sounds like war..

The macro picture is simple. We have hurdles we're facing, and pain we're experiencing of the bigger players leaning on this 'decentralized system.' We are facing the man in the mirror and seeing the truth behind crypto. The sentiment is showing this, the king Bitcoin is hurting. And only a change in market sentiment will stop this bear run, it needs a change in narrative. Whether that means letting Ethereum take the lead, or a solution to market penetration, and regaining control over Visa and Master cards.

I personally believe we need a crypto that cannot be bought into from unstable, false systems if we want to be decentralized. Something that comes into mind is the movie 'In Time'

A movie where the currency is time, and you trade it. You run out of time, you die. You have it, you can live forever. Which, isn't so much further away from where we are today in society. When you think of money, it might not seem like that. But, money is directly linked with our quality of life. And how we get to experience, sustain ourselves healthily. I could go in depth about this, but I will leave it as is for those with eyes to see.
Time, already is what we transact in. We just have put lipstick on the pig.
And cryptocurrency, will eventually find the market sentiment. It will find a new way to paint the beast in our wallets, the one who votes for who continues on freely.
The only way we may decentralize, if we rebuild a currency, a community, that faces this for what it is. Everyone making an agreement not to sell their coins for cash, and to slowly build a skilled community with 'bounties' for each others time. SKILL coin if you will.
Because, whether we like to admit it or not, our foundation is currently on the same murky waters as before. You want to build it better? Build a community, that prides quality. Not quantity. Build a sustainable ecosystem, that only accepts the same quality coming in. Our time is now.
Build the community you believe in.

If you truly want to decentralize, make all your needs free and sustainable. Farms, family, friends. Make the cost of LIVING 0. Then, you may be free. (refer to the hierarchy of needs, or better yet Prometheus Rising book about the circuitry of man and the mind)

Remember, you vote with your dollars.
You vote with your attention.
You vote every second with your time.
Vote responsibly, we're investing every moment-
to our future.