BTC - All I want for Xmas is Capitulation
Projections for a continued downtrend into January 2019. Could easily be wrong on time frames here, a study on the current price action. Still, I think the bottom area is possible at some point.
There is very little change of any kind of sustained bounce from this point. 5K would be a gift to dump into. From here there should be a clear sideways range established for multiple months, indicating an actual bottom.
The next big sell off will kill many alts, make 51% attacks practically free, and cause many PoW coins to be de-listed from exchanges. Tokens may fare better in the long run, as they cannot be double spent, but when the project team disbands, the token goes to 0.
This is crypto. Take a break for a year, there is plenty of time.
There is very little change of any kind of sustained bounce from this point. 5K would be a gift to dump into. From here there should be a clear sideways range established for multiple months, indicating an actual bottom.
The next big sell off will kill many alts, make 51% attacks practically free, and cause many PoW coins to be de-listed from exchanges. Tokens may fare better in the long run, as they cannot be double spent, but when the project team disbands, the token goes to 0.
This is crypto. Take a break for a year, there is plenty of time.
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