With possibly a limp erection stumbling into 2022 until late January 2022 early Feb 2022.
Much like if BTC was leaving the New Year party after having a few too many refreshing beverages. Lets face it, BTC now is a little long in the tooth as they say, and no longer the shinning star he once was. He still pushes on at a predictable ROI and a fine place to park your money safely for the grandmothers who like a safe bet in the crypto universe. A new approach must be taken with BTC now that it is at the top of this cycle. Right now it is huge in terms of capitalization ! It's like your fat and over weight aunt with that horrid perfume who always wants to pinch your cheeks. What would it take to lift this thing up the percentage points we were accustomed to ? I could tell everyone I know to buy this thing and it would go no where fast. I've noticed over the past while more and more crypto assets are no long in sync with what BTC does, not all, but a growing number. BTC goes down, MATIC continues to rise ? Time for some new equations, formulas and algorithms. Jesus, I can do more transactions per second with a cheap Chinese calculator than BTC will ever do.
With all these new projects coming out maybe we need a new standard ? Admittedly BTC has the largest dominance in the market, but that is slowly evaporating. Maybe a new index ? Perhaps a coin that includes ETH and a few other hot ALTS ? Who really knows ? There was hope for ADA, as it was a constant performer, but people jumped off that project like a girl friend with bugs. It was far too slow in delivering for this crypto market. I am not sure what is in store for BTC ? At best maybe stumble sideways for a while until the market decides, but we all know that the crypto market is cruel and shows no mercy unless you perform and if you don't you are left at the side of the road like an old toothless cheap hussy.
Now I guess it's about time to screen through the crypto and screen out the best performers for 2021. The constant performers, not the one hit wonders I have to skim off the top every time I do a screening. I really wish Tradingview would come up with a prebuilt screen for us so that it would eliminate all that extraneous crap and give us some clean data to look at. I asked them once, they were too busy and blamed Binance for including all those Premium assets that show a > 10,000 % + increase in 5 minutes. Who has ever lucked into a coin like that ? If you say yes, you are lying. You just gotta know that some market manipulation is going on because it's not because of getting listed on a new exchange.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.