Capacity lower than april '18.

With a dropping 24 hour trading volume.

Cryptos are dead, again...!?

Well, if you believe some of the self acclaimed experts then it is game over. All wearing Bitcoin fanatics merchandise, while spreading FUD {Fear, Uncertainty, Doubt}. And yes, BTC will drop, but then the, what they call altcoins, in a degenerating way, really will become wortless. Sure, of course, the market dominance of Bitcoin is close to a 100% right? Ow no, silly me, it is not even half.

Another fun one: "One Bitcoin is still worth one Bitcoin." WUT!? In the meantime these bozos are trashing anything that is out off their league of comprehension. We have seen it being done to Steem, before that to Bitshares and now EOS is the one to be ridiculed. In the meantime Bitshares almost did 5 million transactions in one day. Where Steem did 2.2 and EOS is warming up at 300K.

How many is Bitcoin doing, you may ask. About 190K and dropping. And what about its little clone mini-me then? Well bitcoin cash does 13K in transactions. Dogecoin still does 26K on average a day. And I stated it before, but DOGE is the true vision of Satoshi Nakamoto. It is fulfilling the peer to peer electronic cash system. Like the digital equivalent of cold-hard-cash.

The cold hard cleansing.

April 2018 was already the first fase of the purgening. And we are closing in on the second one to finish, somewhere in juli. Might be in the beginning at this drop rate. Now, to make it very clear, I am no expert like mister T. Vays, merely an observer of patterns. You wont catch me wearing Bitcoin merchandise. (Maybe you could catch me wearing Dogecoin pajamas, but no one has to know that, right?)

No, basicly, from my point of view, what is happening is that all the fake virtual value is being pushed out. This accounts especially for all those hardforking blockchain split clones that got fake virtual value through a pre-release token trade. As this fake virtual value got traded to other Cryptos too. Please note how I do use the noun Cryptos, instead of the degenerating one called alts. That is a Bitcoin fanatics way of trying to keep out reality.

The magical lower limit.

Of course I do dislike this cleansing happening right now. As I do own several Cryptos and I do tend to put them to good use. Like financing the study of my offspring. Or staying debt free and being accountable, long term. To me that is a nice goal and I do consider Cryptos to be the perfect means for that. And yes, I cheered too when the All Time High {ATH} was happening. Where I had to face facts when my portfolio value dropped more than 80% since that. While there are big study costs to pay very soon...

Maybe you now want to turn away from this post if you do not want to know the lowest limit. At least, what I think the Crypto currency market could deflate down too. And it will hit Bitcoin just as much as any other Crypto, if it would. But I still hope it will stay away from the 200 billion USD limit. Instead rebuilding strength, attracting true investments, from 220 to 235 billion. Also picking up in 24 hour trade volume.

Those who adapted survive.

And they will come out on top. Do I think Bitcoin, BTC, will become worthless? No, it will need to stay more worthy than the costs of mining. Basically that means it should become way much higher in value. Every halfing should double the value of BTC. All the money that is burned mining Bitcoin has to return in its value somehow. Yet, there is no law that states it has too. Logic often is sitting besides the facts of life instead on its lap. But even when doing my best to stay as pesimistic as possible I still think it will regain.

That goes for all Cryptos that manage to have proven themselves to come out on top, after the purgening ended. And like I wrote many times before, Dogecoin, DOGE, will be amongst them. Being easy to use, fast and cheap, peer to peer electronic cash, the digital equivalent to cold-hard-cash. And it might be a good idea for the whole of the Cryptos realm to create a kind of average weighted symbolic index token. Maybe call it the Global, GBL, a kind of equivalent to the banking monetary governance system its special drawing rights {sdr}. Cryptos standing tall, united as one.

Just hang in there, it will change for the good again, I think. All we need is just a little patience.

May the Cryptos be with us!

Overall it is still looking good long term.

Screenshot taken at https://coinmarketcap.com