Over a span of a year.
The 24 hour trade is left behind a bit at a 272% growth.
The bigger picture.
Oh my, Friday the 13th... And the 15th of July closing in on us. Last year that gave a drop of 20 percent. Then the market wend down from a total market capacity of 85 billion to 68 billion, in just two days. Wait a minute, so the market cap is now close to 250 billion...!? Yes, in a year time the market grew from 85 billion to 294 billion USD. If there were stockholders in Cryptos, they would have been very pleased with the published year results. Some doom and gloom believers now would shout it out: "Wait until the 15th of July, then when the market cap drops to 200 billion USD, that will be the end of Cryptos!" Ahum, well, then take look at the charts, the overall picture, logarithmic scale, shows an overall uptrend, moving slowly towards the 1 trillion USD market capacity. Somewhere in 2019, but it will be another All Time High {ATH} that probably will get a correction. As a lot will want to cash in on it, again. Yet the overall pattern will be a massive steady logarithmic growth.
Not being an outspoken pessimist, nor optimist, merely a realist (at least I think so myself), I do my best to look at the bigger picture. Are HODLers right? Well, those who got them some real Bitcoin, BTC, they are quite right in the longer term. It gained a massive 264% in value over a year span. Come on, what investement is there for me that would give me such a Return On Investment {ROI}; BIT CON NEEEEEEEEEEECT! Sorry, just kidding here, that was actually a real ponzi scheme. It is the time where I remind you to only invest in Cryptos what you are willing and able to lose. That bitconnect thing was something like: "If it looks to good to be true, it probably is." But that one set aside, it has been quite alright for the Cryptos market. Twenty-four hour trade could have been a bit higher than the 272% growth in a year, but there is still a lot of left over SCAM Cryptos & ICOs {Innitial Coin Offerings} that have not yet been completely purged out yet. The huge cleansing is still ongoing, at least I do think so. (Remember though that I do my predictions using three piglets, a bucket and some truffels. And sometimes I use a Crystal ball too...)
Dogecoin, DOGE, did it do badly? Nope, where Steem is at a 110% over a year span today, the little Dogey, the fast and cheap peer to peer electronic cash, still wend up a 125%. Sometimes one has to zoom out to be able to see the bigger picture. And I still think Steem is heavily undervalued, guess it still needs some more time. Another Crypto that kept gaining is Litecoin, LTC, that one wend up a massive 167% in a year. Not as steep as the year before, but I remember buying it at 4 USD! And recently the Litecoin foundation made a move that had me laugh outloud, they bought themselves a 10 percent share in a German bank. Brilliant move, I do really love how creative the Cryptos realm gets from time to time. Especially when things start to look a bit grim and there is one FUD {Fear, Uncertainty, Doubt} wave attack after another, those kind of smart chess play moves can really make my day.
Whatever happens on sunday the 15th of July 2018, stay cool, HODL and the next thing that comes might surprise you. Cryptos have been declared dead many times before, even within the Bitcoin realm some do predict horror scenarios. Well, I think they hope BTC will crash a lot so they finally can buy the lot themselves, right? And it is important that Bitcoin, BTC, goes up again soon, so the miners have an incentive to keep mining. But at some point they will even start to buy BTC themselves, if and when needed. Also some huge companies will step in to make it happen. They too do see the bigger picture. Because overall the path is moving upwards. Is it any wonder the big-end-boss of the Bank for International Settlements {BIS} is constantly firing at Cryptos: "Stop creating money kids!" Hahaha, that really made my day too. Yet, it does proof to me that there is a light panic within the Banking Monetary Governance {BMG} system. They put some massive weight behind it though... So maybe we should be scared now? Sorry, but I cannot help myself looking at that cliche image of a banker as being a total and utter joke. You aint seen nothin' yet!
May the Cryptos be with us!
Just zoom out and take a look at the bigger picture!
Screenshot taken at https://coinmarketcap.com/charts/