Not really

The market wend down quite a bit though

As long as BTC stays a 10K++

It is almost like a pattern. Bitcoin {BTC} goes up couple of thousand within a few days and shortly after an amazing peak, it goes down hard. It aint fun to watch, that I do admit. Yet there have been plunges of 30% and more before. Party time for the leverage traders though. Moving most of their Cryptofolio into stable Tokens and set a bottom price to start buying again. Would they let BTC go sub 10K?

There is not much BTC left to mine anymore. Enormous combined mining power of close to 67 Exahashes for Bitcoin recently. More efficient mining hardware about to hit the market and rain season is starting in the far east. Hydro powered energy, needs a refill by rain... Only 280 days left until the next halfing. And about 15 percent of BTC left to mine. Closing in on 18 million. Imagine if it was possible to do with gold: "Only 15% left people, and it will be more tough to find..."

It could only go up

Hard to imagine it would go the other way. Although I think a lot of Cryptos wont make it as far as Bitcoin {BTC}. There are almost an endless amount of token on several smart contract platforms. Many ICOs turned into digital dust just like many Tokens and Cryptos did not pick up during the recent bull run. It is a cleansing, the ongoing Crypto purge. Which might not be that bad actuallly, as those who make it will be tougher than the rest.

Survival of the fittest, also seems to account for the Cryptos realm. Bitcoin BTC will be considered 'the one'. Almost like gold backing money again, with Litecoin LTC being silver backing money. The Crypto purge might even push more out off the game in a faster pace the next couple of months. Meaning that a part of the value will flow out off there and into the strongest ones. Together with new capital moving in. We probably aint seen nothin' yet.

It aint half bad

Okay, so it seems we entered a major dip. And at times like these I'm sorry that I do not have nerves of steel, so I could leverage trade. The last time I tried I lost. And it seems so easy. Anyway, for me the best strategy is to HODL. Hopefully the drop stays within 20% percent for the most of the top 100. But I think I'll stop checking for a while.

Had a look at the overview for BTC Bitcoin. And it was in december 2018 that it really took a hard dive. Just above 3K, less than 7 months ago. Or to put it in other words, a gain of 7K within 7 months. So even if BTC would drop a bit below 10K the overall picture is still one of growth. More purchasing power for Cryptos, while bankers money keep devaluating fast. And Deutsche Bank on the cusp of a bail-out, or it will fall over. So, all in all, even in a dip, Cryptos are doing more than fine.

May the Cryptos be with us!

Cryptocurrencies revaluate, bankersmoney devaluates

Image license CC0