Bitcoin And Ripple Bear Market Review

Yesterday Cryptos suffered another down day with all Cryptos seeing red! Last week the Bitcoin price level did not hold as the bears are still firmly in control.

The thing is you can’t blame the short sellers as you need a long established market to get that far which no Crypto has done yet. Since early January the Crypto world has been in a bear market  and there is no end in sight at this time. Bitcoin has a lot further to sink and soon we will be up against that magic $6000 number,  and another huge double bottom. The majority of investors doesn’t know what a bear market is and they sure don’t know the difference between investing and speculation. Bitcoin has no established cycle patterns except for one big move up and now close to a 3 month trip down.

Many Bitcoin investors think they are smart, but since when is the crowd smart enough to know how to invest in a crashing asset class?  By “April Fools Day”  Bitcoin will be starting its fourth month in a bear market. One metric I use to see this bear market, is by tracking the total capital space.  This peak capital base ended at about $814  billion USD! On Thursday this number dipped to $256 Billion. At this time $558 billion US of investors’ money, has evaporated into thin air! This is a clear signal that the majority of Crypto investors has been losing money since 2018 started.

One other metric I use is the amount and rate that new ICOs are being issued. In a full week, this works out to an average of just under 20 per week, and by early April we would have 1600 ICOs ready and willing to steal investors’ money!

College students are secretly mining bitcoin in their dorms: ‘On room check days, I have to put a blanket over it’ – MarketWatch

When investors lose money, then the first thing they do is point the finger of blame at anybody else except themselves. . It’s never the stupid investors buying at “Mania” tops that get the blame, but the experts can dig up all sorts of reasons why Cryptos have been crashing. Wall Street is good at inventing financial instruments, as the 2007-2009 market crash clearly demonstrated! Remember all the toxic mortgage investments they came up with during that time?

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