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RE: The Coming Altcoin Exodus by technicalwealth

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Viewing a response to: @cryptovestor/the-coming-altcoin-exodus

· @technicalwealth · (edited)
$2.33
Excellent subject CI ,too many speculators have dove head first into this market.

Aka Dumb Money
Jumping in at all time highs... to try riding that wave...to Lambo land. 

There are quite a few telegram groups ive seen where people talk about spending alot of cash on XRP...thinking it will hit 10-15 bucks. 
Or How TRX will go to a 2.00
Or how aDa will go 2-3 bucks.

The Bubble i think is almost here.
(id view 1 trillion or 900 million market capitalization as the magic #pop number...but thats me.
I think people view it as symbolic of the market somewhat like investors look at the Dow #)

The Bubble people spoke of thinking it was BTC falling apart to possibly back to Zero.

BTC in fact has seemed to built its base of support around 12-13k.
Fundamentality as an investor...this is what you want in an investment.

Not some "moon shots"
Not some coins whose charts & price rise make no sense without substance or news.

Alot dont realize that lesser known fact...xRp is not a share into the privately held company.
Its a token.
Infact the Ripple technology has nothing to do with it.

Look at the ICO market.
Reminds me of the Dotcom bubble market ...how many shady companies popped up with a "dotcom" connotation to it.
(Cough*-bitConnectX-*Cough)

Or the Pink sheets....where alot of devious companies still exist.

ADA ,as much as i love the concept of the company....hasn't put out 1 damn thing.

As you can tell The HYPE train is here.

Reminds me of the months going into the subprime meltdown.
Companies hyped how well the market was doing....how affordable it was own a house...maybe 2 or 3.
How many folks do you know thought they could flip houses by slapping a coat of paint & jacking up the price 100k....thinking they were ahead of the curve?
And got stuck holding the bag...

I know a few.

The Alt Coin market is that bubble we all were waiting for...

If anything this is the time to research the high quality organizations not being hyped up.

And there are a few.

It's nice to see you sound the warning...

because i honestly don't see many taking heed in it.



Excellent video as always.
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@bradynields ·
You make some valid points but I'm not sure if bitcoin had any news or substance to move it up and down through the double digits. Yes XRP is a token and when used it saves money.  Thinking its equity or not doesn't change the price.  Are there some people that think Bitcoin is a company and we are all trading it's shares?
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@cryptovestor ·
Nice of you to leave this well written comment - I agree with so much of what you say and you always leave some of the best comments. Hope you stick around, happy to have someone agree!
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