Good morning, woke up to another rant of people who are either convinced that the bear market is over, or not. Then we get shown the usual graphs with lines pointing up or down and told where the next resistance level is etc etc. Geez how I hate all this TA (Trade Analysis for you newbies) Crap. While reading through the comments and analysis of these so called ‘experts’ (yes just because you bought $100 dollars worth of bitcoin in 2010 you are now a crypt market guru…) I begin to wonder what I am doing in this Industry.

My thoughts on the current market is simple. This bear market is the effect of all the money that was pumped into useless ICOs in late 2017. Most of you didn’t even have the decency to read white papers, which would have clearly shown that the project was going nowhere from day 1. All those billions kept pouring in, hype was created and people just kept buying expecting 1000X returns. Marketcaps went through the roof, with worthless projects commanding 100s of millions in marketcap.

There was a fundamental problem creeping in though. Most Altcoins, we going up or down in price based on 2 main factors. The first factor is the price of Bitcoin /Ethereum (mainly BTC) and the second based on news. We all know that 2018 was no characterised by anything great on the news side. Yet there wasn’t any drastic news right? So, news cannot be the main factor to have brought prices down. Let us look at the price of BTC / ETH then. These dipped violently. Why? Guess what all those ICOs did with their crypto? Convert them to FIAT. Huge amount of sell orders, pulls the price down. Do you really need graphs and experts to see this?

Now, to why I expect a bull (cute) market to take over. In 2018, we have had more serious ICOs which are actually going to be doing something. Some coins and tokens are extremely undervalued. Global Corporations are moving into the crypto sphere. Regulation will bring more institutional money and acceptance of crypto is growing.

So get out of your holes and start looking for the real opportunities.