^ I'll contrast that.
(THIS IS JUST AN OPINION BASED ON COLLECTIVE EXPERIENCE OF THE MARKET SINCE 2013 AND PATTERN RECOGNITION/TA (as little as it might mean)/FUNDAMENTALS/INTUITION)
* 24hr volume is now playing with the big boys (has been for two weeks). This is very good/long term growth and short term spurts ahead.
* Has proven to be very resistant to FUD, bad PR, competitors, trolls, and market behavior, a lone wolf doing its own thing.
* Picturing a double from here isn't that crazy to get back to ATH, picturing a 1Billion MC is also looking more and more plausible and may happen faster than I thought.
* The little pumps are nothing (I mean they're great!), compared to the big swings I think we're going to see before they year is out. Even without groundshaking news, the variables and cocktail mix of people and talent and validation in this project is going to keep new money coming for a long time imo.
* Once the new year starts I believe we'll see a big wave of money as new budgets and investment portfolio options come out for the year (and solar/renewables are hot).
* We're still not on many of the major exchanges, looking at the 'markets' tab on CMC, and comparing to ANYTHING with its MC/daily volume, we're still getting a lot of new money injections with each listing to come (hopefully we'll see 1-2 new majors list this month, if it's more then great, if it's none it might not matter much, but those days will be blessings and spikes).
* I also think it's safe to say the dumping from the ICO has stopped, money is now in more patient investors hands who will hodl longer, and this transition will continue for a while but less and less over time. Those that were planning on selling or had stop losses are probably rethinking stuff now that it has reversed. Those that sold low might be rebuying on this momentum. When we break through the 7's, a lot of confidence will be built, 8's we'll probably see a rush again
(just my guess).
* Order books are fattening as we build current momentum but overall they are still thin, <350btc on bittrex to get to ATH (probably more as we get closer + bots + variable change). As I watch walls get eaten, it's almost as if bigger investors are 'waiting for them' instead of the books running from them
. It looks like if we get really big momentum we might return to ATH too fast, dip and keep going slowly.
* I could be way off, and we could dive back to low $0.xx but I really doubt it. I could also be off the 1B MC, could happen in much less time any of us imagine re the injection the whole eco-system just got and the next few it's about to get from CME/futures, crypto going more mainstream, all with about half ending up in alts
. Wonder what the total MC will be in a year for all crypto, won't be surprised to see us approaching a trillion (or whatever year it goes super mainstream/almost straight up on the s-curve of adoption _/----).
* I'll call $1.20 - $2.00 by years end, $2.10 - $2.50 by end of Jan (and I'll throw in a spike up to $3.00 that won't hold).
(I'm heavily invested, stand to make a 7figure return, or get burnt. This risk tolerance comes from years of getting burnt, and years of learning to win more/burn less, and have done well for myself).
~ Have a great day, and as a disclaimer I'm just a random dude on the webz this isn't investment advice or anything more than an opinion.
