….This year will be soon become even more interesting…
Feb. 2, 2018 – Colorado Rocky Mountains — Earlier this morning Bitcoin reached a value near $7500. It down from its then-ATH (all-time-high) in December 2017 of almost $20,000-, in what was most likely the end of a long and very healthy correction.
The big ones, such as Bitcoin (BTC), Etherium (ETH), Ripple (XRP), Cardano (ADA), NEO, etc. as well as nearly all emerging tech ‘altcoins’ such as IOTA, Lisk, ICON, VeChain (VEN), Komodo (KMD), and so forth all took a beating. Many dipping 30% or even more. It’s normal in the crypto-space, not comparable to what’s normally seen in the stock world. A screenshot from the end of the day, Feb. 2, 2018 -Colorado Rocky Mountains- of info from https://coinmarketcap.com/all/views/all/ , which is undoubtedly already outdated by the time you see this. just for the record, a limited selection pasted-together screenshot:
!-> A recommended perspective on how common such massive corrections are, from crypto-connaisseur Crypt0:
From a couple days ago, when he had Clif High on:
Less than 2% of the US population, maybe 4% of the financially aware, are into cryptocurrency at the onset of 2018… In short: this is only just beginning.
PREVIOUS BLOGPOSTS: On the topic of Bitcoin, some AltCoins and Crytocurrency in general, see also videos 3 (KMD), 4 (NEO) & 5 (VEN) in the transition posts (Jan. 27, 2018) Achtung Achtung; “The Future of Money” at the beginning of (Jan 5, 2018) Quick Stop @ Arches NP; (Dec. 25, 2017) “WHY THE CRYPTOCURRENCY MARKET FLASH CRASHED” and (Dec. 24, 2017) Cryptocurrencies Fascilitating Energy Flows – Couple VIDEOS from Sevan Bomar and when I mentioned the topic “way back” in mid-June 2017 @ CryptoRevolution In Progress? [Bitcoin Music & Documentaries])