Did I say anything negative about blockchain????? 2 words should never be mixed together Bitcoin and real
rothschild himself predicted this... the end of the system that he built that has indebted the world...
To evaluate a blockchain a couple of helpful criteria: Quality of developers Actual measured development and production of work Growth of addresses Growth of nodes Type of Governance Security of Blockchain and whether it's PoW, PoS or other experimental strategies Scalability Resiliency Weaknesses The above would keep most folks from getting sucked into marketing dominated vaporware. Medium has been a good resource of thoughtful articles to compare and contrast between different offerings. In general marketcap of a coin/token is a low bar of a blockchain's offering. Due your due diligence, the bear market has been functional in having stronger offerings shine among the field.
I like the concept of Blockchain a lot. For example, it can be used for authentication of objects. Cryptos are a totally different ballgame, I prefer none.
This was a breakout from weakening resistance. Most of this was fueled by short liquidations. I was one of the people who put up 80 million dollars worth of asks at 4200 on the futures exchange and got liquidated when price surged. Open interest dropped by 200 million dollars worth, so many people also got hit. I was hit badly but this is a sign of the ending bear market. I expect 3k will have been the bottom. I have been buying spot Bitcoin over the past few months and I'll probably continue. If Bitcoin does head lower my bids will increase and I have no stop loss. I will probably buy 1k if it does reach that price. There are still so many bagholders I don't expect a major move upwards. I expect consolidation at 5.4k before breaking down, but I do think 6k is a possibility. I was one of the people who predicted 3k when price was 7k+, and I am pretty accurate short term also. 4200 breakout was honestly very unexpected and it destroyed one of my accounts.