I am not a proffesional schemmer (trader of crypto), but I for a month I am repeating about the real value to be searched. And nobody is reading. The real value is the normal trend of 2017 + 10-15% premium for Chinese and Korean gamblers. Do you know that Chinese are very keen in gamblig? That is what happened to BTC end last year. Actually this is a non regulated market and there were groups of schemers playing TOGHETHER with the exchanges to draw UP the price high. Everyone says - 600 billion is small! No, it is not small. This is the economi of 5 countries of European Union a year. And for 600 billion you actually do not have ANY real product - only lies for partnerships. I also partner with my wife, but not every time I want sex and warm food I receive it. Do you get my point? Coins are way overvalued!!!! All whales and sharks here are waiting for the Korean gamblers to put their money this month to rise the market again. I hope that the Korean government did some homework this time and will use their REAL bankaccounts to collect some taxes. Then, I am sure, they will not be so happy to make different stupid or illegal stuff on the market, and things are going to come for the real value. This technology is a new era, but EVERY big bank, and EVERY government can build their own without the cryptocurrencies.They just still don`t want to.
Comment:
I read many overlystupid comments of speculants in others analysis. They claim how bitcoin has rosen from 11 to 17 only for several hours! Yes, it did, but HOW? This is where USDT comes. WASH tradings and bot pushing the price, without so much real investors. In the end, the greedy investor, or just plain people came and bought so much between 15 and 19 000. So, the cheaters of Bitfinex and all other exchanges doing this collected the difference between 20 000 and 10 000 with the drop. It was planned and executed effectively. Sorry folks, but that is the reality. Even now I am absolutelly sure they keep the price with WASH TRADE.