“I will Call the Crypto Bottom of 2018” Says Joseph Lubin

Chief Executive Officer of Consensus, Joseph Lubin, is quite bullish about the crypto market. On Twitter, Lubin shared his view on cryptocurrency. He expressed optimism in the prospects of cryptocurrency in 2019. According to Lubin, he is calling the crypto bottom of 2018. This bottom is characterised by a lot of fear, uncertainty, and doubt. This is from friends in the 4th and crypto-5th estates, Lubin’s tweet read on December 21st.

I am calling the cryptobottom of 2018. This bottom is marked by an epic amount of fear, uncertainty, and doubt from our friends in the 4th and crypto-5th estates.

— Joseph Lubin (@ethereumJoseph) December 21, 2018

Media Spreading FUD

He pointed the media out as a source of FUD within the cryptosphere. This is an acronym for fear, uncertainty, and doubt. This factor delays mainstream adoption to a large extent. Subsequent tweet read: “Peaking into 2019, if you could see the landscape through my eyes. You’d have to wear shades.” Therefore, implying that the future looks very bright.

Peaking into 2019, if you could see the landscape through my eyes, you'd have to wear shades.

Yours in Ethereal Serenity,
JML

— Joseph Lubin (@ethereumJoseph) December 21, 2018

More from Joseph’s tweets

Joseph, a Toronto native, is understandably bullish on crypto. He also mentioned in a previous Toshi Times article, that crypto is a natural evolution of prior representational systems. Although, one favors truth over the state nation power. The Consensus CEO is listed on Forbes’s ‘Richest People In Cryptocurrency. His estimated net worth is about $1-5 Billion dollars. Lubin’s tweet continuously released news about the restructuring within Consensus. There were news of layoffs and a re balancing of activities in their workforce.

An Opportunity To Buy Bitcoin?

A popular phrase, ‘Buy Low, Sell High’ always comes to mind. This is especially after Bitcoin’s fall went around the internet. Bitcoin’s price has fallen to almost 80% from it’s all time high in December 2017. The fall has prompted Spencer Bogart, executive at Blockchain Capital, to state that this could be an opportunity to buy. Although, Bitcoin’s price has dropped drastically. It can possibly still drop further. The price action is great for traders, and long-term investors that are not cashing out.

In all fairness, Bitcoin’s price has performed better than many stocks within traditional financial markets. Michael Moro, CEO of Genesis, initially predicted that the crypto slump may hit a floor at $3,000. At the time of print, Bitcoin was green at $4,064 per CoinMarketCap. This was a bit of relief after the recent crypto bloodbath.

What is your take on the prospects of the crypto market amidst this optimism by Jobin Lubin? You can share your opinion on this topic and lots more on our Twitter and Telegram pages