Everyone says that everyone must be right, but their claims are based on information and that the information is incorrect. His decision is based on his mental assessment, his assessment is wrong and his decision must not be based on perspective, there is perspective.
When Bitcoin fell to 6k earlier this year and then returned to 8k, many thought they had seen the worst, but it was time to turn the speculators of fundamentalists. Since then, he has struggled to stay over 9K and at the time of writing, he has returned to 6K. Bitcoin is now 7K with a $ 1. 5 billion market value, compared to a peak of more than $ 2 billion a year ago.
Since traders and speculators buy at $ 12k or more, it seems unfair that they are exceeded by fundamentalists at the same time.
I think Cryptonecuiencences are part of the future, but the development and total adoption will be slow and slower than many basically thinking. Of course, all this comes in phases, so don't be stupid, we already look reality. If you want to post the upper end of the Bitcoin price range ($ 12k - $ 20k), you must point to a long-term investment of at least $ 10,000, if not more.
This is not the first low market in Cryptomocurrencia, there have been former bear markets, but with the quiet and quiet that comes with a bear market, I decided to see what happens and what we have not been aware of. The price of Bitcoin has fallen by about 1. 2%, and the trend on the market is in the opposite direction to what has happened in the previous bear markets.
It was on a time, when the accident began, and now it has fallen around 1. 2%, according to CoinmarketCap.
The mounting problem with GOX was a rumor at first, but in the weeks and months they followed, it was beyond the abyss. The price of Bitcoin fell below $ 600, then back to $ 500 and then to temporary maximum of $ 1000.
When it was up to $ 110, but when you consider that when it was $ 1200 at $ 110, it is now worth less than $ 100.
There is still a fall of 70%, but it is more than 90% of the reduction, and it is a sign of how bad it will be 2018.
I'm not saying we should be grateful that things are not worse, but I just give some perspective.
Bitcoin picked up the speed in 2016 and hits the maximums all the time in March 2017. The biggest increase arrived in 2015, but Bitcoin has been restored since 2016.
Of course, the price increased to $ 750 for a period of four years, but it was not convincing about that price. Those who bought at the top in November 2013 had to wait until March 2017 to have fun. Combine the events in November 2013 and March 2017 with what is experiencing the market in 2018 and achieves the classical perspective on the bear market.
If it took about 40 months to reach the historical maximum of the previous market, it will take about 30 months for the market to forget all that and return to a level that we are all happy. What certain is that the bear market will not end up so fast, but the foundation remains the same. The market is much more stable than it was 4 to 5 years, and is much closer to its long-term goal of $ 1,000 than the $ 2,500 level.
Personally, I have January 2019 in my critical places, but it can take more, and the low market should not last another 20 months. I see Bitcoin at $ 20k, and I see that the police take full control, so personally I will not see it overcome $ 2000 before the end of the year.