All say everyone should be correct, but their claims are based on information, and that information is false. His decision is based on his mental judgment, his judgment is incorrect and his decision does not have to be based on perspective, it is a 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 put the speculators in the fundamentalists. Since then he has had trouble staying above 9k and at the time of writing he returned to 6K. Bitcoin is now 7K with a market capitalization of $ 1. 5 billion, compared to a peak of more than $ 2 billion a year ago.
Because traders and speculators buy at $ 12k or more, it seems unfair that at the same time they are surpassed by fundamentalists.
I believe that cryptonecuresces are part of the future, but the development and total adoption will be slow and slower than many thinking. Of course this all comes in phases, so don’t foolish, we see the reality. If you want to enter 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 anymore.
This is not the first low market in Cryptomocrencia, there have been previous bear markets, but with the peace and serenity that accompanies a bear market, I decided to see what happens and what we don’t pay attention. The price of Bitcoin has fallen by around 1. 2% and the trend of the market is in the opposite direction for what has occurred in the previous bear markets.
It was in high time, when the accident began, and now it has fallen around 1. 2%, according to COINMARKETCAP.
The Mount the GoX problem was initially a rumor, but in the weeks and months they followed, it was off the abyss. The price of Bitcoin decreased under $ 600, and then back to $ 500 and then to the temporary maximum of $ 1. 000.
As soon as it was up to $ 110, but when you consider that once $ 1200 was at $ 110, it is less than $ 100 worth now.
That remains a decrease of 70%, but that is more than 90% of the decrease, and it is a sign of how bad the 2018 will be.
I don’t say we should be grateful that things are not worse, but I just give some perspective.
Bitcoin picked up the speed in 2016 and found the maximums of all time in March 2017. The largest increase arrived in 2015, but Bitcoin has been restored since 2016.
Of course the price increased to $ 750 over a four-year period, but it was not convincing above that price. Those who purchased at the top in November 2013 had to wait until March 2017 to have fun. Combine the November 2013 and March 2017 events with what the market experiences in 2018 and obtains the classic perspective of the bear market.
If it took about 40 months to reach the historic maximum of the previous market, it takes about 30 months before the market to forget that and return to a level with which we are all happy. What is certain that the bear markets will not end so quickly, but the foundations remain the same. The market is much more stable than 4 to 5 years, and is much closer to the purpose of the long term of $ 1 000 than the level of $ 2. 00.
Personally, I have in my critical places January 2019, but it can take more, and the low market is not allowed to last for less than 20 months. I see Bitcoin at $ 20k and I see that the police take full control, so personally I would not see it overcome $ 2. 000 before the end of the year.
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