When the Next Bitcoin Bull Runs - Everything You Need to Know
Everyone claims they are right, but their claims are based on information and that information is false. Your decision is based on your mental judgment, your judgment is wrong and your decision should not be based on perspective, it is about perspective.
When Bitcoin fell to 6,000 earlier this year and then returned to 8,000, many thought they saw the worst, but it's time to turn speculators into fundamentalists. Since then, it has struggled to stay above 9k and while writing, it has fallen back to 6k. Bitcoin now stands at $ 7,000 with a market capitalization of $ 1. 5 billion, compared to a peak of more than $ 2 billion a year ago.
Given that traders and speculators buy for $ 12,000 or more, it seems unfair that fundamentalists surpass them at the same time.
I believe that cryptocurrencies are part of the future, but development and full adoption will be slower and slower than many people originally thought. Of course, all this comes in phases, so do not be stupid - we already see the reality. To enter the highest price of bitcoin ($ 12k - $ 20k), you must target a long-term investment of at least $ 10,000, if not more.
This is not the first bear market in the cryptocurrency - there were former bear markets, but with the calm and serenity that comes with a bear market, I decided to look at what is happening and what we did not pay attention to. The price of Bitcoin has fallen by 1. 2% and market development is in the opposite direction to what has happened in previous bear markets.
That was all the time, when the crash started, and now it has fallen about 1. 2%, according to CoinMarketCap.
Mt. Gox's business was initially rumored, but in the following weeks and months it deepened. The price of Bitcoin fell below $ 600, then back to $ 500 and then to its highest level of $ 1000.
Once it was even $ 110, but when you consider that once $ 1200 became $ 110, it is now worth less than $ 100.
It is still a decline of 70%, but it is more than 90% of the decline, and it is a sign of how bad 2018 will be.
I'm not saying we should be grateful that things do not get worse, but I'm just giving a little perspective.
Bitcoin accelerated in 2016 and reached record highs in March 2017. The largest increase occurred in 2015, but bitcoin has recovered since 2016.
Of course, the price rose to $ 750 over a four-year period, but that was not convincing. Those who bought up in November 2013 had to wait until March 2017 to equalize. Combine the events in November 2013 and March 2017 with what the market is experiencing in 2018 and you get the classic prospects for the bear market.
If it took about 40 months to reach the historic peak of the former bear market, it will take about 30 months for the market to forget everything and return to a level we are all happy about. It is certain that the bear markets will not end so quickly, but the basics will remain the same. The market is much more stable than 4-5 years ago, and it is much closer to its long-term goal of $ 1000 than the $ 2500 level.
Personally, I have in my opinion January 2019, but it may take longer, and the bear market can not take another 20 months. I see a bitcoin of 20,000 dollars and see the police take over, so personally I would not see that it exceeded 2000 dollars at the end of the year.
This is really a good time to shop, but only before there is bloodshed on the streets and blood on the streets. This is a great time for a long-term investment in Bitcoin, not just a one-time investment.
I really do not sell a serious portion of cryptocurrencies right now, but it depends on what you buy and how much it costs.
No one has money to waste, in the true sense of the word, and you can keep it as long as you want. It's just a matter of time before I can afford to lose all my money, and if I want to.
The key to benefiting from any trade or investment is to buy low and sell high, and the key is to buy low or sell high. If you can not wait forever, you must sell after six months or less or buy and sell. Last time was 4 years, we hope it takes less than 2 years (much less) to return your $ 20,000, but I play with the assumption that it will be bought and sold after a few months and not years.
Just to keep the perspective, we're still in a bear market for four months and it's still only a fraction of the price a year ago, but still a lot of money.