IS HISTORY REPEATING ITSELF FOR BITCOIN? 2013 - 2017 similitaries# - Mt Gox Bankruptcy - Bittrex?
Just as we saw in 2013. October until rigtht before Christmas. Bitcoin had a decent climb from 2.5B market cap to 12B market cap. Pricing one bitcoin from 200 dollar to 1000 dollars.
followed up by a HUGE correction and got forgotten off for a couple of years.
where it lurked around the 800,- downwards levels years to come.
Look at todays correlation.
I cant be the only one seeing the similatiries.
->And why is Bittrex suddently -Lifting- accounts and disabling them?
In addition more and more people complaining about not being able to withdraw their coins and losing coins while doing transactions to another wallet. This is exactly same pattern that was happening month's prior to Mt. Gox filling for bankruptcy in 2014. 3 months after the dip.
Is history repeating itself?
Jokes aside, TIME TO ACCUMULATE MORE COINS
In addition, I donot think it will.
-> The 2014 "crash", was caused by insertanties within the crypto economy.
I truly believe that Cryptocurrencies are here to stay and will be a big part of daily interactions in the future.
Either we will have decentralised economy regulated by tax laws, nor
the government will force people to use a either
Take in mind that Blockchain is fairly new, but also comparably outdated to what else the market has to offer today. //