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RE: Lessons from History - Crypto is not really a bubble
No doubt it's a correction phase as well some regulation clouds are around.. I believe after a certain level of regulation things will grow with much more rapid pace.. Bitcoin and related networks are really creating a value and have to be part of future.
A correction would be a small percentage over a short time frame
who can say when will return to growth
maybe will keep going down until $1500 and wont go back up untill after the next halving in 2020
Yes it might be .. but price is a direct reflection to any improvment or value BTC is added to whole cryto eco system .. as soon as any such value triggers we can see a price jump
price isnt really a reflection ecosystem grows all the time but prices fall
look at the growth of bitcoins hash rate 14 > 40 in 6 months yet price continues to fall
https://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a
The best part is unlike centralized networks the innovation is happening around the edges of network and open to everyone with any permission . so day by day we can see a lot of value and innovation being added ..