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RE: How Long Will crypto Bear Market Last? How Low Will Bitcoin Go? Ft Marc De Mesel

in #cryptocurrency6 years ago

Nobody truly knows the direction of the asset prices because it is still virtually impossible to calculate intrinsic value of them. Prices are now driven by supply and demand so traders are really moving prices the way the want. Without an underlying demand or use case, moves higher will be limited to the supply dumped into the market by traders and speculators. This is trying a tough environment for holders but should ultimately pay off as long as you are in quality assets that will deliver in the long run.

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