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RE: JOIN my newest crypto QUIZ TODAY [for crypto maniacs only]

in Project HOPE4 years ago (edited)

We look to the past to predict what will happen in the future, but similar trends don't happen one-on-one because we learn from the past. What happened in 2017-2018? In 2017, we had a bull market that seemed to never end. So much so that Bitcoin price had increased 18 times in a year. In the following period, we encountered a bear market of about 3 years, which lasted until September of the last year. It was such a tedious period that people like me despaired of the crypto market. In the past 8 months, Bitcoin prices have increased 6 times this time. We've seen similar increases in other cryptocurrencies, including Steem. As a result, the bull market lasted shorter than in 2017, and there were fewer (6x compared to 18x) price increases because we learned from the past. I think the correction that follows will also be relatively short-lived because everyone knows that the 2018-2020 recession has ended with a new period of uplift, no one will want to miss the next party.

On the other hand, in 2018, we had few real-life benefits beyond Bitcoin's ability to store and transfer value. These days, a huge decentralized financial ecosystem has been formed, and there is a much more mature blockchain infrastructure.

I believe that the correct recipe is HODL!

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 4 years ago 

Thank you for participating in my little quiz @muratkbesiroglu

Amazing comment. There has been many entries. More than I expected. So I decided to add few more rewards of 5 steem.

Cheers, Piotr

I am glad to hear that. Thank you!

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