Have the masses lost hope in crypto?
It has been a rough year for crypto currencies. After a nonstop increase in 2017, 2018 has been the exact opposite. There have been. Few slight recoveries, but we sit at the lowest at all of 2018.
Where does it go from here?
I have no Idea. It could be bottom soon, or that bottom could be closer to $3200. Maybe at some point people will be giving away BTC for free like they were back in the early days. I doubt that happens though.
It seems that every asset class is struggling from commodities to real estate and stocks to bonds. Could this be a 2008 style event all over again. I certainly hope not, but remember out of the 2008 crisis, BTC was born.