Is The Bull Party Over? Will We Enter A Big Bear Market & See CryptoCurrency Rise?
The markets went up and up and up for years without any big corrections. We all know that it won´t continue like this forever. The bears are on the sidelines, just waiting to take over for a big correction, a crash to values way below the ones today.
Let´s just take a look at the below chart showing the Dow Jones, which simply didn´t do anything else than almost exclusively go up for more than 7 years. It´s just about time for another bear market and who knows, maybe we´ve entered it already a few weeks ago...
Of course we don´t know when it will happen exactly. It could just go up for some more years as well or crash totally tomorrow. Anyways I´m not scared as I got some of my assets in cryptocurrency as I strongly believe that this new asset class will skyrocket as soon as the traditional markets start to tumble.
The estimation on Bitcoin to reach 50.000$ at the end of 2018 isn´t too far off in my opinion given the case that the bears take over the traditional markets. All the money people will pull out of it has to go somewhere else, right?
People want to get returns on their money. They don´t just want to keep it in the bank, they want to see it grow and will therefore move into another asset class, which for me is clearly the one of cryptocurrency.
What´s your opinion?
A Crypto Startup Revolutionizing Steem! |
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I made posts about the current altboom coming to an end and bitcoin dominance will continue to rise as it goes on a run. If you can learn how to trade the bitcoin dominance cycle it is the most important factor in consitently accumulating more crypto. Ive been doing this too long lol
Was observing the charts last night was so happy, woke up disappointed.
Looks like crypto will rise again soom
May steemit also get rise. :)
When the price of Bitcoin went to 6k...the whole media was celebrating that finally the bubnke has burst!
I do not think btc will ever go below 5k and it will rise as other markets are also plumneting.
I am sure more money will flow to crypto by mid this year as we have currently regualation battles from many countries....when all is done..crypto wil make records again!
They are the future of currencies, i bet.
The Stocks are the REAL bubble... I have been telling people this for a lot of time.
The "bull" isn't natural at all, and the way things have been growing is just WATERMARKED crisis - the previous crisis were all after movements like this.