Crypto (cryptocurrency) is believed to be bullish again even greater than last year. Its market value was predicted to penetrate US $ 1 trillion this year, after being hit by selling gede-gedean some last time.
Bitcoin, for example, has suffered a massive decline in recent days, slumping below $ 6,000 on Tuesday for the first time since mid-November.
Nevertheless, the most popular cryptocurrency is able to recover and trade above the US $ 7,000 level today, as the cryptocurrency market stabilizes.
Upon reaching its lowest point earlier this week, the total market value of cryptocurrency shrank more than US $ 550 billion. However, some experts in the industry see the potential for new rallies in the future.
"Increased regulatory recognition of the cryptocurrency exchange market, institutional capital inflows and technological advances will contribute to the market rebound and push the price of cryptocurrency to new highs this year," said Thomas Glucksmann, head of APAC business development at the Gatecoin cryptocurrency exchange.
"There is no reason why we can not see bitcoin reaching US $ 50,000 in December," he continued
Recent selling of cryptocurrency occurred after a massive price increase for many types of cryptocurrency last year. Bitcoin rose nearly 1,300%, ethereum rose by more than 8,000%, and ripples jumped by more than 32,000%. Despite the huge price increases, some experts think that this year could be even bigger.
"We believe after February, the market is likely to be bullish, if not larger than last year with a potential of one trillion dollars," said Jamie Burke, CEO of Outlier Ventures, a venture capital firm focused on blockchain investment.
Many argue that bitcoin and other cryptocurrencies have no fundamental value. But there are also those who think digital tokens like ethereum, which can be used to build new blockchain applications, could be worth in the future as the industry progresses and develops.
Therefore we should not be afraid of the falling price, which occurred recently. Because all this back also to us users bitcoin or cryptocurrency. The more we trust it the value and the price will be stable even can rise. We do not hesitate what happened recently in countries that forbid bitcoin, they forbid just not to make payments with bitcoin or cryptocurrency, because each country has a different currency. So now we use bitcoin for investment just like gold.
Interesting post mate ! Keep it up ; I trust Bitcoin now more than ever, I've been trusting it for so long, and people like CryptoNick and Bitconnect founders should just be ashamed, because they are cowards for what they did, leaving early because of fear, it's only people like them who create the FUD period, but here we're all trusting the crypto world ! Trust me Steemit will end up running this world, Facebook can fear, bankers can fear too, I saw what they were saying at the "world economic forum", especially what the french president said, he's a moron crook who got his job thanks to the banks where he worked for 10 years, and he's using bitcoin as a scapegoat for the crisis only because he fears it, they all know it creates deregulation and a new system, they are here to keep their old shit system, but they're already obsolete, the world belongs to us now we'll prove it over time haha nothing can stop us :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That's right, it's digital and technological times. We can not escape the progress of advanced technology, so we must also be able to live in this technological era
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
And understand it as much as we can ! As knowledge is power. We mustn't trust it blindly but just follow it and learn about what the best investments can be to develop it more and more. It's hard but we must find the right balance between getting carried over (like most of the people who were saying Ethereum was gonna rise fast to 5000$) and total mistrust (like people leaving the boat because of the last crash); it will stay but we must be patient.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree with your thoughts
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
anything can happen in crypto world, 🤞 still a very ambitious target
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree with you.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit