Another 2-3y bear market for cryptocurrency could be good for the ecosystem. As long as development continues and progress is made. The recent popularity of Bitcoin exposed that the technology hadn't quite scaled enough yet. The good thing was it put pressure on people to come up with solutions like Lightning, which we are starting to see implemented now. Maybe we need 2-3years of less attention to the space so that the technology can mature
RE: Bitcoin: Could the Eventual Low Price be $4,000?
You are viewing a single comment's thread from:
Bitcoin: Could the Eventual Low Price be $4,000?
I don't think it will be longer bear market like in the past Bitcoin drop. This bear market should be shorter since progress and development will be moving much faster to improve the cryptocurrency markets. I mean things are changing just within months ... the recognition is there, now we just have to figure out how to "scale" the growth. There will be mass adoption eventually.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, I do think it's good for the space to clear out some of the hype. However, I agree also 2-3 years is a long time. The block reward will be cut in half in 2020, which will cut the supply and should drive the price higher by that time. I expect 2019 to be another strong year barring any regulatory surprises.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit