RE: Lessons from History - Crypto is not really a bubble

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Lessons from History - Crypto is not really a bubble

in cry •  7 years ago 

yes BTC will be future.but at this point BTC need much attention of people.BTC will run any time because it holds strong support 6k level.people will enter any time then BTC will be on MOON..

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@steem-guru People will definitely Jump in when the rally starts . everyone is playing safe. And the rally will start, only when Whales start Playing .. Isn't it

no its illogical to say will be rally

bitcoin is in serious bear market noone would risk millons trying to pump steem a few cent

Yes your right

agreed. people always chase price.

But to do that also is not easy , as if you want to to enter in early you have to be very attentive.

  ·  7 years ago Reveal Comment

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yes bitcoin is future but is in serious bear market now with no signs recovery volume gets weaker and weaker and falls more will be months by the looks till return to growth

No doubt it's a correction phase as well some regulation clouds are around.. I believe after a certain level of regulation things will grow with much more rapid pace.. Bitcoin and related networks are really creating a value and have to be part of future.

A correction would be a small percentage over a short time frame

who can say when will return to growth

maybe will keep going down until $1500 and wont go back up untill after the next halving in 2020

Yes it might be .. but price is a direct reflection to any improvment or value BTC is added to whole cryto eco system .. as soon as any such value triggers we can see a price jump

price isnt really a reflection ecosystem grows all the time but prices fall

look at the growth of bitcoins hash rate 14 > 40 in 6 months yet price continues to fall

https://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a

The best part is unlike centralized networks the innovation is happening around the edges of network and open to everyone with any permission . so day by day we can see a lot of value and innovation being added ..

I gave you an upvote on your post. Please give me a follow and i will you a follow in reture and possible future votes.

steem-guru, I gave you an upvote on your post. Please give me a follow and i will you a follow in reture and possible future votes.