Hello my fellow Steemicans, I am sorry for the clickbait title. No the markets and bitcoin are not collapsing! Read more why they aren't down below or watch my YouTube video:

Bitcoin saw an incredible increase past week

Bitcoin has risen more than 10%, I think the exact numbers are around 13%. That's a staggering increase in value! That's really unnatural. Yes, it may seem that cryptocurrencies and especially Bitcoin and Ethereum mostly seem to have an uptrend. Nevertheless an uptrend like that is unnatural. It only occurs in the cryptocurrency market so praise ourselves lucky! If you look at stocks or the FOREX markets there is almost never a continuous uptrend for a long period of time. This only happens in cryptocurrencies because this market is new and there is many growth and potential left. So we should be happy for that and not panick when there is a huge drop. Bitcoin after today's 11% decrease of value saw an increase overall this week!

Bitcoin will never fully collapse this year

For a minimum of this year I believe bitcoin will not collapse. It will take some years (maybe never) for bitcoin to fully collapse. No cryptocurrency out there is able to take over the power that bitcoin possesses. Don't forget other cryptocurrencies their value is set and related to bitcoin. So if bitcoin collapses so does the rest. The reason Ethereum is rising fast is because many projects are coming out and will relate to Ethereum's value. Ethereum is really the most promising but Ethereum doesn't only want to operate as a cryptocurrency. It wants to offer a platform for other tokens, assets and cryptocurrencies. They want to provide a different kind of service.

Bitcoin and problems they have to deal with it

Bitcoin's transactions has the speed of a turtle compared to other cryptocurrencies their cheetah. That is still no reason for Bitcoin to collapse in a small matter of time. It will take a minimum of 1 to 2 years for some other cryptocurrency (probably ethereum) to overtake. Bitcoin is not crashing, it's stabilizing. Bitcoin will still rise and it's value will increase over time.

Yesterday Bitcoin was worth over 3000 dollars for the first time! A mental and psychological barrier was broken and when that happens a dropdown is inevitable. It's just a psychological factor and that's why many levels are really important to break. For bitcoin the psychological levels of 2000, 2500 and 3000 are very important. I will not go into detail about other levels but they are out there! The level of resistance around 2500 dollars will be immense and bitcoin will probably not go lower than 2500. Those are the psychological and mental barrières to be broken and the psychological barriers where bitcoin will probably stabilize in between.

Bitcoin might be dropping now but the next time it goes over 3000 dollars, it will probably stay over 3000 dollars. The next time it will have huge difficultie, will be when they are facing the 3500 threshold. Don't panick people and hold your horses!
There is still money to be made, just relax, TO THE MOON!

Spreading the love since 1988 <3