If you are interested: look at the graph of bitcoin in 2014. There was also a bubble crack during this period and it is very similar to the one now.
RE: Psychology of a Market Cycle | Where Are We in Crypto?
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Psychology of a Market Cycle | Where Are We in Crypto?
Great observation! This is exactly what it looks like now... only problem is the bearish market lasted like 3 years haha, hopefully this time we can start recovering before 2021!
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ahah! Yes of course it is just a fun fact, I think. I hope so 😋.
I would just precised that we cannot make some previsions only based on a similar graph. There is a lots of parameters to take in account: the number of speculators and financial banking institutes that enter in the market, the crack is more important than in 2014, causes are different...
But I think the confidence in cryptocurrencies will rise when the first concret applications will appear in the real life !
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That's true, this time round the market is entirely different, with adoption closer and real life use cases for the blockchain, cryptos are definitely moving in the right direction :)
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