Everyone claims to be right, but their claims are based on the information and the information is false. Your decision is based on your mental judgment, your judgment is wrong and your decision should not be based on perspective, it is about perspective.
When Bitcoin fell to 6,000 earlier this year and then returned to 8,000, many thought they saw the worst, but the time had come to turn speculators into fundamentalists. Since then it has struggled to stay above 9k and during writing, it has dropped back to 6k. Bitcoin now stands at 7k with a market capitalization of $ 1. 5 billion, compared to a peak of more than $ 2 billion a year ago.
Since traders and speculators buy at $ 12,000 or more, it seems unfair that fundamentalists are outperforming them at the same time.
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I believe cryptocurrencies are part of the future, but development and full acceptance will be slower and slower than many initially think. Of course, it all comes in phases, so do not be stupid – we see all the reality. If you want to import the highest point of the bitcoin price ($ 12k – $ 20k), you need to target a long-term investment of at least $ 10,000, if not more.
This is not the first bear market in the crypto-currency – there were previous bear markets, but with the calm and serenity that accompanies a bear market, I decided to look at what is happening and what we are not paying attention to. The price of Bitcoin has fallen by 1. 2% and the market trend is in the opposite direction as what happened in previous bear markets.
That was at all times, then the crash started, and now, according to CoinMarketCap, it has dropped by about 1. 2%.
The Mt. Initially, there were rumors about Gox’s relationship, but in the weeks and months that followed, it deepened. The price of Bitcoin dropped below $ 600, then back to $ 500, and then to its everyday high of $ 1,000.
Once it was even $ 110, but if you consider that once $ 1200 became $ 110, it is now worth less than $ 100.
It’s still a 70% drop, but it’s more than 90% of the drop, and it’s a sign of how bad 2018 will be.
I’m not saying we should be thankful that things don’t get worse, but I’m just giving perspective.
Bitcoin accelerated in 2016 and in March 2017 reached an all-time high. The biggest increase occurred in 2015, but bitcoin has recovered since 2016.
Of course, the price rose to $ 750 over a period of four years, but it was not convincingly above that price. Those who bought up in November 2013 had to wait until March 2017 to settle. If you combine the events of November 2013 and March 2017 with what the market is experiencing in 2018, you get the classic outlook on the bear market.
If it took about 40 months to reach the historical high of the previous bear market, it would take about 30 months before the market forgets everything and returns to a level we are all happy about. Certainly, bear markets will not end so quickly, but the fundamentals remain the same. The market is much more stable than 4-5 years ago, and it is much closer to its long-term target of $ 1,000 than the $ 2,500 level.
Personally, I have January 2019 in my opinion, but it may take longer and the bear market may not last more than 20 months. I see a bitcoin at $ 20k and see the police take it over, so personally, I would not see it exceeding $ 2,000 by the end of the year.
This is definitely a good time to buy, but only before there will be bloodshed on the street and blood on the street. This is an excellent time for a long-term investment in Bitcoin, not just a one-time investment.
I am certainly not selling a serious portion of the crypto assets at the moment, but it depends on what you are buying and how much it costs.
No one has money to throw away, in the true sense of the word, and you can keep it as long as you want. It’s just a matter of time before I can afford to lose all my money, and whether I want to.
The key to benefiting from any trade or investment is to buy low and sell high, and the key is to buy low or sell high. If you can not wait forever, you should sell or buy and sell after six months or less. Last time it was 4 years, we hope it will take less than 2 years (much less) to give you back $ 20k, but I play with the assumption that it will be bought and sold after months and not years.
Just to keep perspective, we’re still on a bear market for four months and that’s still only a fraction of the price of a year ago, but still a lot of money.
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