BITCOIN IN NEVER ENDING DOWNWARD CYCLE - WILL IT END?
Updated
What's going on Crypto Maniacs?!
I know most of you are worried about what is happening to Bitcoin right now, why is it falling and so on.
Let's start it up slow...
What is happening to Bitcoin?
We are in a massive correction process currently. At this time we are around 67% correction and if history repeats itself we will end up between 72% - 85% correction - but don't panic, it's only natural (taking into account massive FUD, price manipulation and price control attempts)
When will we recover?
Answer is fairly simple... SOON. Recovery is near guys, believe it or not it will happen in short to medium term. This won't be an ongoing cycle. Don't look back to 2012 - 2014 when it took years for the recovery to take place. Our market cap back then was measured in millions. We are over a quarter of a trillion market cap today. Bitcoin and ALTS are at a very beginning stage of 'notice' and 'adoption'. Just imagine that with over 1,500 Crypto's out there, Apple is worth 4X as much as all coins - tokens combined. That's nothing when we bring in Amazon, Verizon and so on. You get the point. Cryptocurrency still has time to grow as it is at it's very early stage of growth. It will take another 2 years at least until Bitcoin will become over 10% mainstream in United States and another 8 years for mass adoption to take place. Just FYI - don't quote me on dates, just private thoughts and estimates based on articles read and analytics.
What can we expect in short term?
Fall down, before we break resistance and bounce off one of our demand zones.
Another important thing to note is that Bitcoin was worth $1,000 - $1,500 12 month ago, today, just keep that in mind.
Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
I know most of you are worried about what is happening to Bitcoin right now, why is it falling and so on.
Let's start it up slow...
What is happening to Bitcoin?
We are in a massive correction process currently. At this time we are around 67% correction and if history repeats itself we will end up between 72% - 85% correction - but don't panic, it's only natural (taking into account massive FUD, price manipulation and price control attempts)
When will we recover?
Answer is fairly simple... SOON. Recovery is near guys, believe it or not it will happen in short to medium term. This won't be an ongoing cycle. Don't look back to 2012 - 2014 when it took years for the recovery to take place. Our market cap back then was measured in millions. We are over a quarter of a trillion market cap today. Bitcoin and ALTS are at a very beginning stage of 'notice' and 'adoption'. Just imagine that with over 1,500 Crypto's out there, Apple is worth 4X as much as all coins - tokens combined. That's nothing when we bring in Amazon, Verizon and so on. You get the point. Cryptocurrency still has time to grow as it is at it's very early stage of growth. It will take another 2 years at least until Bitcoin will become over 10% mainstream in United States and another 8 years for mass adoption to take place. Just FYI - don't quote me on dates, just private thoughts and estimates based on articles read and analytics.
What can we expect in short term?
Fall down, before we break resistance and bounce off one of our demand zones.
Another important thing to note is that Bitcoin was worth $1,000 - $1,500 12 month ago, today, just keep that in mind.
Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
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Note
Falling wedge has been broken
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