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RE: Did we just see the bottom in Bitcoin?
I don't think we are there yet. Bitcoin has had its worst performing week / month in ever I believe, therefore there will certainly be stories with that as the theme, or at the very least "bubble" popping type narratives. I believe there is further to go.
Perhaps the tranistion of crypto royalty to a successor is the eventual outcome, has bitcoin gone as far as it can go?
Interesting times ahead that much is certainly for sure.
Its incredibly difficult to predict the bottom without a working crystal ball.
I would be inclined to say its got further to dip, especially with the goings on in the wider economic scene. There could well be some knock-on effects from the stock slump which feeds panic in the crypto market.
Longer term, the Cryptosphere will pull out of this funk, and should eclipse its previous highs with ease.
Im not so sure Bitcoin will remain top of the pile for too much longer though - its looking a bit dated!
100% agree, way too many variables. The amount of new people who got into the crypto market in the last quarter of the year was staggering, many with the view to easy earnings in a market that only went up, like some throw back to the Klondike days.
January has shown that reality is very far removed from such notions and people are sobering up to this and cashing out.
I've mentioned a few times that education only serves to strengthen the crypto space. It is an industry built on innovation and technology, research will show those that can last the pace versus those that lure investors in like some Venus fly trap.