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RE: How Long Will crypto Bear Market Last? How Low Will Bitcoin Go? Ft Marc De Mesel
I am afraid that for the moment IMHO, it is a case of "elevator going down" for the crypto asset class as a whole. The flip side of this is that it could be an opportunity to accumulate coins that you believe in. However given the volatility of the asset class we could have a lot further to fall before the trend bottoms.
I... unfortunately agree with you. I say unfortunately because I think it will continue in a down trend before we see a realistic rebound. Am I the only one who feels every time the entire market drops is due mainly to some kind of market manipulation by lager investors?
@gzthesnowman I am sure there is a lot of market manipulation going on but there may also be a simpler answer. .. volatility. Any asset that goes up 20x in one year can IMHO go down 20x as well' Until the crypto market is driven by measurable metrics such as adoption or profits it will always be at the mercy of the next crypto press release.
Absolutely true and currently what we are experiencing if not manipulation. Real world uses will be the future driving factor for crypto so hearing things like XRP signing with big banks, IOTA and VW partnering among other big crypto partnerships is promising for real world adoption. The dark days are almost over... i hope :)