We shall see. I'm starting to think this correction is going to play out as a massive rotation out of Bitcoin into some of the other top competitive coins like ETH, ADA, NEO, EOS, etc...
I could definitely see an extended correction like Bitcoin's back in 2014-2016. However I think this is where the true Bitcoin competitors with shine and rise to the top. With Bitcoin's growing popularity we've seen some real issues coming to the surface, namely: transaction fees and transaction times. These issues primarily stem from Bitcoin's 1MB blocksize cap, this is a great starting point for other coins to address and differentiate themselves. Regardless of all the speculation on where Bitcoin and the rest of crypto will be tomorrow or next week, I don't think we can truly say that bulls or bears are "right" until years down the road...
We shall see. I'm starting to think this correction is going to play out as a massive rotation out of Bitcoin into some of the other top competitive coins like ETH, ADA, NEO, EOS, etc...
I think a lot of the crypto world will go down with bitcoin. SBD might drop down to $1. Hopefully steem stays above $2.
I could definitely see an extended correction like Bitcoin's back in 2014-2016. However I think this is where the true Bitcoin competitors with shine and rise to the top. With Bitcoin's growing popularity we've seen some real issues coming to the surface, namely: transaction fees and transaction times. These issues primarily stem from Bitcoin's 1MB blocksize cap, this is a great starting point for other coins to address and differentiate themselves. Regardless of all the speculation on where Bitcoin and the rest of crypto will be tomorrow or next week, I don't think we can truly say that bulls or bears are "right" until years down the road...