There will be a slump across the board for all markets before the resilient ones shine through in the recovery. Last major economic crisis (2008) led to a severe downturn in the economy and even precious metals took a hit until 2011 when they broke all time highs for gold and silver nearly saw its ATH. I think we could see another 3-6 months until more people are willing to invest back into crypto and institutions are still waiting on the sidelines for safer options amidst the volatility, manipulation, fraud and general hype.
The solution for another crypto bull run will be more custodial firms working for outside investors so that they wont have to hold their own private keys or risk losing their crypto. People don't necessarily want to know the details behind the curtain- they just want to buy in and cash out later. The learning curve in crypto is pretty substantial and it should be several more years until the next generation is fully involved in the development of this space. In the meantime the institutional money will beat the masses into crypto, but very cautiously.
As far as the trade war it is definitely affecting our currencies and the metal industries. Most Americans are already struggling because our economy is inflating faster than the wages can keep up. This is just going to add more consumer pressure as tariffs are increased and the US people are taxed more on Chinese goods.
hi @hotsauceislethal
Amazing reply!
I love to see how responsive you are my friend. Thank you for your comment.
I believe it may take longer than that. I dont think we will see any huge rally in 2018. Mass media shows no interest any more with crypto as this topic became boring to most people. I think we need to wait at least a year if not longer.
you nailed it! We do need entire generation. At least.
ps. are you yourself from US?
Yours
Piotr