Today we can see red Crypto market again and we have erased all gains that we had lately. It is not nice to see that but these speculative drops becomes something normal at Crypto market, no matter if we like it or not. This drop is happening without any major news. Some speculation is that someone from Goldman Sachs is behind this but I really don't care for that and it doesn't matter is it true or not.
Obviously we have not finished bear cycle yet and we have to wait more for a bull run.
We need some Spark to start Bull run again.
My hopes were that this Spark is EOS and it has failed to start next wave of bull run because it is facing many internal challenges.
I am EOS believer and I am sure that all these problems at start won't affect it long term and that they are normal at phase that EOS is. EOS is my largest Crypto holding and I believe that it will be THE MAIN PLATFORM for DApps.
EOS is in its infancy and you can't learn how to run before you learn how to walk.
On the other side, Bitcoin is developing in a right way but price doesn't reflect that. LN is growing, we have less problems than before but people easier invest in speculation than in established products.
Many people are waiting for Bitcoin ETF. There are pros and cons about it but I have positive opinion about ETF. Any mainstream tool like ETF is good for Bitcoin adoption. I believe that BTC ETF will happen for sure but I don't believe that it will happen this year so maybe it will be Spark for a bull run later in future.
Higher possibility is that LN becomes fully functional and Spark next bull run in my opinion. Development is going fine, number of nodes capacity is going Up and this is happening faster than many LN opponents think.
When I am talking about Bull run, I don't mean about revisiting old hights. Maybe we will revisit old heights until the end of the year but that would not be a bull run. For me, Bull run would be reaching new heights and that will not be so easy.
Many analyst are playing with prognosis and numbers but I really think that nobody knows what will be in the future.
This current situation is not bad at all and I believe that all Crypto believers use it for accumulating Cryptos that they like.
I really laugh at statements that Bitcoin is doomed, failed, died...
Tech is developing, BTC and EOS adoption is rising and only that matters to me. We are stronger than ever and I am sure that we will hear again people regretting why they didn't bought Bitcoin and other Cryptos when they could.
Regards,
It's inevitable!
There will be one soon
To the question in your title, my Magic 8-Ball says:
Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.
Another theory regarding the recent crash is that some wallet containing 110,000 BTC just became active after four years and spread the bitcoins to multiple exchanges and other wallets. I see this from another perspective. I think that the whale doing that is probably preparing for something huge and just sent his bitcoins to different exchanges to have them ready to sell when the next bull run, as you talked about it, really comes.
People however in this environment are really dumb and sell at any news without using their brains a bit. I am not claiming that I am a smart trader or investor, but I am not selling cheap. There a lot of potential into the market and we are gonna see a bull run again. It's just that it's going to come when we least expect it and not when many are predicting. These markets have put to the ground tons of predictions. I don't believe in them anymore. As I wrote in my post yesterday I expect the unexpected and don't believe that much anymore in theories that try to prove that history repeats itself.
Why would a whale risks putting their millions in Bitcoin on exchanges waiting for a bull move that could take months to develop, this doesn't make sense to me...
Probably that whale knows something and it's not risking anything and not waiting months either. Now it makes sense?
I agree with you and I have resteemed your post. I just hope that you are not still 95% into XRP 😁
Thanks for the resteem. I just saw it. I am actually about 99% :) now. I know, I know what you are going to say, but this is my biggest gamble. I have A FEELING with it. It's almost an obsession. Same as with Dogecoin.
Wish me luck!
Good luck :-)
There were stories in Reddit about a wallet that contains over 110,000 Bitcoin that were active back over some years of been forgotten, and that maybe the owner did a massive sell off of his Bitcoin that leads to the plunge in price of Bitcoin. But I believe the bearish mode will continue because investors are weary about the market direction for now
Everything uncommon is causing drop. That is clear signal that we are not out of the woods yet.
I did read somewhere, that a BTC wallet with 110K BTC in it, waked up after a sleep of 4 years. If this person is selling lots of them, this could have caused to steep dive in the cryptomarket!
I am also still positive but I don't expect that new records will be set in 2018! I do expect that BTC could be around 10K at the end of year!
I really think that BTC adoption is more important than current price. If adoption is rising, price will follow for sure...
That is one hell of a truth!!!
I put investment in EOS as well. Even start playing the EOS Knights game :).
Few days ago @jrcornel posted about Satis Group report of top 10 cryptos and price prediction.
The EOS prediction was terrible. Next year 0,05 :( and after 5 years, bout 5$.
Now nobody knows the future, and this are just a predictions.
But I believe that a little patience is needed and if somebody is serious about crypto he should be ready for years of waiting. Nothing good happens over night.
EOS price will directly depend od DApps success. We can see what is happening with ETH because DApps on ETH are not useful...
I really believe that Bitcoin is going to do well long term. wonderful post my friend cicbar, Just watching what is going to happen, and trying to react accordingly. God bless your work and your successes ❤
Really amazing information . You are the best .
Thanks for sharing @cicbar
This is the toughest question...
No one has answer for this...
Hi @cicbar!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 3.727 which ranks you at #4855 across all Steem accounts.
Your rank has dropped 15 places in the last three days (old rank 4840).
In our last Algorithmic Curation Round, consisting of 450 contributions, your post is ranked at #189.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
EOS at 4.75 is cheap cheap! BTC at 6200 is cheap cheap.
STEEM at 0.75$ is extremely cheap :-)
agreed
True.