My prediction about the market .
In the 2012/ 2009 this cripto market was only in the hands of a few nerds -geeks. With the events of silk road arrests the attention of the bitcoin had increased and then so many learned to speculate on it,and price grew up...even bank look at it.
We are in a terrible, big bubble ready to explode from a moment to another. Many beacame rich with bitcoin becuse t the begnning there were not so many projects, now the market is saturated and my prediction is that just one more coin will moon and then this market will collpase, the bubble will explode.
Why?
Because it does not serve the rel world needs... cme on do you really think Banks do they need the Blockchain? For what? FOr decentrlized Ledger? Come on there are better tecnology
This bubble will explode, but first there will be one coin more to rise. All is begun with Bitcoin, then Ethereum (and dash)... now one coin will be the next and then nothing more
In September 2016 I predicted the big rise and the potencial of monero, and it's hard I am wrong about somenthing... so Take your energy to find pontential coins, and please stop focusing ON DAY TRADING AND PUMP COINS WHICH WILL MAKE YOU LOSS so much money unless you are not whale yourself.
There is just one oppurtuninty in thsi market-bubble... the rest is useless and will eplode, like the bubble it has been.
Wrong analysis. Do you think people all over the world don't need a currency that's safe from the hands of the governments? in Venezuela people are working hard to earn BTC. Same for other countries.
It's obvious that in developed countries your money isn't that unsafe in a bank account, but the world is bigger than the place you live at and bitcoin is a global market. A decentralized global gold. If you think there isn't a constant demand for bitcoin there you are nuts. Bitcoin is constant demand 24/7, enough to keep the price as it is and keep it going up along with the speculative demand of the western money. Someone always needs to have BTC out there. This is no bubble, and all altcoins would follow bitcoin if it goes down, so stop thinking you are going to find the magic altcoin that pumps while BTC crashes.
Hold BTC and we are going $10,000 next year.