Post
Topic
Board Speculation
Re: Quinlan Associates: Bitcoin Price will Crash to $1,800 in 2018
by
CRED.me
on 17/01/2018, 19:47:07 UTC
The only people who care, are those who need to sell or buy. The crypto ecosystem is on an unstoppable path. Even if the entire world bans ICOs, centralized exchanges, and all of SegWit is stolen and BTC is reverted to Satoshi’s protocol, there are developments in the ecosystem that will continue the march forward. All of those adverse events could set us back into another 2 - 3 year crypto winter if they’re severe and widespread. Seems though far-fetched or premature at this time. We should be climbing a wall of worry heading towards the nosebleed level that eventually does lead to the next crypto winter. Feels more like a bear trap in a vertical market, although the severity of the correction is alarming and we should give some weight to the possibility that we’re in the start of another crypto winter.

The 2011 bubble went from $32 to $2.

And the 2013 bubble from $1200 to $150. So the winters are becoming more shallow (and less V shaped with a longer duration for new ATHs) which is to be expected from a maturing and larger ecosystem. So the next crypto winter may only be a shallower decline but may require years for a new ATH? If we drop through the long-term support ~$7000, then I will be worried that new ATHs could be years from now.