I find it quite remarkable how optimistic people are. Everybody now says that this the right time to buy, but what happens when all the FUD continues throughout 2018? I believe that 2018 will be the year cryptos will become heavily regulated and I am wondering if this will really help drawing in new investors, which is an absolute prerequisite for prices to grow. The incredible surge of 2017 was caused by an enormous hype in the mainstream media, currently there is only talks about the negative sides of BTC. If this trend does not reverse I see dark times ahead.
I can also understand those that bought around the end of 2017 and who believed that the bullrun would continue and are now desperate to sell. Do you believe that there will be any fundamental news that will cause BTC to rise again? I dont see any on the horizon.
Yea but Bitcoin is 9 years old now! Everything you just said folks said the last time it went from 1200 to 200. Anyone who has been around long enough has seen this exact thing play out many times.
It's a hype cycle but for 9 years everytime it recovers from the loss of hype it blows up even higher because it's one of the greatest inventions of our generation!