Im starting to believe this and its scaring the hell out of me. My only hope is to find a stable altcoin where we could hold all our purses in until the bear market is over. My Burst investment is also not looking good lol.
If you have any STABLE altcoin suggestions please notify us lol.
Afraid cannot suggest any viable cryptocurrency as a stable investment during 2018-2020.
Historically, when any asset bubble bursts, the unwinding bear market typically lasts 2 years on average (from peak price to ultimate low); and usually erases 80%-90% in value; see here:
http://www.thebubblebubble.com/historic-crashes/Applying the same metrics to the cryptocurrency bubble, it would suggest Bitcoin at sub $1000 by Christmas 2018 or Easter 2019.
From late 2019 to early 2020, the second generation of cryptocurrencies ought to emerge as viable long-term investments; however, with stable growth, purpose fit technology, robust secure exchange platforms and real adoption not parabolic exuberance.
Paradoxically, a volatile and rapid appreciation of a currency, is a failed currency. By definition, currencies are supposed to be recognized, accepted and stable mediums of exchange not just another speculative boom-bust asset class.
Meanwhile, it is best to hold your purse in fiat currencies against the USD such as: GBP/JPY/CHF/EUR/AUD/CAD
