Since I have been trading, every correction has been followed by new all time highs for most cryptocurrencies. If this trend continues, many of us trading today will become wealthy. On the other hand, given the growing trend of new government regulations, this may be the beginning of a long winter. Where do you think we're headed in 2018?
We have seen this a lot of times that when there is a huge price correction, there is a great chance that the market will hit a new all time high and vise versa. This happens because there are many people that are entering the market when the price drastically go down and that is called hype. But the thing is we can't say when it will happen again since no one can predict what will happen to cryptocurrency market in the future, and it doesn't mean that when the market crashes it will immediately recover in short period of time (but still possible). This might not happen but I think Bitcoin will have a new all time high this year.