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?
Yes we could surely expect the bullish trend to return as we could see SEC admitting in favor of allowing cryptos and even most of the world governments relizi ng that they could regulate the crypto market and get income instead of completely banning cryptos.
SEC impact is already price in I believed. But to be bullish this year, something big should happened to the ecosystem. And that could be the implementation of Lightning Network.
We all know that we have high hopes for LN soon, and once it is being rolled out, the argument that bitcoin is nowhere the micropayment that Satoshi envisioned will be throw out of the window.
This event will really push the price of bitcoin and we can expect the bulls waking up and trying to fight back to bears and overcome it once again.