In my opinion the next few months are slowly turning into a make or break time for Cyrpto. I don't think it will break completely...But it may collapse before doing a "Phoenix" and coming back in another form. Just looking at the BTC price slowly but surely sliding to lower lows and not making new highs seems to confirm that many people are converting back fo Fiat. I strongly believe Crypto will remain in some form or another but these times are not for Widows and Orphans to be investing in it. Said that a little is ok...who knows we may have another bonanza! $1000-$2000 seems a good risk reward level...but it all depends on your personal circumstances...I haven't got a Falcon and a Camel! I am steadily mining investing and trying to stay upto date with the Bitcoin Backdrop....it ain't easy but we are the pioneers of an exciting age... Remember 99% haven't even heard of Bitcoin.....Try and ask your friends and family what it is...you will be amazed at how ignorant people are. Comments always welcome....constructive ones..
These ups and downs happen probably at least once a month and usually always recover within a few days or a week. The currency is still in its baby period really so instability is expected. I do hope at some point it can find stability somewhere so it can gain mainstream confidence and adoption, but at the moment there's still a lot of money to be made by us speculating on the price, so either way it's win-win.
ever since April the first week of each month has shown some volitility followed by a smoother and steady rise. the only different this time is that december is the blackfriday/christmas period where people spend alot more in bricks and mortar stores. so this month there is a bigger noticable price change while people grab their fiat to buy their family things.
along with this , the panic traders escalate the numbers, and the FUD flinger's try that little harder to throw more FUD around because its never low enough yet for them to buy in.
this is not a bubble bursting, this is best described as a menstrual cycle.
some months can be great, waking up with whatever the female version of 'morning glory' is. and other time, stuck with bedridden cramps, stress, and agression.
you just have to learn to watch out for the signs and know the time of the month to ensure you do not get on the wrong side of our beloved.. bitcoin