2017 has being one of the phenomenal years for the people who had stayed invested till the last. It has given some of the unexpected rise during the last couple of months in 2017. Though the start of Jan 2018 was good the market kept moving up but during the later half the market started to sin and back to 10k levels at present.
How do you predict the 2018 year to be for bitcoin. Will it rise back like 2017 and if yes than what could lead to those rise and if no than what factors could be accounted for the downfall?
I have no doubt that by the end of this year the price of bitcoin and the level of capitalization of the market in general can reach much higher figures than in 2017, however that would not imply that the performance of bitcoin would be better than that of previous year, because the 2017 performance was above 1000%, and for a similar performance to be presented this year it would be necessary to see the price of bitcoin above $100K, and to be honest the current conditions of uncertainty do not seem to be conducive to see such an explosive growth this year.