No Bull Run in 2018?
I am just wondering what will happen to the cryptocurrency market if there will be no bull run that can happen before the end of this year as what many have been expecting? Can we then anticipate a much lower market volume or will there be instead a big rebound like a market revenge? Or should we start watering down our expectations as soon as possible? I have been thinking of the possible scenarios because I can sense that many cryptocurrency players and holders are really looking forward for a bull run or a bullish market soon...what do you think?
Bull run last year was caused by new investors in Crytocurrency. They are also the reason why all of a sudden the price of BTC dropped and we're not able to recover back to to $18,000 plus. I guess they are scared of losing money in Cryptos that's why they decided to go back to trading stocks and dump their coins. Usually on the 4th quarter of the year price of BTC goes up. But we don't know if this year will be an exception.
Yes, the fact that we are in a huge correction this year, I believe expecting to see a bull run again this year is totally out of it. The market would surely take its time during the downtrend and also take some possible time to even consolidate as well and all these things take time.
For altcoins however, we all know how volatile those ones are and I would not be surprised that they may actually be picking up anytime soon anyway looking at how fast they are ready to move with bitcoin slight pump.
Actually it has been more than half a year that we have had a red market and people loose patience if they do not earn money from the money they have invested. Of course green days will be back because the market is dynamic and it move slowly towards equilibrium. We have embarked on the journey towards the impending boom and I hope and am passionate about the technology and that it will give away high returns.