Bitcoin's price has once again fallen down today to $6,315.
One of the great benefit of this bearish trend is that more speculators and new investors who just want to get rich overnight have mostly moved out or still moving out of bitcoin in search of another magical high ROI giving asset.
Thank God its once again not bullish.
Atleast bitcoin would be left with its loyal holders who wish to enjoy and support this technology by using btc for payments,etc.
For a time. How long do you think that will last? It was the same way in 2015, when average folks and the mainstream media agreed that Bitcoin was dead. With how fast this market moves, I wouldn't get used to it for too long.
I'd be very surprised to see a bear market last longer than 2-3 years, and I think a long term sideways is very possible too. We can't rule out a April/November 2013 move either, although Johnson Lau's BETI doesn't seem to agree with that.