hi bro, how are you all hopefully we are all under God's protection, here i want to hear your opinion all about the decline in crypto prices in 2018, of course i also have an opinion about the decline in BTC prices especially, why in 2018 is the price of BTC decreasing I think that because of the increase in the number of BTC holding communities, and of course many new holders bought BTC in early 2018, because it is still new, of course they are panic about the decline in their assets, because of their panic selling low BTC prices, and in here I want to hear your opinion about this. thank you for all in this forum, hopefully healthy always
I do not believe it was a "decline" I think it was a correction from what it used to be at $20k levels. Yes the prices hit $20k levels and than dropped to $6k levels however you are forgetting that bitcoin was 900 dollar levels just one and a half year ago which means bitcoin increased 7-8 times bigger since than and even before the $20k levels it was around $3k levels which means it doubled the worth, so basically bitcoin increased insanely if you just omit the $20k times.
This means 2018 was a great time for bitcoin considering even the lowest price of bitcoin was double the average of what it was during 2017 levels. Bitcoin is stable around $6k levels compared to how it was volatile in 2017. We need sustaining and slowly progressive bitcoin prices rather than being highly unpredictable.