Post
Topic
Board Economics
Re: current situation of cryptocurrency for 2018
by
el kaka22
on 20/10/2018, 06:37:47 UTC
this should not be the worst value for bitcoin and also the crypto market. because 3 years even 5 years before the price of bitcoin and other crypto was not as high as this. and then in a few years later they can go up. that means there is still a big chance for bitcoin to go back up.
It is not even the worst value at all. People tend to say whatever they simply want to say just because they have some level of thinking with which they are looking for ways to get rich fast and does not even understand how a market works in most cases.

One thing they do not understand is that this is not the first time there would be a huge market correction after being over sold, and this would not be the last time, and in fact as old as stock market is, correction is still ongoing, so what makes the cryptocurrency market any different.

Yes, not everyone understands that since we have a lot of novice in the market, but at least people should know the essence here is to be picking the bottom, because the same way that a bull market usually do not last before a correction is the same way a bear market will always switch back to an uptrend at some point.