The price was about 3800 till the end of August 2017 and then suddenly the market changed and the price reached to almost $20000 till December. In the second month of 2018 the price reversed and went to its previous actual price, but those 6 months made some investors millionaires and made some bankrupts. That bump was totally created temporarily.
No one is bankrupt yet unless for those who put all their life savings out of greed into the cryptocurrency space without even understanding the volatility risk. However, with some patience and as long as no one sells for loss, 1 bitcoin still remains 1 bitcoin and the future is glaringly bright for those who are smart enough to see it and I believe a time will come when even $6000 will be something impossible to get to see as far as the value of bitcoin is concerned. It is just simply because a lot of people are so keen about the short term that they lose track of what the possibility of the long term would be.
We have a full report on the price movements and stabilities or instabilities exist in 2017 last year and in this current year almost all the investors know very well about prices and their movements. We have been noticing that value is stable after a downfall we had price fewer than 10k dollar and now the price is still here. I hope that 2019 will be very good year for all of us as we are here to make sure we will get profit.
One thing is that the market will always have two different phases and that is either a bear phase or a bull phase. We had the bull phase throughout last year, and I remember so many times, we kept saying a huge correction was coming, but out of greed and ignorance, so many people and most especially the new investors who refused to listen and also had no knowledge of a market, tend to just stick with their greedy minds to getting rich fast instead. I believe years to come will most definitely be good and I have no doubt about that at all.