As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.
We still lucky because bitcoin prise not too low but it is quite stable now. Time will come,maybe next year bitcoins value will be more higher than last 2017. Let's just wait and see. Only time will tell if what will be happen to bitcoin and cryptocurrencies.
We can say that 2018 is the year of Correction? My one cent of opinion, if we look back on the history since the 10 years ago, we can see the few Dollar price value to a Thousand to almost 20K in the late of 2017 then drop and stabilized at 6K plus as of this writing, one should always remember of the Volatility of the market, the volume of investment made by the investors, the market structure, the fundamentals and the consumer's behavior or the confidence to Crypto market. All of these happen in every Stock or Crypto market or it is normal to have this in the market. i would say therefor, that it is more on the Volatility that affects the market.