Post
Topic
Board Speculation
Re: The fourth quarter of 2018 not the brightest
by
pooya87
on 17/11/2018, 05:59:22 UTC
the fourth quarter of the year normally determines whether that year is good or bad for the crypto market.
not really!
the year is good if the year is good not if in a couple of months price goes up! and being "good" is somewhat subjective. last year was good because price was rising. this year is also good because price came down and let people who were left behind to catch up in accumulating bitcoin.

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if you look at the last year 2017 the cryptocurrency market started booming in the early October
not really!
bitcoin price by October was already 6 times higher than the beginning of the year so you can't say it "started booming"!

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the market is crashing very badly in November.
it is not crashing, it dropped and then stopped. and it is all about the short term drama of BCH.

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i guest this year is not the good one for bitcoin and the cryptocurrency in general.   
it is good for altcoins too, since now that they have gotten dumped you can see that they are getting closer to not-be in a bubble anymore and you can start calling their prices healthy again if they continue this way.