Friends, I read a bunch of predictions on the market, haters rubbing their hands say that this is the end of Bitcoin and crypto.
More positive people say: use and buy, decline is the best time to buy Bitcoin, as soon as it nevertheless reaches the bottom, it will grow even stronger, some like McAfee say calm down and just relax, and Ilon is going to Mars.
But if you look at the situation as seriously as possible, then how bad is it? What will save the cryptocurrency market? What do you think?
Nothing will "save" the cryptocurrency market.
Time is all the market needs to recover.
From the 2015 bottom to the 2017 top, price rise more than 128x. That was nearly three years of bull market. Nobody should expect the correction to run its course so quickly, in less than a year. Long term investors should be grateful there's more time to accumulate at cheaper prices.