Certainly, this is not the end of cryptocurrency or blockchain technology, but unfortunately, all analizes are saying that it is also not the end of price drops. I know that we can not predict the price of Bitcoin, but it looks like soon we will see its price below $3000.. Hopefully not.
Why "hopefully not"?
The price going below $3k now isn't going to affect the next bull run. I wouldn't be surprised to see 6 months of $3k to $6k price before next bull market gets going. Whether the bottom was $3500 or is $2500 doesn't really matter, just better buying opportunity if you can get in if/when another sell off comes. Going under $3k just means better buying opportunity! I for one hope it goes under $3k. I bought Bitcoin for the first time since early Nov 2017 last week at $3800. I bought a tiny bit more at like $4200 today. In a couple days I'll have some more money and hopefully there will be a dip off this surge so I can get more under $4k. If it drops to low $3000s in December I'll surely pick up a little more. And I'll be buying a ton more in early 2019 no matter what the price is, but obviously hoping its still hanging around $4k by then.
Though I'd say its likely it won't go under $3k now, since the panic selling from the BCH split seems to be over now. But I am really hoping for 2-3 months of $3500-$4500 prices for delicious buying opportunities!