Bitcoin is not going to die, its market cap is still above fifty billion dollars, I know that is very low compared to what it reached in the past but it is very far away from being an indication that bitcoin is dying, however I am not so sure that we are going to see the price bouncing again anytime soon, it is likely that what we are going to see is the price not moving much for some time, this is going to give the opportunity to those that really are interested in bitcoin to invest for a good price.

And then after some months we will begin to see a slow recovery of bitcoin, but it is not going to be a sign that the bull market is coming, it is only going to be a correction because I cannot see how a bitcoin can be worth its current price.