How do you think friends will new year bring relief to the market? It seems to me that the market is just overwhelmed, forks, crushing development teams, new and new projects, all of this has undermined the fragile cryptoeconomy, I think the market is likely to clear before recovery, but what do you think?
In my observation the downfall of bitcoin prices from $6.5k levels to current levels is triggered by bitcoin-SV fork announcement and switching over of miners. I mean to say the fork cryptocurrencies are impacting to the balance of bitcoin ecosystem by some means even they are not at all related to bitcoin ecosystem like just another altcoin. Probably due to heavy pump by few whales, miners are switching over which is leading for impacting on bitcoin markets too.
Let's s focus on the new year 2019, I believe there must be some big positive news in terms of bitcoin ETF and then some county to recognize bitcoins for legal transaction similar to Japan. These are just 2 examples which may happen in 2019 and then bitcoin may go back to its previous ATH levels. I am very much sure this 2019 will be more exciting than how it was in 2017.