As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.
Yea, i think so, It was too distance price between 2017-2016 price. It should slow and steady so that we may happy today with BTC price. Actually when men accustomed with high demand and that time if he not get that, this is very problematic for them. But if anybody grow up slowly he can easily adopt with any bad situation.
In 2017 price was so high and it was more than our expectation but it is only because we really supported and people invested for long term without any problem, but suddenly whales attacked the market and they sold so many coin at once which made the price down, so in 2018 price was low but now again there is a hope that market will recover and price will be high once again.
It was clearly because of FOMO, people got caught with it, they think BTC will still rise and it will change their lives.
People learn their lessons the hard way, their wrong mentality that investing in bitcoin could give quick profit lead them to big loses, but it's still not the end. They can still make profit with investing in crypto, if they will be patient enough and start to be realistic.