Few days back, Bitcoin went below $6000 which infact was the lowest we ever saw after early November. Many people who were against or not in favour celebrated & were telling everyone that the crypto-bubble finally burst, we told you so etc. But on wednesday, 7th Feb, Bitcoins did recover $2000 & was trading above $8300.
Big economic gurus have the following things to say/predict :
Cryptocurrencies could go on a bull run greater than last year and pass the trillion-dollar value mark, Jamie Burke, CEO at Outlier Ventures.
Technological advancements and new investor products could push bitcoin to $50,000 in 2018, Thomas Glucksmann, Gatecoin.
Investors may focus on so-called "utility tokens" this year which are digital coins that can power blockchain technologies, Expert's reports.
In a nutshell, cryptocurrencies are here to stay but will face a little difficulty, criticism & market fluctuations.
We can keep our fingers crossed and just wait & watch, hoping for the best for everyone.
DISCLAIMER : I DO NOT OWN THE IMAGE & DO NOT CLAIM TO BE CREATED BY ME
So, when will the 'real' bubble end? Or rather what will it look like?
It is not going to end but rather it will evolve by new regulations, new technologies & new investments.
Good because WAS going up too fast
History says, crypto-market pulls back, finds a tough time then rises up even higher then last time.
Currently it's that tough time going on, let's hope the good times start very soon.
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True
Let's see what ends up happening after Lightning Network is introduced