When Bitcoin was in a clear uptrend, then even if a fool can have faith to buy BTC, hold and make money quickly. But now when Bitcoin is in a clear downtrend, only few traders who understand the fundamentals of Bitcoin will still hold on to it and weak hands will loose by selling BTC at low price.
During this time many fundamental changes have been happening which will ultimately give positive results for BTC future and overall future of all cryptocurrencies. But there is no doubt that the rate of growth of BTC and other cryptocurrencies have been slow down for now due to various reasons and mainly due to price manipulation by margin trading. But it can burst out in upward move at anytime more powerfully than ever before.
Cloudballs posted: What are these 'fundamental' factors? To me it looks like regulation is going to kill the crypto market in a few years
No, regulations is one of the fundamental factor which I am talking about in favour of cryptomarket.
First of all, regulation doesn't mean ban and no one or no country can ban cryptocurrecies in any way, because that is the nature of cryptocurrencies and hence, there is nothing like killing of crypto market. But of course, these regulations can slow down the rate of growth of crypto market which is in a way positive for crypto growth in long run.
But regulations are important to build trust of people on crypto currencies, otherwise, many booms and bursts along the way can make the investors loose trust in them. Because as I mentioned many times in this thread almost 95% of the existing cryptocurrencies are either a copy of other crypto or simple scams to take out money from investors without having any significant use case of their own. This is what is causing massive up and down ride in cryptos.
When we are talking about daily usage of cryptos similar to regular currencies we are talking in terms of trillions and not billions and crypto total market has not even reached 1 trillion yet. So there is a long way to go and regulations are important for each country to build trust among users.
Though there are many other fundamental factors to be discussed, but I hardly get anytime to do a research on them and also I avoid doing so now because crypto is still going through a correction and so there will be no instant effect on the market due to the fundamental changes. But in long run will have great positive impact.
Some of the examples are adoption and introduction and legalisation of cryptos by companies, banks, governments etc. Note that even if
Another fundamental change is introduction of Bitcoin lightning network which can be introduced in very near future and I am not aware of exactly what is going on now regarding this.
leo23 posted: Crypto markets are now getting ready for a big rally this year 2018.As I mentioned earlier this year will be year of paradigm shift from fiat currency to cryptocurrency and this year will be the beginning year towards the end of fiat currency, end central banking system and end of hard cash and hence, end of forex trading as well.
It may take few years around 3 to 5 years to massively erase the fiat money and wide adoption of cryptocurrencies, but this year will show a clear sign of shift from fiat money to cryptocurrencies which will at least bring some awareness among people who are still hoping to use fiat money in future to make them realise that the end of fiat currencies and banks are coming faster than they think.
Now, there are probably more than 10 or 20 cryptocurrencies for Big rallies in the near future along with the price increase of Bitcoin. Though I don't give any financial advice on any cryptocurrencies, but if anyone is interested, then I will put the list of top 10 cryptos for Big rally this year 2018. When I say Big rally means at least 100 times gain from the current price.
There are probably more than 100 cryptocurrencies which can very easily gain 10 times as compared to current price in 2018, but I am interested in coins only if they have a potential of 100 times gain. If anyone is interested to know the list, then comment here.
Dude, I'm very interested in watching your thread. Continue in the same spirit. 😉
The title of this thread is coming to be true in coming few months. I mean we can easily see a BTC price between 150K to 200K by end of this year.
But why I am putting a comment now?
It's because as I said earlier when the market is going up in a bull run, then anyone can tell that it will go up, but now when the market is completely under bearish trend that's when it matters to know and predict the bull run which can be useful for others.
That doesn't mean that BTC will not go any low and will go straight up. NO, it's not. In fact, it can go to any low price and that's the nature of overall crypto market as well as nature of Bitcoin price.
But of course, we have to first wait for sometime until it clears the fundamental psychological levels like 10K,15K and 20K and should stay above 21K for few days.
If you are skeptical about what I say here, then you should first read my first thread which I created last year approximately at this time and read the entire thread what happened next in coming months. Also, it doesn't mean that it will happen the same this year.
NOTE: I am not giving any financial advice here for you to invest in any of the cryptocurrencies and these are my personal opinions. You must do your own research and analysis before you invest any money.
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