Everyone knows about the recent hashwar between Bitcoin and Bitcoin Cash. This is one of the reasons why the market is going down. Understanding the current market, many of us are actually thinking that Bitcoin is dead, But, is it?
The most important speculation when we hit the bear market was the comment “These coins are going down, I told you, it is going to fail. I told you.” Well, that’s incorrect, We have just hit a low point in a very young market.
Crypto Market is not Going down
Cryptocurrency is not the only market which faced this, the similar pattern had been noticed in the stock market as well. Considering the similarity of both the markets we can predict what will happen to the market next. The most important point to note here is that the market operates in cycles which have different stages which make the investors and traders feel different kinds of feelings about the current stage of the market.
The important thing to do here is to take a step back, widen the view and look at the bigger picture of what is going to happen.
There is always a pattern being followed, may it be stock market or cryptocurrency market. When you get into a situation, you have to understand that this is something which others have faced it too. Maybe not the exact same situation, but something similar.
The Wallstreet Cycle Curve:
There are several stages in which the market functions and it indicates several behaviors. As seen on the graph above, we are at a stage of depression or disbelief. Now, this is something which we never anticipated in the Cryptocurrency market. The market went down, but this is a stage of huge financial opportunities.
We are at the end of the year in the crypto market which is supposed to be bullish at this point in time but it says something else. But this state of the market can be used to an advantage.
The Current State of Bitcoin:
Bitcoin came to the price tag of $5,285.27 which is similar to something which we saw in October 2017. let see how the market goes.
This might be the worst state after the bull run for the bitcoin, but for the intelligent investors, this will be a very good opportunity to buy Bitcoins and other Altcoins and get ready for the next bull run which is about to come according to the Wallstreet market curve. So do not lose hope, always consider advantages you can get out of the situations. and stay tuned for the bull run.