Ture Demster is an economist and investor.
The following article references an opinion and is for informational purposes only. This is not investment advice. Find a duly licensed professional for this.
Despite a good period of six months, for 2018, we see more isolation and negative potential in Bidcoin price in price, lack of retail demand, hesitation with institutions and current market cap which is far more than the available activity on block blocks is . that sounds like
Many investors and advisors are on record that Bitcoin was $ 5,700 this year, and higher prices are ahead. Although we are very excited about the long-term prospects of Bitcoin, we take precautions for more short-term value optimism.
To find the starting point of the historic Baroque rally in Bitakouine, which ended at $ 20,000, we had to go until August 2015 when Bitcoin was trading below $ 200. This last rally was a fantastic, historical step. Even in secular bull markets, the collective person of economic artist needs time to absorb the information embedded in specific high volume rallies.
As I have indicated in my 2018 approach, I think this year can be remembered as the year of the shakeout: Lemon market in altcoins, catching and growing pain in the regulatory infrastructure.
Short term recession
Since January, bitcoin mining hashet (total calculation per second to secure the network) has tripled, which means that large number of new or more efficient mining rigs have arrived online. With the combination of falling prices, it means that the miners who were unable to upgrade their machines or were getting cheap electricity, suffered a huge drop in profitability in 7 months, a fall of 90% (altcoins one Suford only or sharp decline).
With the profit margin under heavy pressure, it is unlikely that the miners will be responsible for the sale of large quantities in the market and will remain.
The following article references an opinion and is for informational purposes only. This is not investment advice. Find a duly licensed professional for this.
Despite a good period of six months, for 2018, we see more isolation and negative potential in Bidcoin price in price, lack of retail demand, hesitation with institutions and current market cap which is far more than the available activity on block blocks is . that sounds like
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Why am I not expecting a new bitcoin increase in 2018
By Tuur Demeester - 4 weeks ago
Ture Demster is an economist and investor.
Many investors and advisors are on record that bitcoin has $ 5,700 this year, and higher prices are ahead. Although we are very excited about the long-term prospects of Bitcoin, we take precautions for more short-term value optimism.
To find the starting point of the historic Baroque rally in Bitakouine, which was $ 20,000, we had to go until August 2015 when Bitcoin was trading below $ 200. This last rally was a fantastic, historical step. Even in secular bull markets, the collective person of economic artist needs time to absorb the information embedded in specific high volume rallies.
As I have indicated in my 2018 approach, I think this year may be the year of the shakeout: Lemon market in altcoins is catching and growing pain in regulatory infrastructure