Is bitcoin a bubble? Can you still make money in 2018? The truth about Bitcoin and Cryptocurrencies
Is Bitcoin going to crash
In my opinion yes it is a bubble and it will probably crash again. Although we have had many correction of 10%-30% there might be even more crashes in the future. Two main reasons for it is FUD (South Korea trying to ban or hacking) and every Tom, Dick and Harry buying cryptocurrency without any knowledge. If people don't understand the technology and don't believe in it whenever there is slight rumours they will start panic selling. As I am a huge believer of blockchain Technology, I HODL!
Can you still make money from Bitcoin and Crytocurrency?
Yes you can. The prices in the short term is very volatile. People with lots of money can easily manipulate the market (Whales!). However, in the long run the prices will go up extortionately because Blockchain Technology is revolutionary. Please research more about Blockchain and comment below if you want me to do a video/post about it. Whether or not bitcoin is here to stay or not blockchain is here to stay.
What is the future?
It is impossible to predict the future. According to my analysis, I see bitcoin hit above $30k-$50k by end of 2018 and the market cap of cryptocurrency over $900 billion. In the video below bitcoin is compared to the Dotcom Bubble and Tulip Mania to discuss the future prices.
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Disclaimer: I am not a licensed financial advisor! I have done extensive research and I have been investing and trading for a very long time but still this is not financial advise. Be safe, do your own research and dont invest what you can't afford to lose!
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