Consensus 2018 is right around the corner and around 7500 people have already signed up for it. These are people with money as you may know tickets for consensus are not cheap. So will this trigger a bull run like it did last year?
In my opinion, NO.
We are in this bear trend since the start of 2018 and people who missed the rally of 2017 or missed their exit in Dec. 2017 are waiting for next bull run but the truth of the matter is 2017 was once in a lifetime opportunity and we missed it. It is never going to happen again.
Every month i hear some reason as to why cryptos are going down and what will trigger next bull run.
It was Chinese New Year, then Regulation, then Tax Season and after that infamous Mount Gox trustee selling his stake or latest one is Future market.
The way i see it, people are in denial. The sooner we get out of it and realize that its not going to moon or plummet to zero, the better it will be for the financial health of crypto society.
Building wealth is a slow and steady process and if you can double your money in a year, that is a great year.
My strategy in this market is: If I make 10% on my investment, I will get out and wait for another entry. Hopefully this article helps someone.
Disclaimer : Only invest what you are comfortable to lose. This is true for any investment. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely your responsibility. I am just a guy with an opinion like everyone else on the internet.