Hello Steemitian:)
After several months of rising and an apotheosis to 2500 $ on May 25, the last bubble of the bitcoin seems to be deflating causing in its fall all the crypto-currencies. The bitcoin, which in one month had multiplied its value by two, has indeed lost more than 25% in two days.
Two hypotheses:
- It is simply a small pause for a profit;
- This is a more sustainable phenomenon as Bitcoin has experienced in the past. For example, Spring Fever 2011, which drove the bitcoin from $ 1 to $ 29 before falling back to $ 7. We will also remember the high-profile bubbles of April and December
For me it is only a small profit of the traders that leads to a snowball effect as we have seen quite a lot in the past, if the course stabilizes I think the bubble is not finished this And it will be much more important than the previous ones (because of an investment that seems extremely profitable to the eyes of quite a lot of people) personally I can not imagine reselling my btc to less than $ 4000 and I go further, It might even be wise to keep them for the next 10 years, because the blockchain is growing and interested more and more investors / traders I think not tomorrow the day before it will disappear or be replaced by d Other blockchains such as ethereum, not because these blockchains are more or less well but for now their price is indexed on that of the bitcoin...
25% correction, the Bitcoin experienced far worse than that.
This year already there were two corrections that were almost of the same order.
January 2017 and March 2017.
The panic sellers of small traders in short panties.
The Bitcoin is a matter of patience no day trading for players not even understanding its technology,
If one takes the first 30 to 40 crypto, there must be a very low percentage of loser for any long term investor. Certain long-term must now be very rich. The one who knows made a small basket of shares in the first crypto 2 years ago barely regrets it.
It is not a price that must be aimed at, but a use, a maturity, which will then define a standard price. For now the bitcoin, even today, remains experimental. We are in the unknown. He is not even sure that he will remain the currency of the future. It could also become THE currency that would replace gold. Who knows ? no one ! Look at the usage. You will see the price afterwards (and this is of little importance in substance)
I would just say it's just a 'small' course correction that was really going up too fast these days, and that the course will resume its rise from the beginning of next week.
what do you think ??
source image : i.ytimg.com/vi/RjbSANjOLZ8/maxresdefault.jpg
