After the correction (or crash) in the market earlier this week, we saw a brief yet characteristically dramatic recovery in many of the currencies in the top 10, most of which were incredibly similar to each other.
The new period of stagnating in the prices that we are beginning to see may be irritating to many day-traders in the market, but to long term investors, this only increases excitement for the near future. With estimates of bitcoin's price varying wildly from prediction to prediction, to reach any of the stated predictions by the end of the year, bitcoin would need to see a huge amount of growth in the next five months, which it is clearly capable of. It is for this reason that the current stagnation and corrections in the crypto-market give me not doubt but only increased excitement for the growth that we may see in the coming months. A period of exponential growth is pretty much a certainty, and some may argue that it is long overdue.
I hope to look back on this post in 5 or 6 months and be able to smile at my prediction. I have a sneaking suspicion i will be able to do this.... 馃槀
Feel free to follow my account as we follow the crypto journey :)
