Bitcoin did not mainly crash because of regulations or any other reason that the media tries to sell to you. Bitcoin crashed because it was set up for a big drop.
Four years after Bitcoin was introduced to the world it crashed from $979 all the way down to $300 overnight. It then continued a slow downtrend for two years.
Later in 2015 it started it’s uptrend again. Another two years later Bitcoin crashed again for almost the exact amount as it did four years ago.
So Bitcoin crashes were not something new. It was a simple repeat of the market.
It has to look something like this:
Bitcoin grows mostly by the purchase of coins by beginners and enthusiasts. They are the ones that had to suffer when the bubble burst. But professionals left with their pockets full.
So it took 4 years from 2008 to gather enough excited people to create the first bubble and another 4 years to create the second bubble.
It seems that the third wave of overly excited people will be gathered throughout the next 4 years. As a result, Bitcoin will be able to achieve huge 1300% climbs once again. So the price of Bitcoin would skyrocket to almost 400k per coin.
This sounds crazy but you can still call it a small bubble by today’s standard as the total valuation is only about 800 Billion.
If you compare it to the dot-com bubble with around 10 trillion dollars, this valuation is pretty low. So there is a lot of space for Bitcoin to skyrocket in the future.
Following the trend, we expect that an uptrend should happen again in around two to three years. In four years it might reach his high point and crash again.
But these are only speculations and no advice. Be careful with your money and always remember, buying cryptocurrencies is not investing it is gambling.
I wish you all the best.
If you want to learn more about Blockchain so you can invest better here is a helpful site: Nirolution-Blockchain
