Here is a chart that compares the prices of bitcoin. It is very important to compare price with the past to get better view of upcoming scenarios . The chart depicts the rise in the price and then the subsequent crash in the period between 2013 to 2104 which will be compared to the current rise in the price and the subsequent crash. So the question is , is crypto dead ? No !! I do not think so .
This market has seen steep rises and falls .Steep rises and falls happen periodically in any market across the world . After rapidly reaching the new highs of all time in the period between 2013 to 2014 the price of Bitcoin reduced and crashed 70 to 75 percent of it's value and came the bear market period which prolonged for more than year after which market begin to recover. Currently , Bitcoin's value is down by 60-65 percent of its value if you compare Bitcoin's all time highs prices to it .
Nobody is happy to see price drop , everybody hates to watch their assets value decrease . These cycle repeats it happens a lot of time and its best option for us to ignore the current panic and instead focus on the bigger picture. with 1-2 year long term view of the marketcap . We know that cryptos have the potential to change the world , but sadly it ran into the large scaling issues which halted it's rise . Everybody should ask themselves did cryprto die after the crash of 2014 ? No they did not . They are very far from dead now and they wont die for sure . It may take a long time for the full recovery of the market , but i think we will reach new peaks and all all time high prices again for sure .I predict the next time crypto will have a large margins . Maybe bitcoin will reach to $40000 in a year or two year . Compare the graphs and it predicts the possibility of it to happen .
Add to your stash when you have some extra money,Stay focused on the big picture, and don't panic. Remember why you invested in the first place, and remember the potential that this tech has.People can make their own decisions on when to exit and enter. Markets are being manipulated big time. Those bankers want in and those bankers are trying to get all the weak hands out.