Analysis by Jonas Borchgrevink on hacked.com:
Large cryptocurrency such as Bitcoin , Ethereum , Litecoin and ripple decreased by more than 1-8% on 1.7 day
I want to let you know what I think of the cryptocurrency market we are facing today, as I have done before (in the 2014-2015 period)
Cryptocurrencies tend to operate in a triangle, where there are more attractive opportunities, media coverage, prices are rising, and everyone has the opportunity to "make money."
There is speculation that recent increases in Bitcoin and Ethereum have been due to investor support for ICO projects. I believe Bitcoin prices hit an all-important target of $ 3,000, and the worst history will repeat. Bitcoin prices, including other crypto, can fall 70-80% between 2017 and 2018. Crypto price hype seems to be ending, scam projects are increasingly appearing scam.
Investors in the cryptocurrency sector are impatient, when they do not see the price increase but rather stand still, they give birth to feelings of depression and anxiety. This could lead to a sellout that creates panic in the market, and then prices go down.
Of course, I could be wrong, in which case the price will continue to increase to $ 1 million for every Bitcoin , but my intuition tells me the Bitcoin price will continue to drop to at least $ 1,000 per Bitcoin in the Next year (hope you were wrong).
What does this mean to you?
You should not keep too much money in cryptocurrency because you may lose. Do not bet everything on the cryptocurrency economy. Break up your asset pool into traditional assets like gold, silver, and even corporate bond funds like I have.
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