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RE: Bitcoin - Where Are We Going? (My Thoughts)
@brianphobos I was under consideration that crypto market will make some good moves in June/July 2018 and we will get good amount of returns. But the things are not always similar to what we think. Crypto market did exactly opposite. Now we are close to mid July and bitcoin is still playing between $6000 and $6800.
I see people say this alot, oh 2020 will be a better year? I never hear anyone give any logic or reasoning for why though? Also you siad moved in June of 2018, that has already passed
I think lots of institutional investors want to invest in crypto. They are not doing this because of government regulations. Once most of the governments regulate bitcoin and other cryptocurrencies we will definitely see certain growth.
Also there are many major projects which are having great potential and they are way ahead of current financial situation. As and when time passes, these project(altcoins) will add more value to the market cap. According to me, we will see huge growth in crypto till 2020.
A lot of people were thinking that because of last summer we had a surge especially with the alt coins. I think a bigger issue is we are still seemingly coming down from the parabolic phase so what lead up to this summer was different than what lead up to last summer. I sure hope we can get a good surge going the second half of this year but it is always hard telling.