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RE: Coinpocalypse: Is This The End of Cryptocurrencies?
If there ever was a time for crypto in the world it is now. 100 Billion dollars is chump change. Crypto WILL be worth over a trillion dollars. It will push on and continue to disrupt the current centralized systems in place.
This is just a healthy market correction allowing for new higher lows which builds the foundation for new higher highs.
I like to think Apple represents a good 20 year chart to reflect Bitcoin (and cryptos) future. Apple is almost at 1 Trillion dollars. Crypto can do it :-)
look at btc compared to gold.. i posted in another comment and on my blog here
I saw your comment and I agree to a point... Gold is a very old market.... bitcoin is am emerging market... Bitcoins chart used to reflect golds... still kinda does... except gold has flatlined for past 5 years
Sweet avatar, broseph.
bitcoin could flatline for a while too (doubt it though). But there is likely a fully regulated clearing house coming soon. So the futures market may affect BTC price and stability.