RE: 2018 analysis for bearish crypto trends and drops and will it moon again for bull run?
Appreciate the time and effort you put in the post, but I would like to point out one thing:
Value isnt questionable, thats the main reason institutional investors are looking forward to invest in it. Value will increase once we actually use it for transactions, the way it was meant to be. I'm looking forward to their lightening network upgrade, when it becomes usable by the mass. We can see an enormous boom once the mass can use it.
Fiat currency as such has no value, because the government and central banks say "It has value," and 1 dollar is equal to 1 dollar, so we believe in them. You can also not define the value of 1 dollar. Or even 1 rupee.
I do have a separate theory, and I'll come up with it soon. This appears to be a natural market cycle if we look at the previous charts.
And long periods of consolidation leads us to Moon. So lets wait and watch....
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