Is Crypto Bull Market for 2018 is here now?
No one can accurately predict the crypto market upto 100% but Fundamental and Technical analysis do provide some insights about possible events which can likely occur.
Whole of 2018 can be termed as bearish market for now but can whole year can will be like that?
Last 4 months of this year are very crucial for whole crypto market because eventually its gonna decide upcoming future of Cryptocurrency and Blockchain. Let me share with you now very interesting fact from last year's Bitcoin trend because its still a dominating factor in overall market and it is also well known fact in trading that History repeats itself.
Whole 2017 was also bearish but things eventually changed during mid of September, continued to rise till end of December and we all witnessed the ATH price of Bitcoin $20,000.
Now, let's consider chart for this year too and you would find that 2017 and 2018 are quite similar
In September 2017, Bitcoin price was aprox $5550 and it rose to $20,000. This year it already have an edge over price an currently its now aprox $6900, so obviously it will not stop at 20K this time and go beyond that.
Pros of low price on Steem:
You should actually get more active and post while Steem price is low because now is again the good time to build-up your account. You can get more details about this by exploring following post by @coruscate
The Unexpected Reason To Post MORE with Low Steem Prices
To the question in your title, my Magic 8-Ball says:
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Awesome post and thanks for the shout-out! As much as I love scrambling together whatever crypto I can while prices are low... I’m pretty stoked for the next time we go to the moon. :)
and Thank You for all those awesome crypto-related posts alongwith 'The Steem Sister Show' which is definitely a must watch show.
Hoping together for infinity and beyond while scrambling cryptos now :)
Very interesting analysis. And frankly, much needed one. I have a feeling that many people are discouraged these days, precisely because low price factor. Even comparing to the end of June this year, when i joined Steemit, now there is very little energy here.
Thank You!
I agree, people loss hope easily and consistency is the only key on Steemit.
I would say that synergic exchange within frame of network is another key. Because this is exactly what increases traffic most productively. At last, Steemit is social networking service, right?
I surely hope it is!!! It would be great if I actually had money for my birthday in September but at this stage HODLING seems to be the in-thing to do...
Things can be promising by the end of September. I hope your Birthday is not during start of September
Nope 22 nd! So bring on the good times...lol!
That is a great information you shared @bluemist.
I will definitely follow your advice and be more active here. :-)
You are always welcome, glad to see if you benefit a little from my info :)
That is a great information.
Thank you