The Fundamentals of Bitcoin are strong
Bitcoin Fundamentals Strong, Despite Price Correction.
Sure the price of Bitcoin has fallen, but it's still using more electricity than the entire country of New Zealand. Bitcoin continues to exhibit strong fundamentals, namely a growing user base and a steady uptick in transaction volume. These factors account for most of Bitcoin’s 2017 price rally and make the firm bullish on its outlook moving forward. The current pullback was not entirely unexpected, as the asset’s fourth-quarter explosion had left many analysts hoping it would enter a healthy correction to cool off the markets to more stable levels. Measuring Bitcoin against Gold, it could easily see a price of $50k if it were to capture 5% of the Gold market. This could potentially happen in the 2nd half of 2018 if it can regain it's $20k price in the first half following the current price dip. Outside of price fluctuations, there are a lot of technical features on the horizon for Bitcoin, the most exciting of which is Lightening Networks. This will enable faster transactions along with lower fees and drive innovation in blockchain development.
nice post, its just about keeping calm and hodling, bitcoin only has a healthy correction, btw there is clear resistance level hat about 7500$ and if it drops further the next resistance level is about 5000$ which i don't think btc will reach or even drop lower. So even if btc reaches the 5000$ , would be okey, this would be a nice shopping day ;) and as you said, in the second half of 2018, we probably reach the level of dec '17 !
nice post !