Markets tend to be calm in summer (northern hemisphere), many investors are on holidays. May be some quiet months will come, with sideways move, in a channel (6500-9500?)
But I doubt real market capitalization bottomed by 250 billion USD. A lot of bitcoins are lost forever (or never moved from teir original address). May be by other cryptos happens the same.
Does somebody know how many Cogecoins are lost? I almost deleted the Dogecoin app as the coins were worth nothing in 2015, may be 3-2 USD. (This January I recovered 400-500 USD from this Dogecoins.)
I think your right on that, and I'm totally fine with a trading channel of 6,500- 9k.
Oh, and never liquidate cryptos! You learned a valuable lesson with you dogecoins!
$10 today could very well be $500 next year!
Could be, but also 0,1 dollars. Everything is possible. I prefer a balanced portfolio, different cryptos, and shares, mining companies, bonds...