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RE: Is a New Bull Run Possible for Cryptocurrencies in 2018?
Well, bitcoin might still have a huge leg down to, say, $4000. However, a significant market cap growth is very likely, as it is currently only around 160 billion, which is not a huge amount.
@lousithomas, if one thinks that we are nearing a bottom, do you think moving some of bitcoin investments into alts might be more profitable?
Thanks for the video.
You see bitcoin dropping to 4k? I think there are too many levels of support before we get to those lows
You are right, there are a lot of support levels. However, there is no guarantee that any of those will truly hold. There are sources stating that mining costs are around $4000, so that might actually hold.
You are right... There is no guarantee in this space.
It will be interesting to see!