The current situation might be the result of 2017 bitcoin bullrun and it will take many months or years before we see a recovery again. An uptrend is always follow by a downtrend according to the cryptocurrency price cycle. There are more possible factors that can affect prices in short term but the present market have been in downtrend for almost a year now and many investors and traders suspects that a group of whale have been manipulating the cryptocurrency market.

Many business in some part of the world have already adopted bitcoin as one of their payment options and many will follow soon. At this time, the pace of bitcoin adoption is still slow because most in the business sectors want it to be legalized first by the government before accepting it. Some sectors are also aware of bitcoin's volatility and rapid price fluctuations and this is one of the reasons why tgey still reluctant to use it as one their mode of payments.

The bear is still much around in this remaining month of the year and the price declines might continueinto next year. Nobody can accurately predict the end of this bear market and all we have to do wait for the market recovery in due time. I think this continued downtrend will going to test the patience of all investors and traders and I believe many will give up waiting for the recovery of the market.

There are always reasons why some countries bans bitcoin and other cryptocurrency. These countries might have strict economic or currency laws that need to be amended if they want allow cryptocurrency to be use by their people. Other aren't even prepared with the increasing popularity of the cryotocurrencies so they temporarily restricted the use of it to study the possible impacts of these coins in their economy.

The early part of 2019 might still be bearish for the cryptocurrency market and the possible price uptrend will depend on some events that will take place in that time. If that event is significant for the market, it might trigger a mini bullrun but don't expect it to be like the one that happened in 2017. Bitcoin and the crypto market is unpredictable and there is still uncertainty in the coming year and we can only hope that the downtrend will reverse soon.

The high bitcoin growth of 2017 resulted into prolonged bearish market that lasted until now because bitcoin is continue to decline. This long decline has caused also a price downtrend on many cryptocurrencies and tokens which are now lower price and more affordable to many investors who have looking for good quality coins to invest. I agreed that 2018 gave us the opportunity to buy lower priced quality coins for future profits once the market become bullish again.

It is usually stressful when you are still a newbie trader because you are still learning how to trade. All newbies should educate themselves first on the basics of trading and be prepared before they start to trade. Trading on cryptocurrency is risky and really stressful even to the experienced traders. The present situation on cryptocurrency market will make many traders vulnerable to stress because of the long downtrend.

If your bitcoin or cryptocurreny awareness started long before the before the bullrun of 2017, then you already knew how the cryptocurrency behave and including the factors that affect them. There are many bitcoin crashes in that period and yet it always managed to recover and continued to reach more all-time highs but if you are shaky investor then cryptocurrency is not for you. Cryptocurrency provides more profits than invesment that uses fiat and it is the reason why it is more risky.

When the downtrend ends, the uptrend will begin because the price will go nowhere but up. In this downtrend, we already should know all the quality coins that are worthy of our trust and money. This should apply also to the ICOs because of the proliferation of scams and investment offering that eventually stopped because they failed to meet their target caps or lack of investors. The market's return to bullish condition will take time but it will surely happen.

Those who continue to hodl their coins in this prolonged bear time will surely get their profits in due time because the market present downtrend has its own end. While the prices are getting lower, it will give us the right opportunity to acquire cheaper coins with big potential to grow in the future. Some investors overcome by panic because they have no basic knowledge on cryptocurrencies and the blockchain

The market situation for 2019 will depend on some events or developments that may take place. Bitcoin ETF is supposed to make the market become bullish but most of the applications is rejected by the SEC and the others are being postponed next year. Forks and features updates also. But no one can exactly predict the future prices of the cryptocurrencies so it better to monitor the market often to become updated daily

I also believe thatethereum will rise again due to its active developers who are continuing to make ethereum features better in the future. But I alsi believe that it will also take time for the ethereum to bounce back as long as the crypto market continue to be bearish in the next several months. The upcoming ethereum update and its hardfork next January might help the price of the ethereumto go up in short term.

I think crypto exchanges are the right place to buy altcoin, you can easily make a research on past prices of the coins when it is already listed in the exchanges. And the best time to buy them is after a major price decline where many top coins are at their lowest. ICO is getting risky to invest at this time because of the scams and high rate of failure in reaching their caps due to the current market situation. There are only few quality and successful ICOs and the rest is created to rob the investors of their money.

If you go for short term, you can't avoid worrying about the present market situation as the prices of cryotocurrencies particularly bitcoin continue to slide down. But looking at long term, it is promising because of the possibility that bitcoin will bounce back again which may lead to another bullrun. The cryptocurrency is still on its early age and I think more high growths will be coming in the future.

The market continues to be in bearish condition and the price of the bitcoin is likely to drop further before bouncing back. If you still believe in bitcoin then keep holding it till the recovery come. I don't expect bitcoin to go up this December even a short uptrend because of the holiday seasons which make investors to spend more rather than buying cryptocurrencies. Investors are instead waiting for the bottom price so they can start buying again.

I think next year might be a bit better year than this year but it doesn't mean there will be a bullrun like the one that happened in 2017. There are still price declines and we can only hope that these drops are mild compared to what happened this year where drops are 80% to 90% among the cryptocurrencies. The coming year is still rings uncertainties in the crypto market and we only hope for the best for the situation to be reverse and make a rebound soon.

#Proof of authentication

Bitcointalk Username: Rooster101
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=917908;
Campaign joined: Signature
Telegram username: @jhun2021

It still uncertain if January will bring us good news and that crypto market will finally back to bullish mood. I don't rely on predictions of the so called "experts" anymore because they will surely bound to fail. You can't predict an unpredictable cryptocurrency so it better to study the market instead of waiting something to happen. The return of the bullmarket will surely happen in the future but it provide no date.

Many people who invested some of their hard earned money are pinning their hope on bitcoin to become millionaires someday. These people had their own kind of bitcoin dream but this dream is temporarily halted because of continuing bearish market and it may take years before the top coin return to recovery again. If you believe that bitcoin will someday make another all-time high then hold on to your dream and patiently wait for it.

I think many of these countries are not restricting their citizens in using cryptocurrencies. Southeast asia is composed of 11 eleven countries and almost all of them allow the trading in cryptocurrencies. Singapore was the first to impose tax for those trading in cryptocurrencies while the philippines requires a license to every crypto exchange. The growth of cryptocurrebcies in this asian region is still on its early stage and the future is promising.