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Author Topic: Bitcoin need a miracle  (Read 11 times)
cybersofts
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Today at 02:00:34 PM
 #1

The bitcoin need a miracle as the entire bitcoin market cap slump down to $61 Billion.
We all need a miracle. Heck, the whole cryptocurrency market needs a miracle as the market cap slump to only $112 Billion.
The bitcoin market cap reached over $320 billion in December 2017 and the cryptocurrency market was at around $840 billion respectively.
What y'all got to say about the cryptocurrency market situation at the moment?




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Today at 02:14:33 PM
 #2

What y'all got to say about the cryptocurrency market situation at the moment?

There is nothing to be said. No miracle is needed. Just the bear market to end. Price will stop decreasing then and become stable. Half year latter it will slowly start to grow. Most likely a year form now price of Bitcoin will already be higher then right now.

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butka
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Today at 02:15:06 PM
 #3

No need to say anything. Bitcoin is perfectly fine, we just have to stop comparing it with fiat money. The ultimate aim is to measure everything in BTC not in USD. BTC is the perfect money, not USD, so BTC should be the unit of measure. Even if we are in a downtrend when we compare bitcoin with fiat money, it means nothing in the long run. Besides, this market situation may have a purgatory function, helping the space to get rid itself of many worthless altcoins. IMO, as long as the core functioning of bitcoins works as it should, we are perfectly fine.

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