To say when the market will turn around is very difficult. On the one hand, one can think that bitcoin has already already sunk so much against its highs, and soon there must be a new good growth. On the other hand, in terms of fundamental analysis, the future of bitcoin as a reliable global payment system, or even as digital gold, is still in question. Its main problem is volatility. Therefore, I do not exclude the option where bitcoin goes lower and lower, and whether it will ever be needed at all - this is still the question 🙇🤷♂️
So what will happen with crypto currency?
Only a small part of the crypto currency position itself as a global payment system. The same technology blockade already trying to use in a variety of areas, ranging from public systems to business. More and more companies with a world name begin to talk about it, invest in research and development, patent their inventions and useful models. If they did not feel that the future was for the future, they would never have poured tens of millions of dollars into it. Blocking is, at the very least, the most advanced technology for applications in those areas and conditions where there is a question of trust in someone or anything where the issue of personal data security and confidentiality is raised, where the registry, logistics, all kinds of transactions are used and etc. In fact, this technology falls on almost all areas.
Altcoins will grow ❗️
A good indicator that in the long term the capitalization of the market of altcoys will only grow, there are partnerships of major well-known companies with different block projects. Examples include partnerships:
- Ethereum with such giants as JPMorgan Chase, Microsoft, Intel, Mastercard;
- Stellar with IBM computer giant;
- Ripple with such financial giants as American Express and Santander;
- Investing the leader of household appliances Bosch Group in coins (❗️) IOTA.
Just the other day the leaders of IBM said that the capitalization of the market for blocking solutions by 2030 will reach $ 3.1 trillion. In this case, under the capitalization of $ 3.1 trillion, there is an estimate of the real possible blockage business. It is likely that the market will repeatedly come speculative money, which will significantly exceed the real valuation of the market, as it has been so far. When your forecast is given by the world's largest developer of computer hardware and software, like IBM, one should listen to it. This is not the same as the forecast of a well-known trader, which is based, first of all, on those. analysis.
CONCLUSION
All this means that we will see repeatedly how the Altcoins make a lot of good X's! The prospect of crypto currency looks nice! It is necessary to have patience.
Indeed. I also believe we will see huge bull market in near future. Altcoins lost their value and volume . it will be back in the future. we need some patience only.
and surely we need to choose good altcoins for investment.
people very pessimistic in bear markets. but they need to learn bull bear bull bear cycle.. if we want to other bull market we must live a bear market.
