Having analyzed the crypto currency market for the perione of bitcoin falling from $ 1000 to $ 170, I can confidently say that now it is a very big correction. Many argue. that the bubble burst. but this is far from the case. On the contrary, now is a very profitable time for big investments and Bitcoin Cash is one of the coins profitable for investment. This is the first and most cool fork of fork. I advise you to buy at the bottoms.
Stock market and crypto markets, this is people hard working money, many might never invest in crypto after this bubble. Bubble bursts are necessary to knock out the multitude of weak entities in the market. Things will be better later and people will invest when they believe everything is more stable. It's not the end of anything.
Even Bitcoin will survive, but it will not be the dominant player long term. Legitimate platforms will thrive later, just like Ebay and Amazon did after the early-2000's bubble.
This was going to happen no matter what. The gains of late 2017 were too dramatic for it to do anything but what it is doing now - coming down.
Crypto bubbles seem to cycle every 18-24 months. Based on the previous 2, we can expect a take off for another one late 2019, or early 2020; which will be close to next halving in June 2020.
Looks like there's enough time for identifying new winners, and good old leaders.
https://www.yours.org/content/welcome-to-the-bear-market--ea4c16edaedd/
