The price has indeed declined quite a lot from the ATH of $4500 per coin, and i have been expecting this to happen quite frankly.
As i said, there is simply denying that this was in a bubble because it has simply risen too much in too short of a period. There are definitely going to be a correction, probably much bigger than the current one coming maybe a week after Segwit actually gets acitvated.
However the price could well go up again after that major correction. Nothing is certain when market seems to be going absolute nuts.
Just do whatever you feel comfortable doing. But i think that bearish market might set in its full effect by next year.
The ongoing year has been experiencing bullish market, so the upcoming year might give us the bearish market scenario. As the above mate described nothing is certain with the cryptocurrency market. Based on this anything might happen, even the upcoming year can go bullish in the start and turn to be bearish. The growth right now has been under correction, but it is quiet sustained with stability. As i said, there is simply denying that this was in a bubble because it has simply risen too much in too short of a period. There are definitely going to be a correction, probably much bigger than the current one coming maybe a week after Segwit actually gets acitvated.
However the price could well go up again after that major correction. Nothing is certain when market seems to be going absolute nuts.
Just do whatever you feel comfortable doing. But i think that bearish market might set in its full effect by next year.
However, most people on the world's are greedy, so I think they can't stop starting new scenario in next year.
