The bitcoin need a miracle as the entire bitcoin market cap slumped 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?
it doesn't need a miracle. it just needs people to give up hope.
back in 2015, people had lost all hope of another bubble. everyone figured bitcoin was just destined to be a niche currency, if they didn't forget about it entirely. those are the times when bull markets are born---when people least expect them.
It is not a miracle if it already happened before. I know too many people said the same thing but seriously if we look back on 2014 and see how it moved afterwards we can see that it is not a "miracle" it just takes time for people to get their courage back and invest again.
Last time there was less people interested in bitcoin and when they realized they lost money because of the price fall they did not return for a long time but they are almost all here again.
Last year a lot of people came back to bitcoin and when the price went down many of them left away, it will take some time before they get their courage back but in some time they will have that yearn for crypto investment once again and come back to it, when that happens we will see another rally, sooner this time hopefully.