The price of cryptos including btc is now falling gradually and radically, and now is almost half price of it was in few months ago. (recently mostly according on g20 conference.)
Do you think it might be possible for cryptos to find their own price back if a huge technological advance is found/developed on them? But what if the regulation on cryptos get harsh?
I do know for sure that the concept of blockchain will not just vanish and everyone is hoping to bring/apply it in real-life, but the it seems quite true that at least in currency issue, a cooperate from central governments must be needed.
No, I do not think that the recovery of the market depends solely and exclusively on the emergence of a new technological advance that provides them with an additional value that makes them more interesting. In reality, the markets are capricious and move more based on emotional and psychological aspects than on real facts and technical aspects.
And this has proved to be especially true in a market as peculiar as that of cryptocurrencies, so we must get to the idea that the market has already assumed the true value, usefulness and potential of cryptocurrencies, so we should not wait that a new speculative bubble leads to cryptocurrencies at the prices observed at the end of last year.
The speculative bubble is dependent on how people view it as profitable, and one thing that I was sadly looking for was how could my holding recover back again it's price. Although there's a regrets from my end of not choosing the right decisions of not selling while the chance was there. Hopefully there's a surprise one day that will change the scenario of my life, that I will be able to see again the reality of my holdings to spike again its value. Right now it's so difficult to see the value on each and every crypto to be at worst fluctuations, and the corrections was too much, yet it need to surge back higher again much better than before.