Now it's a bad time for cryptocurrencies like bitcoin, ethereum, ripple etc. Will these currencies come back or will buried?
person
brightness_auto
Seriously, at the moment cryptocurrency is a mess to all old investors because they have all lost more than 50% of all their investments in cryptocurrency especially in Bitcoin but let's be hopeful it will appreciate sooner rather than later.
Cryptocurrencies are not going to rise again anytime soon. There are a number of reasons for this, the most important of which is that they are highly volatile and their value is largely dependent on speculation. Additionally, there are a number of regulatory obstacles to their widespread adoption, and there is little evidence that they offer any real benefits over traditional currencies.
9 Answers
The dark days are not for the coins that are mentioned above alone but almost all altcoins, as we all know that bitcoin leads others to follow in the world of Cryptocurrency.
I am very optimistic that the brighter days are ahead for Cryptocurrencies especially bitcoin, those who have them now should panic and trade them off they should keep for a while, those who are willing to invest, this is the right time to invest your spare money that can yield profit soonest.
Cryptocurrencies had always risen and fallen since it hits its peak in the year 2017 so it is not a new thing for us to experience the fall in price now, statistics have shown that more coins were bought a few weeks back so very likely by January the price will bounce back to normal.
I am very optimistic that the brighter days are ahead for Cryptocurrencies especially bitcoin, those who have them now should panic and trade them off they should keep for a while, those who are willing to invest, this is the right time to invest your spare money that can yield profit soonest.
Cryptocurrencies had always risen and fallen since it hits its peak in the year 2017 so it is not a new thing for us to experience the fall in price now, statistics have shown that more coins were bought a few weeks back so very likely by January the price will bounce back to normal.
This has happened in the past and it is happening again. One good thing came out of all this. A lot of the scam or lower value currency is now off the market. The crash in the market hit hard on some coins that couldn't stand up to Bitcoin and hold their own. They lost too much to be listed on the market and no longer have a valid listing. This isn't the first time something like this has happened and I'm sure it won't be the last. The market is starting to slowly recover now and hopefully it won't take a hit any time soon.
Well, I think that the world already knows that the way which all the cryptocurrency blockchain was designed is the reason why we are witnessing what we are seeing today with the present price of cryptocurrency especially with Bitcoin which is fell so low on the price it's sold and is still falling. Over a long period of time, Bitcoin was between $6,700 per BTC but now it's fallen down to $3,300 per BTC.
It's actually the volatility of all cryptocurrencies that makes it keep falling and rising when other variables influence it positively or negatively. And at the moment, those other variables are seriously negatively affecting the price of all cryptocurrencies which results in what we have today. It's the new investors in cryptocurrency that are enjoying it at the moment. But definitely, it will rise soon.
It's actually the volatility of all cryptocurrencies that makes it keep falling and rising when other variables influence it positively or negatively. And at the moment, those other variables are seriously negatively affecting the price of all cryptocurrencies which results in what we have today. It's the new investors in cryptocurrency that are enjoying it at the moment. But definitely, it will rise soon.
It is difficult to predict the future of cryptocurrencies, however many experts and analysts believe that they will rise again in the future. Cryptocurrencies have seen a strong resurgence in the past few months, and there is a growing belief among investors that they could be the currency of the future. With more people beginning to adopt and use cryptocurrencies, their value is expected to continue to rise over time.
Crypto like BTC, ETH and major Altcoins has experienced significant price fluctuations in the past, Its important to note that the value of cryptocurrencies can be influenced by a wide range of factors, market sentiment, technology advancements, economic conditions and regulatory developments. The long-term viability of crypto will depend on how they evolve, adapt to changing circumstances like scalability, security and regulatory compliance. As with any investments, its wise to diversify your portfolio and consult with financial expert. The future of cryptocurrencies remain uncertain, they may experience both ups & downs in the coming years, So to answer your question, in my personal opinion BTC, ETH, XRP will bounce back the question is not how but WHEN?