The beginning of 2018 was unsuccessful for all cryptocurrencies, writes NewsBTC. Some players even fell into despair, not waiting for positive news about the course of Bitcoin or other cryptocurrencies. At the same time, many market experts are convinced that all top cryptocurrencies will return to a positive trend by the end of 2018.
To assess the trends with which the market lives, there are many other factors besides the price of bitcoins. At the same time, the BTC price has a decisive influence on the market, showing how the rest of the ecosystem should develop in the short and long term.
At least one thing is clear: at the moment, it will not be possible to quickly enrich the cryptocurrency, as was the case last year. Nevertheless, many industry experts are not too afraid of the current bearish trend. In fact, they consider that cryptorowers are now experiencing their usual wave of volatility.
Aaron Lasher, co-founder and director of marketing for Breadwallet, actively commented on the market situation since last year. For example, in early September, he stated that the phenomenal ascension of Bitcoin causes widespread concern about the bubble, which will soon burst. Lasher then rather calmly reacted to this threat, saying that "Is cryptocurrency in a bubble?" Yes of course. This is bad? Not necessary".
Lasher then advised novice Bitcoin investors not to lose their vigilance. “I would not recommend investors to enter this market without a thorough research. This is not a quick enrichment scheme. People who blindly throw money in here are likely to risk too much, buy too much and sell too soon. ”.
Currently, Aaron Lasher also has his own opinion about what is happening in the market: “The game is not over yet, the lack of digital assets is one of the main innovations in relation to digital money and their market value. Today we are at the beginning of a long history connected with the transition to the tokenization of any assets. ”.
Over the past week, all major cryptocurrencies have significantly lost in their price. The fall was from 11,6% to 15,9%, while Ethereum suffered the most. Bitcoin pulls all cryptocurrencies down, as it did in the past. However, Lasher believes that the situation this year will develop more interesting.
A look ahead
The launch of Bitcoin exchange-traded investment funds opened the way for institutional investors, who had the opportunity to participate in the speculative game of cryptocurrency courses. Although at present the demand for this stock exchange instrument is still rather low, the situation is gradually improving. The situation will qualitatively change for the better when regulatory issues are resolved.
Speaking of government regulation, Bitcoin is still the hottest topic of discussion among government officials. The state’s invasion of the crypto market is a “necessary evil,” without which a new form of money cannot exist in the future.
In parallel, the remaining cryptocurrencies continue to develop. There will be a number of significant changes with Ethereum, including a transition to a proof-of-stake. Ripple continues to pave the way, strengthening its relationship with the financial sector. Litecoin went through several failures associated with the collapse of Litepay, but ultimately this cryptocurrency has retained its strength.