The year 2018 has been off to a bad start for all cryptocurrencies. Whereas some people already despair, good things will come to Bitcoin and altcoins. Various experts are convinced all of the top currencies will mount a strong comeback during late 2018. It is always important to keep the bigger picture in mind.
Top Crytocurrencies Will Continue to Dominate
There is a lot more to cryptocurrency than just the Bitcoin price. Unfortunately, the value of BTC dictates how the rest of the ecosystem will evolve in the coming months and years. Getting rich quick with cryptocurrency may not happen in 2018 as of right now. Even so, industry experts are not too worried about the current bearish market. In fact, one could say the markets are going through their regular volatility as of right now. BRD CMO and Co-founder Aaron Lasher comments:
“The game isn’t over, Digital scarcity is a major innovation in money and value, and we’re in the initial stages of a multi-decade trend towards tokenization of assets.”
Over the past seven days, all top currencies lost a fair amount of value. Declines range from 11.6% to 15.9%, with Ethereum getting the worst of it. Additionally, over 80% of the top 100 currencies ranked by market cap have decreased in value over the past week. Bitcoin is dragging everything down, as it always has in the past. This trend will not relent until the Bitcoin price effectively recovers the lost ground.
This is where things will get interesting later this year. It is not the first time Bitcoin has gone through a lengthy bearish cycle. At one point, the value per BTC dropped by almost 99%. Surviving that proved to be rather easy, hence this current dip doesn’t seem too problematic. These are still the very early stages for Bitcoin and other cryptocurrencies.
The Impending Bitcoin Bull Run
Several things are going Bitcoin’s way as of right now. The launch of ETFs allows institutional investors to speculate on cryptocurrencies. Although the demand seems rather low right now, things are gradually improving. With a regulatory body to be formed for these products, things can only improve from here on out.
Speaking of regulation, Bitcoin is still a hot topic among government officials. Any regulatory measure will legitimize the cryptocurrency industry as a whole. Not everyone is in favor of this particular trend, though, but it is a “necessary evil” to take this form of money mainstream in the future.
Currencies other than Bitcoin are still evolving as well. Ethereum is set to undergo some big changes, including a switch to proof-of-stake. Additionally, there are rumors Vitalik Buterin may effectively introduce a hard cap supply for Ether. Ripple is still making inroads in the financial sector as well. Litecoin has seen a few setbacks due to Litepay falling apart, but the currency will bounce back eventually.
George Layfield 
Mary 
Steffen Søborg 
Juha Tuominen 
HODL Masta 
HLTGRP 
Alexis 
Jim Kelly 
drowninbleach 
Market is way too oversold
You mean the market is oversold? Or is there a particular level of oversold when you declare it to be “too oversold”?
They are wrong. It already had its major bullrun. Nothing will compare to the move from $250 to $19,000 between 2015 and 2018.
That may be true for bitcoin, but not as much for other crypto projects which are still to get their products ready for the market.
You’d need to see people stupid enough to buy them is the big problem.
They said the exact same thing the last 7 times Bitcoin had a massive rise and an 80% drop. You must be new here.
The writer seems very upbeat about 2018. That’s nice. But how can he know the timescale for this bear phase? How does he know a new currency won’t come along and push all the existing ones out of the pond? Why is it even necessary to mine if there can be divisibility? Surely, for a crypto to prosper, technology is more important than injecting new money through public offers or mining. Mining undermines scarcity and value. Im not sure the writer has really backed up his claim that “experts predict a major bull run in 2018”. Has he?
The bull run on bitcoin is over as the largest bubble in history has popped. There is no force on earth that can reinflate the bubble. It is only wishful thinking that new, dumber money will come in and make it go higher. Bitcoin will quietly drop below $5000 and continue its drop. Half of ICO’s from 2017 have already failed. When every bank and every country is working against crypto, it will face a slow demise. You can’t fight the banks.
They said the exact same thing the last 7 times Bitcoin had a massive rise and an 80% drop. You must be new here…
Not quite. The other run ups were made with low volume, little media coverage, and was not a grand super cycle top. We just had a parabolic blow off top with plenty of new money (dumb investor) getting trapped. That was the final top and now will ride all the way down. You must be new to bubbles and ponzi schemes. Watch and learn as it goes down.
Shit in one hand, wish in the other. See which one fills up first.
Digital scarcity – questionable given the lauch of new ICO’s every day – altcoin plague.
Crypto investors have a better understanding of how to properly value crypto projects rather than going all in on something like cardano when it had a 20 billion marketcap and nothing more than a whitepaper. The whole market was chock full of stupid money just waiting like a herd of sheep to the slaughter for the institutional investors to rob them blind. The market will certainly recover, but likely at a slower, more organic pace.
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.”
― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
Why are Litecoin and Ripple even mentioned next to Bitcoin and Ethereum? They are not even in the same ballpark. Scratch that. Not even in the same universe. Litecoin has been around for 9 years and hasn’t done a single thing to forward its progress or adoption in the crypto space. It is the biggest non-performer and bagholders are going to learn the lesson never to buy something “just because its cheap”. Ripple isn’t even a cryptocurrency.
Bitcoin Cash is being added to nearly every major industry player as we speak, as real-world adoption, including over 100,000 BitPay merchants and the entire Bitcoin ATM Lamassu system, yet its not even mentioned here? Fascinating.