Hodlers and Cryptocurrency Investors of Bitcoin see a year of reality control, but what are they next?

Everyone knows that 2018 was a difficult year for the encrypted. However, some people claim that it was not essentially negative.

Most traders and business men do not agree, of course, but a new article published by NewsBTC calls the bear market a "reality check" and states that there is something about it. good for the crypto industry when prices fall.

Up and down

According to the article, which was written by Martin Young, the graphics that become parabolic are a bad sign for any market and the unnatural peaks that Bitcoin has had between the end of 2017 should be a warning to all investors and experts.

It defends the idea that the market uproar is too high and that only a few lucky people cashed before the market have substantially exploded and become unsustainable, which has caused the Bitcoin market to collapse.

As soon as 2018 began, the market started to fall rapidly. In a whole year, almost all the progress in terms of price (but not technology and structure, is clear) have been canceled. A market capitalization that reached $ 830 billion once is now just over $ 100 billion.

The collapse led to something called Fear of Missing Out (FOMO) and many investors, despite having seen how the market was going down, continued. This led them to lose even more money, which only aggravated the crash.

Bitcoin seemed a miracle in 2017 and, indeed, it was. It was a bubble created by hype, a vision shared by both myself and the original article writer. The cryptos were never designed to climb so fast, so the fall was very serious.

The future

While the "great purge", as defined by Young, was (and continues to be) painful for the most part investors, he believes it may not have been bad for the ecosystem. He says that many people have sold tokens because of regulators in the United States, but a regulation is required for any market.

The author seems to believe that too much regulation is not a very good thing, but actually defends that the market needs to eradicate bad actors to achieve stability. Only when the parabolic graphs stop and the pump and discharge patterns end, the volatility may be lower and contribute to the general adoption of the encrypted.

At the end of the article, David Leee, of the Singapore University of Social Sciences, said that price reduction may be good because the price should not be the goal or people will be trapped in a infinite cycle in which they tend to forget that the most important aspect is technology, not price.

Most of this is true. The bear market was really unlucky, but it was no way that cryptographic prices would continue to rise so fast forever. Markets need stability and only speculators are able to win when there is no stable trading environment.