The market isn’t done with the crash. The hashwars are still, of course, continuing - making a mockery of the market itself. But, is the market over-reacting?
The answer is wholeheartedly, yes.
Despite the very real drops in the value of Bitcoin and virtually all alt coins, Bitcoin fundamentals have never been stronger with it’s infrastructure still growing at a healthy rate.
Take the lightning network for example, this has increased its capacity by almost 200% in the last 4 months.
Ethereum are also working on their next project “Ethereum 2.0” - with talks of this being a completely new Blockchain, it boasts to be much more complex in it’s creation to withstand everything it struggled with in the past.
Last year, we had big dips before the bull-run that many weren’t ready for. Now, fundamentally, everything is much stronger. With confirmed Swiss ETF’s, upcoming BAKKT and VanEck ETF in the United States plus other fundamentally strong news, we are in a good position.
For the moment, we are dealing with negative market sentiment and hype, but all signs are pointing toward positive market movements in the near future. We will move up (BTC to around 5000) before another drop below, breaking down to the bottom (potentially around the 3000 level for BTC). This is happening extremely quickly, which should lead to a quicker recovery, as we bounce hard up once the market is ready.
Stay strong and do your research! This won’t last forever.