Friday, July 1

Is crypto winter coming? By CoinTelegraph

© Reuters. Is crypto winter coming?

The dreaded crypto winter will come sooner or later. Whether we like it or not. Financial cycles are part of life. A bull cycle can last a short time or a long time. But it is never eternal. It has been over 3 years since it hit the $ 3.2K floor. For a long period, the price remained well below its all-time high, reached in December 2017. In hindsight, for many, the previous crypto winter represented an opportunity to buy at a discount. However, for those who bought expensive, it was a great tragedy. Will history repeat itself?

Let’s go back in time for a few minutes. I remember how yesterday that December 2017. The euphoria was through the roof. The price began to fall with the sale of the news of the. But half the world wanted to buy the fall. The overwhelming majority of analysts were bullish. Most of the predictions were optimistic. It was said that in a matter of months Bitcoin would hit $ 50K. So a lot of people bought at $ 14K, $ 16K, $ 12K. it had reached its all-time high, $ 3. It was also the mining boom. Everybody wanted to build their farm.

Read on: Cryptocurrencies: Chaos or Revolution?

Read the full article on Cointelegraph

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