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Contact us: editor AT cryptobriefing.com. Crypto Briefing – ICO and Cryptocurrency Analysis, News, Features, Ratings and Reviews – Cryptocurrency News, ICO Reviews, Analysis, & Blockchain Updates Bitcoin has corrected its price and had more than an 80% decline twice before in its history, and saw another 70% decline from December 2018 to June 2019.
It’s important to note that the price of bitcoin is also up close to 50% in the last fiscal year – it’s hard to believe that it was commonplace to purchase bitcoin for under $1000 only 18 months ago. There are 8 main reasons why 2018 won’t be the year where the bull market returns: I have met very few people that became interested in Bitcoin or other cryptocurrencies in 2015, and I think that will be the case when we look back on 2018 as well – very few people become interest in an asset class when the price is going down.
Only 2.3 million new wallets were activated in 2015 compared to more than 9 million in 2017 – about a quarter the amount. Activated wallets is a good, but imperfect, metric to look at to decipher the amount of new investors joining the space. Read more from cryptobriefing.com…
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