Mark Mason
Well-known member
Next Crypto Bubble Imminent, But Dash May Not Have to Wait
Though some analysts are still holding out hope for a sudden reversal, it looks like the great 2017 bubble has come to an end. Bitcoin, and altcoins like Dash, have seen their prices take two steps forward and three steps back in a steady decline since late December. Those who have only bought as much as they can afford have little to worry about, as Bitcoin has had four major bubbles before and will almost certainly have a fifth. Eventually.
Slow and steady? Nah!
Cryptocurrencies aren’t particularly good at the slow and steady growth exemplified by stocks and other “traditional” assets. Instead, they tend to advance their price through massive bubbles which eventually pop, but not without retaining some of their gains. For example, the Dash (called “Darkcoin” at the time) experienced a major bubble in May 2014, rising from about $0.50 to $15 in the space of six weeks.
Dash’s bubble popped, dropping the price as low as $1.80 at one point. However, following 2017’s peak price of $1,600 per Dash, it’s virtually certain that the currency will end up being worth significantly more than its $15 price in the last bubble. Even a 95% drop from all-time highs would equate to a price of $80 per Dash, which is still a massive gain for those who have been invested since 2016 or earlier.
Read more: https://www.dashforcenews.com/next-crypto-bubble-imminent-but-dash-may-not-have-to-wait/
Though some analysts are still holding out hope for a sudden reversal, it looks like the great 2017 bubble has come to an end. Bitcoin, and altcoins like Dash, have seen their prices take two steps forward and three steps back in a steady decline since late December. Those who have only bought as much as they can afford have little to worry about, as Bitcoin has had four major bubbles before and will almost certainly have a fifth. Eventually.
Slow and steady? Nah!
Cryptocurrencies aren’t particularly good at the slow and steady growth exemplified by stocks and other “traditional” assets. Instead, they tend to advance their price through massive bubbles which eventually pop, but not without retaining some of their gains. For example, the Dash (called “Darkcoin” at the time) experienced a major bubble in May 2014, rising from about $0.50 to $15 in the space of six weeks.
Dash’s bubble popped, dropping the price as low as $1.80 at one point. However, following 2017’s peak price of $1,600 per Dash, it’s virtually certain that the currency will end up being worth significantly more than its $15 price in the last bubble. Even a 95% drop from all-time highs would equate to a price of $80 per Dash, which is still a massive gain for those who have been invested since 2016 or earlier.
Read more: https://www.dashforcenews.com/next-crypto-bubble-imminent-but-dash-may-not-have-to-wait/