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people are not ready to adopt it competely so far
in upcoming time we will get all answers

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My thoughts is that while the Crypto space continues to be in its infancy regarding adoption and even technology, the capital will flow aggressively into the space as traditional industries and organizations realize the potential of achieving efficiencies in their operations. This will lead to human capital allocated to many projects that will improve the evolution of the technology to a level that will make it compete with traditional methodologies of delivery.

This was bound to happen with all the restrictions imposed by govt. People are afraid right now.
Though it will go back up slowly but surely

Nothing but weak hands folding from buying the get rich hype and not understanding ANYTHING just buying cheap shit.

I think there a lot of projects over valued. This bear market can be healthy for the ecosystem.

Bitcoin hit a high of $20,000 in 2017 and then the speculators sold out so now as of March 2018 it has plunged to $8000. If you look at a Bitcoin history graph and put a ruler on the LOWS you will see that $8000 is the predictable Low for Bitcoin where as the $19,890/Bitcoin was an artificially high price driven by speculators. Now is the time to Buy Bitcoin to get a Fair Market Price.

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This is absolutely true, When I looked at the long term trend of Bitcoin as it was falling from $20k, around $6000 was the bottom to maintain the long term trend and it pretty much bounced right off that. As we have progressed a little so does that long term trend line and as it stands now if we see a dip I see it going no lower than $7000 or probably $7200, because if it does that means the long term trend has broken which will be a huge psychological blow to Bitcoin. These are levels smart money will get in at.

I feel the market needs to stabilize and keep going side-ways for a while now. As you said, investors have sold out and are buying back in at the low. But they won't allow the price to move up too fast or trigger happy hands will start dumping straight away.
So this is a good time for the whole market to start building up faith in the market. And sure then the market should slowly begin moving up again.
How long will this take?
imo: the slower it moves, the higher it will go...
but I could be wrong ofc

2017 was a hype-year, not an entirely rational price-rise. And Big companies announced to ban Ad's (first Facebook, then Google, now Twitter).

Positive: Bitcoin is much better fundamentally now with growing Lightning-Network and also other projects have a lot to come.

I personally think the wales have figured out how to make a lot of money very easily at the moment by manipulating the market.
The only thing that is going to fix this market is new money coming in and hodling to take away the power of the wales!

It is not a dip, we are in a bear market... It is going to go up and down 10 percent for the next year or two.

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Thanks for sharing crypot
I appreciate your news

I am happy thanks friends

Dips after dips and now we have been only going down.... No one can know why but hope we rise and rise soon.

[IMAGE: https://steemitimages.com/DQmZt1TRRqrC9XRrYgQNsJPkjc4kZ5ShGQ3QyWS9PQ6hvcX/Screenshot_2018-03-28-15-08-03.png]

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This was always on the cards.
We can only hope that it rises back up soon

great job,,,sir

It's not an easy question to answer because there are unfathomable reasons why a market moves. I have touched on this in other comments, a lot has to do with trend lines and what is psychologically seen as support, etc. Bitcoins rise was parabolic at the end of 2017, people bought in at all different levels as it was rising, investors, speculators, traders and general people like FOMOers, etc, all bought for different reasons and have different strategies, whether good or bad. The market is a living breathing beast, many people will still be holding who bought in at the top, along the way down many will have given up hope and sold, many will have levels at which they are willing to take a loss if it rises to $9k, or $12k for example, many will not sell until it reaches $20k and they can break even. Then there are traders and speculators buying dips and selling rallies to make coin while the market is moving relatively sideways, some people sell on bad news and re buy on good news regardless of the price and some people purchase each month or week as a long term hold. I imagine many an early adopter who bought in when Bitcoin was just a few dollars will offload some here and there causing big dips too. the possibilities are limitless when it comes to why the market moves in any direction.

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Yes. Lot's of FUD. What I don't get is why ETH has dipped so much as BTC has sort of "stabilzed" in the $8,000+/- area.

The exuberance generated by the parabolic trajectory of crypto has popped and now the market is questioning the claims, use cases, and potential for network effect of the various crypto currencies. This is quite normal for a nascent disruptive technology and explains the current bear market. We need to see mass adoption, working ecosystems and DAPPs for this market to fulfil it's undeniable potential.

great post

Agreed on what you said but it is tough watching value go down daily. I keep feeling like it is too low to sell and then the next day proves me wrong.

never sell unless you are a day-trader or we feel vertigo of seeing theprice so high...
but now? you should slowly accumulate bit by bit, just like smart money is doing now

you are right! it is a boring market right now!

Don't allow your guard to drop... in this boring market we can sport the good projects to come. re-evaluate our portfolio or even shuffle things around for the next wave to come.

As they say: when the tide retreats you can see who was swimming naked.

Don't hope for a fast recovery because that will only push weak hands to sell/dump
Steady wins the race. It will bring more faith in the market and prices will get even higher than ATH.
At least you are in crypto. That's already a win for sure ;-)

Resteem done

Hi Mikel !

I also do not think that there is always some kinda news needed for a dip. We simply are and probably will stay in a bear market right now. For how long? Nobody knows.

boxmining is one of the most level headed guys in the space.