Reaching the $5000 mark? by bearbear613

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· @bearbear613 ·
$2.16
Reaching the $5000 mark?
![2E490651-6955-469F-9BBC-E5EE583B9B25.jpeg](https://cdn.steemitimages.com/DQmW9V4QbLsacx39qzD58oWAc4SGBqbkbip8WDqCveHZdc4/2E490651-6955-469F-9BBC-E5EE583B9B25.jpeg)

And in other news 

![A94953BD-7A57-4A6C-BEB9-1E9BC586AFE6.jpeg](https://cdn.steemitimages.com/DQmSZbstkHrnsqvw6hZcGbmr7TbdWsUh1VpREvd4i1sJsQX/A94953BD-7A57-4A6C-BEB9-1E9BC586AFE6.jpeg)

Yeesh 

![CDE9FFE3-A6CC-432C-A1B6-63E8D12FEA95.jpeg](https://cdn.steemitimages.com/DQmZXkUYn5UQtpGUzfpqeVNTs59zngtQxKT486BAVzCZ1WL/CDE9FFE3-A6CC-432C-A1B6-63E8D12FEA95.jpeg)
πŸ‘  , , , , , , , , , , , , ,
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vote details (14)
@focusnow ·
Its a really discouraging time for bitcoin and other cryptos. The question that keeps coming to my mind is: will we ever get out of this down time? I well know that we probably will. But something keeps telling me we will stay here for some time. @bearbear616
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@bearbear613 ·
$0.27
same here. It’s more fun than facebook.
πŸ‘  
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vote details (1)
@apshamilton ·
$0.14
Things will recover. If you look over the long term Bitcoin has had many down periods. 
But its not all about the markets. There are huge numbers of tech startups in the crypto space that have raised with ICOs and are creating great user platforms that will eventually drive mainstream crypt adoption.

In the meantime, rather than just feeling depressed, you can do something to make things better, [Join the Global 🌏 Class Action Against Facebook & Google's Crypto Ad Ban πŸ‘Ώ](https://www.jpbliberty.com/class-member-signup)

Its a chance to recover your losses πŸŒˆπŸ’° from market drops.

See https://steemit.com/cryptocurrency/@apshamilton/we-re-suing-facebook-and-google-for-usd300-billion-want-a-part-of-the-action
πŸ‘  ,
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vote details (2)
@bearbear613 ·
$0.21
it’s a bear market and recovery may happen, but it’s gonna be a long time before you see the highs again. That’s what I’m betting on. Good luck to all though
πŸ‘  
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@obest ·
The market will dip further in price as there is no fundamental positive  news to stop the bearish trends, I believe the market is correcting itself to its true value in terms of price because the crypto market was over hype in the past I believe Bitcoin will fall further in price @bearbear613
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@bearbear613 ·
$0.26
you mean crashing to correction lol

I hear you, and I’m not really depressed. I’m glad I only put time and not money as well into crypto.
πŸ‘  
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vote details (1)
@focusfit ·
Bitcoin/crypto price  as of recently hasn't had any affect by positive news period. The reason you saw the price spike late last year was because there were hundreds of millions of dollar entering the market, mainly because it was possibly a very lucrative investment. Now most of that money has left, therefore price crashed. It's  true value is only subjective based on what someone is willing to pay for it. When money starts pouring back into the market again like it did recently and before that in the past. you will see the price of BTC hit new highs again. Right now the big question is can crpyto become a official asset class that people start putting into their investment portfolio's, Mutual funds. Or even a Crypto Index stock to buy into.  That's when money will flood the market and we will break the tiny $700m market cap we saw in December.
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