I talked about a bubble and far overbought marked from November/December. But of course, I and also almost everyone kept trading, buying and making the bubble even bigger. Looks like the bubble is clapping. Almost nobody who is in the crypto did face a real bear market like this.
The perfect blockchain product isn't out there yet. Not Ethereum, EOS, IOTA or Cardano, they all have their bad sites that needs to overcome. That makes the market extremely volatile with extreme ups and downs.
For bitcoin I never believed in the use case of it, it's lagging heavily in specs. Long transaction time and high transaction cost, their just is no use case. And a store of value for bitcoin is just stupid? I will only store value in physical products, like gold, silver, oil etc. The bitcoin only represented a huge marketing value, but that marketing value is dropping with this crash.
Bitcoin can be below 1000 usd at the end of the year easily. And also ethereum can be below 100 usd, it's all a process, the perfect blockchain solution isn't out there. It's a progress with gives us good opportunities to trade.
It all cost time, blockchain is still a new market. But for me I do not invest in first or second-generation coins anymore. I will only invest in coins with an use case or 3th generation platforms, like HPB, EOS, IOTA, Cardano etc. The future usecases for blockchain is extreme.