Today we can see red Crypto market again and we have erased all gains that we had lately. It is not nice to see that but these speculative drops becomes something normal at Crypto market, no matter if we like it or not. This drop is happening without any major news. Some speculation is that someone from Goldman Sachs is behind this but I really don't care for that and it doesn't matter is it true or not.
Obviously we have not finished bear cycle yet and we have to wait more for a bull run.
We need some Spark to start Bull run again.
My hopes were that this Spark is EOS and it has failed to start next wave of bull run because it is facing many internal challenges.
I am EOS believer and I am sure that all these problems at start won't affect it long term and that they are normal at phase that EOS is. EOS is my largest Crypto holding and I believe that it will be THE MAIN PLATFORM for DApps.
EOS is in its infancy and you can't learn how to run before you learn how to walk.
On the other side, Bitcoin is developing in a right way but price doesn't reflect that. LN is growing, we have less problems than before but people easier invest in speculation than in established products.
Many people are waiting for Bitcoin ETF. There are pros and cons about it but I have positive opinion about ETF. Any mainstream tool like ETF is good for Bitcoin adoption. I believe that BTC ETF will happen for sure but I don't believe that it will happen this year so maybe it will be Spark for a bull run later in future.
Higher possibility is that LN becomes fully functional and Spark next bull run in my opinion. Development is going fine, number of nodes capacity is going Up and this is happening faster than many LN opponents think.
When I am talking about Bull run, I don't mean about revisiting old hights. Maybe we will revisit old heights until the end of the year but that would not be a bull run. For me, Bull run would be reaching new heights and that will not be so easy.
Many analyst are playing with prognosis and numbers but I really think that nobody knows what will be in the future.
This current situation is not bad at all and I believe that all Crypto believers use it for accumulating Cryptos that they like.
I really laugh at statements that Bitcoin is doomed, failed, died...
Tech is developing, BTC and EOS adoption is rising and only that matters to me. We are stronger than ever and I am sure that we will hear again people regretting why they didn't bought Bitcoin and other Cryptos when they could.
Regards,