Or... get this. Maybe it doesn't recover and it absolutely tanks and everyone loses everything. Every coin has two sides. Honestly seeing ALL cryptocurrencies go red makes me feel as if there might be a medium to long term bearish leg in the crypto markets. Caused by what? who knows. But keep in mind crypto is just a safe haven for hard currencies, and when hard currencies perform well and are trusted, there stops being a real need for crypto.

As a trader you should know there's never only "up" or "down" and telling people that this will CERTAINLY recover is hazardous. Regardless, I'm following you in case the crypto markets don't recover. I'll come by and remind you of this very post.

Crypto currencies might have seen their peak with the instability caused in economies by the november 2016 presidential elections. Those are over. There's two ways to go now, either our president is a moron (which is already priced in) Or he actually gets the job done well (not priced in) what do you think happens once the U.S keeps churning out positive data month after month and people see that our currency wont fail with donald? That's the unpriced variable. The option for him being a complete helpless infant is already, in theory priced in. so in either case this could well be the peak.

I'd be interested in your educated answer as to why this is a sure bet to bounce up over the next few months specially after the ridiculous rally bitcoin had.