What is happening now (depression) happened before, between December 2013 and January 2015.
Actually, cryptos are evolving every day, and by using the word “evolving”, I do not refer to ICOS, but to real platforms that are trying to invent a new blockchain correcting issues like speed, scalability, security and of transactions per second. There are a lot of examples out there, like XTRABYTES who will soon enter in patent pending status for 3+5 patents, Waves etc. Soon or late, we will see the fruits of all those efforts and the crypto ecosystem will change forever. Then, the whole crypto market will pass from the distribution phase to an accumulation phase. Investors will soon see the actual low prices as a big opportunity, given the big potential hidden in some cryptos and prices will explode again.
In economics, we must know and read history, because history makes cycles, tending to repeat itself. If we try to reproduce the past BTC chart in the future, it seems that actually the price will go under 3k for some weeks and then, by the last quarter of 2019, if will start moving up again. Year 2020 will be characterized by a very significant bull trend permitting investors to get back what they lost lately. Year 2021 will be a milestone for the entire crypto ecosystem with an explosive rise in the crypto market. If this comes true, FIAT money & traditional banking system may be menaced.
I do not know if Bitcoin continues to be the king for long, or if there will appear other(s) cryptos to dethrone it. The fact is that all cryptos prices are extremely low and the potential is enormous. We have some months -until the last quarter of 2019- to accumulate.
* If you win good money with my help and wish to offer me a beer, you can donate me some (fractions of!) BTC or altcoins!
As said in the original post, the price will go lower than 3,500 USD$ and even lower than 3000 US$. And then -at the last quarter of 2019- boom!