Bitcoin: Bloody Sunday
2010, 2014, 2018 ?
Will it history happen again?
The price of bitcoins is below $ 5,900, after having dropped below $ 6,000 on June 23.
The BTC also officially fell to the lowest annual value.
BTC's trend price is almost identical to the BTC drop in 2014, when it has experienced an 80-percent correction since its high rise.
Recovery was much bigger than correction itself.
What will happen after the correction that now just takes place?
Maybe
An interesting recent tweet by John McFee"s:
“Ok people: Can we please get real? One year ago to the day, Bitcoin was at $2,560. Today it is over $6,000. That is a 140% increase. This year to year increase has been accelerating significantly. Stop the short term thinking. Get real.”
Interesting opinion of the guru:
Wall Street’s Entry into Crypto Sector will Bring in Trillions: Cardano Co-founder
87io "Charles Hoskinson, co-founder of Cardano and former CEO and co-founder of Ethereum, wrote on Twitter that Wall Street will bring “tens of trillions of dollars” into crypto world in the future. His statement came after all of the cryptocurrencies declined and the cryptocurrency market cap lost $13 billion."
This are some news which are not bad for lifting mood...
Why Bitcoin now drop
People are scared and afraid. Then they want to get out of everything because of a possible loss but also because of the constant uncertainty. This is not for weak nerves.If you go out, no more stress ...
Some reasons fall:
hacker attack,
regulation of the Japanese (largest) market,
permanent disrimination statements such as Buffet, Dimon, Gates etc,
pressures due to anonymity of crypto-transactions (user identity search),
tax threats ....
One big investor recently said:
“When people get scared and doubtful I always ask them to go and refer the Bitcoin’s 2013 growth in November when it’s herculean growth propelled it from $140 to above a $1k. 2017’s December propulsion was the same. Although it took more than three years for Bitcoin to recover during that time, things are different now. Worst case scenario, Bitcoin trades at $3k, how long do you imagine it will be there? People like me will keep buying. If not this year then next year, the longer we wait, the bigger the bull. That’s a crypto promise”
Disscusion
The question of all questions which constantly floats in the air
Is Bitcoin the biggest bubble in history?
Opponents Bitcoins and Crypto world (who are losing) constantly revive this suspicion.
Each and every little incident is used as an argument aboute the bubble.
When prices go down, the masses of people think: They are right!
You have a minor misspelling in the following sentence:
It should be which instead of wich.Thanks.
@Crypto-mammoth what do you think bitcoin will reach its peak this year?
Hard question.
I know for one bet - 31.12.2018.BTC will be $ 50,000!
(bet in $ 1 000 000) ....
They know more than me and you.
That's my answer to your question.
Upvote this: https://steemit.com/free/@bible.com/4qcr2i