It just keeps on falling

in #bitcoin7 years ago

Man i didn't think bitcoin was going to fall this far. As of right now July 16 8:00 PST its sitting at 2375$ CAD, that's crazy, we are looking at over a 800$ loss in the past week. I still think bitcoin will recover from this but it will defiantly not be instant, it fell this far in a week so id say it could take as much as 3 weeks to recover to where it was or greater. Ether has also taken a big loss, sitting at 188$ CAD with over a 100$ loss in the past week, that's almost a 50% drop! I do see both currency's recovering but the only question is when? with these currency's it can take days or it can take weeks. Id wait for them to start recovering if your thinking of buying because nothings worst then buying on a down trend and it just keeps on falling.

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Better buckle up as it will drop further. The coming 2 weeks will be a massacre.
Those who got in on the hype are dropping out. Those who were heavily invested are selling off. An upcoming Fork is unprecedented. That Fork will cause the price at that time to be half or even less. Then 2 weeks for the dust to get settled and from there we will see the upward trend again. Bitcoin has passed many storms, it will survive this attack as well.

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