Are we at the bottom of the bitcoin drop yet?

in #crypto6 years ago (edited)

All resources point the answer being soon but ill allow you to read the reasons why this is the conclusion, and when soon is.

The big drop in crypto currency has been a blow to all those not expecting or anticipating something might come up. Those locked into long term compounding interest have been caught in the middle of it.

There is plenty of fake news out their from the media telling you that crypto is about to bust, and investment is complete suicide, but who do you think runs those media companies? or atleast have investments in them that they will profit off?

The big banks scared of losing their Rothschild grip on humanity. They blew up the news about the asian market outlawing crypto, to stir panic and fear, when it was simple regulation from the governments being introduced. Stability has not been reached since in the market.

If you take the height against the last peak of positive increase and compare it to the peak before that we find there to be comparibility with the two dips. This means there is still going to be a dip until the beginning of febuary, before the market takes off again.

Wall street get their bonuses at the end of january and are looking to reinvest into a weaker market when the market begins to stabilize, so look for the bump in the market gragh from wallstreet investment, that will be the beginning of the rise for the 2018 term.

Sort:  

If Bitcoin doesn't build up enough resistance in the market with the orders. Its easy to see it drop to around the 8-9k USD price. Especially with all the media and news. But then again these are perfect buy moments to get your USD value on coins.

You are right, a perfect buy in time seeing all the weak market share fearing the worst

Coin Marketplace

STEEM 0.20
TRX 0.12
JST 0.029
BTC 60984.38
ETH 3379.71
USDT 1.00
SBD 2.47