With bitcoin crashing hard again and continuing it's downtrend of almost -10% today it's clear we've entered a new bear market for the unforseeable future.
The problems are only getting bigger and bigger.
ETF will be declined. Chinese exchanges will soon be shut down. US governments are probably also going to crack down on crypto.
There is no solution to the scaling problem and all proposals are being rejected by a stuborn and ubthinking community.
We will hit $800 by the end of the week and are probably not going to get that high anytime after that..
I'm really befmginning to doubt there's still anything to do to repair all the damage and actually fiz bitcoin.
if the price is really hit $800 then many traders will not be satisfying to see the price and they think they are getting loss for trading bitcoin pair usd. but if we make preparation about the bad thing that maybe happen, then i am sure that if the price is suddenly gets down too far, we are not panic and still calm and i think this is the important thing that we should do when we see the price is getting to down. i hope the chinese exchanges is not shut down like that and i am sure, chinese traders will be survive and they can pass the bad situations.