Hello guys,
What is really happening the market all red?
Woke up this morning with my full confidence that market will continue to recover but it didn't!
Can someone explain to me what is really going on because the market is not recovering, instead going to the hell again, more deeper!
Thank you.
it hasn't even been 48 hours, stop panicking. also, it dropped double of what it has so far when the news broke that china banned ICO's within their jurisdiction. I'm guessing that along with the news breaking of the JP morgan & chase bank's CEO's opinion on bitcoin coming out, people are starting to panic sell, and the price tanking only served to amplify the effect. if anything, it's a great opportunity to snatch up some cheaper bitcoin, i've full faith that the price will normalize a bit again, as it did not even a week after the news with china first broke.
Same with you, I'm also expecting a recovery of price this morning but my prediction failed me for many times this week. But I'm still not backing down by holding what has left in my wallet for this kind of uncertainty and bad publicity. I can still handle this rate of pressures but until at what level below 3000$? I can't tell.
that would be a near 33% price drop, i dont think the recent events are enough to destroy bitcoin that much, i think it would take a chain of unfortunate events for bitcoin to fall that far in the near foreseeable future. as for me, when the price starts stabilizing, ill buy some at my convenience and make a few easy bucks.