These dumps keeps coming day after day, btc holding "OK" so far, but is this still all about china? or are we now in the long bear market since 5000 usd?
edit: also people keep talking about this being the best time to buy when prices are low, but in a free market, the concept of "best time" and "low" are relative.
anyone putting absolute bottom below 2200?
This seems to still be some uncertainty in China. I mean ViaBTC CEO came out and talked about how everyone will be "f**ked" if China decided to close down all bitcoin mining pools, and that caused a dump of around $100 in price.
We aren't in a bear market or at least not a very big one, yet. We are still experiencing bull runs here and there of pretty nice amounts.
I would expect price to go up to at least $4500 again by the end of month. A big dump could happen but imo only in either October/November when uncertainty regarding hard fork is at its highest. Then, it's a great time to buy.