Re: Top 5 reasons why I predict a bitcoin bear market in Q4/2017
We have all witnessed the fall in price on September 14, part due to Jamie Dimon of JP Morgan and part due to rumors around China, the market was bleeding that day. Everybody knows that bitcoin is volatile, but I am sure that you didn't expect waking up that morning and seeing bitcoin down almost 1k$.
Read full article: https://steemit.com/bitcoin/@skydweller/top-reasons-why-i-predict-a-bitcoin-bear-market-in-q4-2017
Agree or Disagree?
Tell me in the comments
Read full article: https://steemit.com/bitcoin/@skydweller/top-reasons-why-i-predict-a-bitcoin-bear-market-in-q4-2017
Agree or Disagree?
Tell me in the comments
This could definitely happen if further news come out of China or they ban bitcoin mining along with bitcoin exchanges. However, this is pure speculation and if this does not happen then i don't really think we'll be seeing a bear market this year.
Potentially next year as others have said, though.
One of your reasons is that the volume is low - which imo, it really is not. A lot of Chinese volume has actually gone unaccounted for, since they have moved onto p2p trading.