Post
Topic
Board Speculation (Altcoins)
Re: Coins are CRASHING!!! Is it the next crash? BTC Down to $5300 as I type this!
by
Jating
on 18/10/2017, 11:19:47 UTC
Well the markets reached all time highs recently so this is expected. I was expecting it to crash a lot lower after the China sell off last month, but we recovered and reached new time highs. I think another crash is bound to happen again. I mean just the beginning of the year Bitcoin was at $300 and Ethereum was $5, now just a few months later look at the prices. There has to be a correction, and that time is now. What do you think?

Yeah, this is just a minor correction and as I have said it inevitable. We may see bitcoin slump to $5000 low point and ETH around $250 again. However, this should not be a cause for panic because it should happened a couple of days ago when bitcoin reach almost $6000. So we might as well go and buy more bitcoins or altcoins in this correction, for me I consider this a good buying point. And one this slump is over, we may see another ATH is offing, including a lot of alts. Bitcoin price is just about $5200 but we are going to see the price going to $5000 then consolidating and on its way to $6000 before the implementation of hard fork this 25th.