.. I only started investng in Bitcoin at around the $3000 price, ... I've lost $2k in Btc in 48 hours?
price is nearly $6000 and you have already doubled your money, that is 100% profit in a couple of months. how did you lose $2000!!!
Is BTC going to continue spiralling downward and for how long? What is the bottom going to be? Am I supposed to just transfer everything to Bitcoin Cash?
Advice for a noob? Thanks kindy!
it is impossible to call the bottom. so far it seems to not be able to stop. and the bigger it gets the more people will panic and start selling their bitcoin and crash the market more until the weak hands are completely flushed out of the market.
and with the current bitcoin cash ongoing pump, it is attracting a lot of money to itself and those who sell bitcoin go in bitcoin cash until the pump is over then they will come back to bitcoin with all their profit and bitcoin will rise.
it will probably take a while though. they can not pump BCH forever, it will eventually start blowing up.