Post
Topic
Board Economics
Re: Bitcoin's price is getting low
by
criz2fer
on 24/12/2017, 09:51:01 UTC
I will like you to see it in 3 ways.
1. See it as a correction that was bound to happen anyway, after the huge non stop buying for months now.
2. See it as whales cashing out and some noobs getting scared and selling at losses. (they will get to learn from experience later on)
3. See it as a Christmas gift, if you want to get in at a lesser price because later on, this year or next year, we are coming back at some point to test back the previous top. Some call it black Friday for crypto shopping.

Jokes apart though, there is really nothing to worry about. You are welcome to the volatile world of crypto. It is a bloodbath out there right now and they happen once in a while. It will pass and forget anything else you are hearing.
I think it is because a summary from the 3 reasons above that made this huge down fall. But I wil keep hodling my coins and will se what 2018 brings.

Same here, those 3 ways explain everything that is happening and it is not the first time, so let's enjoy Christmas and happy holidays for everyone.
This is really expected specially in the crypto currency world, world of volatility. Since it was going to be christmas, lets expect more downfall up to $10k it seems.