Quote from: reck1ess on January 11, 2018, 07:39:07 AM

Quote from: Coyoteerex09 on January 11, 2018, 05:24:04 AM

Quote from: sanmankrauss on January 11, 2018, 05:20:40 AM

I think this will go down as low as 5000$ that will clear out the taxi drivers and people who are purely "investors" after that we will se new highs being formed by the actual users of the bitcoins

On what basis your point is? I don't think the price would be low that much or near the 10K level. Right now bitcoin have crashed in the market because of the current event in south korea where big exchange companies were raided because of their irregularities.

South Korea are having issues with cryptocurrency and are planning to ban it. After it was being news, all of cryptocurrencies got lower about 5% of its current value. Although we still dont know yet the lowest value, but right now it is starting to go up a bit.

The South Korea issues was just a FUD. It was clearly to create panic to the investors (created by whales in the market i guess). We see more clearer right now, the decision of the ban was not true.