Quote from: Ailmand on February 08, 2018, 11:15:27 AM

Quote from: lopez cryptomania on February 03, 2018, 05:05:31 AM

At what price do yal think will be bottom before we turn back up? I'm thinking $4,900 not to spread any FUD, however, they say when it rains it poors, and we have still yet seen people's response to this upcoming Tuesday on the 6th when all American policymakers meet, SEC and everyone else and we see what kind of regulation is made. The price will go down until the millionaires and wall street tycoons are happy to buy what they're going to buy and then we'll see it soar up to $13-$20k post regulations.

Well, I am really hopeful that this trend would end up soon. Many assets in the market have been going really low, and it's frightening already. Even Bitcoin and the stronger altcoins are falling down, and that says a lot of how the market is right now. Due to this recent downfall, many people have been becoming very negative or doubtful at best if the cryptocurrency market would last long. This would give a hit on the reputation of the market and would certainly stop people from totally embracing it.

I don't think that this correction is bad for the market's reputation. On the contrary, such a correction was needed to show that the market was overheated and is now cooling down back to normal. So the fever is over and the patient is back to normal life. I'm sorry for those who panicked and bought BTC at high prices. But don't worry, just hodl. I believe BTC will recover back to this price but if the market doesn't go crazy again it will take a while, but one day you'll be in profit again. Be patient - by this I mean months/years.