Quote from: Kemarit on March 08, 2018, 06:11:12 AM

Quote from: suzane18 on March 08, 2018, 04:08:44 AM

Is it due to new SEC Rules passed for Excahnges or are there other reasons attached to this fall?
Any idea when should one start investing more and when can we see an upward spike?

Haven't you heard about the Binance supposedly hack?

https://cointelegraph.com/news/binance-reverses-irregular-trades-resumes-trading-amidst-community-confusion-about-hack

And then this:

https://mashable.com/2018/03/07/bitcoin-sec-statement-potential-illegality-binance-hack/

Followed by a big whale in Japan dumping his bitcoin. Bitcoins Tokyo Whale Sold $400 Million and Hes Not Done Yet

https://www.bloomberg.com/crypto

As far as investing, then this is the right time. Why? Bitcoin is cheap, you can buy more and accumulate it overtime. That's how successful traders do. Buy cheap and sell high. And then waited it out. It will eventually bounce back. But we don't know when. No one can predict the price movement. You need patience and mental toughness to not panic in this time of crisis.

Well, maybe it doesn't bounce back, as you said, no one knows. Buying the dip sounds like a great idea in theory but in practice is really not, unless you have a ton of money to keep buying all the dips. Then again you don't even know if it's ever going to recover anyways and I'm not talking about the whole market, bitcoin could eventually fail and some other coin could take its place.