Quote from: jemarie20 on March 08, 2018, 10:37:43 PM

Quote from: vince212 on February 03, 2018, 06:02:14 AM

do you think it is going to 6000?

I think no! because bitcoin is the most popular digital currency and the are a lot of user, so if someone are get worried and they sell its coin or bitcoin, they cash out the demand of use bitcoin increase and that way the price of bitcoin will grow up again. Bitcoin price decreasing because many user now choose to hold than use their bitcoin to the rate of using bitcoin is low that why bitcoin price is also decreasing.

I also don't think that $6K is possible at this point. Although the situation has changed again, there will be strong resistance at $7K-$8K that I don't see it going that deep. The Binance incident for me is no longer significant because they already assured their customers about the said incident.

What really happened is that a big whale from Japan suddenly liquedates huge amount of bitcoin causing it to undergo another market correction. But $6K will not be touch again. There are too much investors waiting in the background and I think they will jump at this bloodbath to buy more bitcoins.