Re: BTC to Crash further till 1000$?

Ohhh we are on dip again. Price is now $8,700

Quote from: aditya6997 on March 09, 2018, 02:53:52 AM

Eventually bull phase will be over.

Also eventually this bear phase will end soon but for now this bearish trend needs to be done. And for those who remains to be faithful needs to wait until the price of bitcoin goes up again.

Whales are already leaving the market, look at the reason dip in number of transactions on daily basis. High transaction fees, high trading fees aren't the good sign for any commodity. And there is not much place left for small investors to gain profit.

Sorry but what do you mean with that?

The issue about the fees and transaction speed is slowly being resolved recently through the segwit implimentation so i don't think that's a reason why whales would leave the market. It's funny that whenever a dip like this comes, negative speculations are also abound evem though most of us know that there will be a recovery as what has happened before.

You're right, transaction fee and confirmation time are no longer the bore and burden they were couple of weeks back. Be that as it may, a look at the global financial market would reveal the plunge is not something peculiar to Bitcoin or the cryptocurrency market, rather it's a market wide development affecting all segments in the financial sector.