It's crashing real hard. Dropped 40% in a week! Maybe another 40% drop in this weekend! It's seems like it is falling down the hill. What do you think?
I don't think it will ever happen. I strongly believe too that bitcoin will never fall down to 5K USD mark again and i am rooting for it's response when it pump up to 11K USD a couple of days after the bloodbath. I think bitcoin will just hover around 8K USD to 9K USD only.
Remember, bitcoin value depend on supply and demand so let say if South Korean and Japanese fully forbid bitcoin , it will affect on bitcoin instantly.
As for now, bitcoin on rate $ 11.000 because they still believe on bitcoin !
Of course I hope that more country also legalize bitcoin so it never lower than $ 10.000 !
Your statement makes no sense.
Please tell me why Japan and South Korea, the 2 major countries in Asia who are pushing and supporting crypto on a huge scale should make out of a sudden a 180 degree turn and destroy what they are building since 2 years. The crypto space is growing strong over there. They are making huge money, also from taxes.
And regarding the 10k, well 9500USD it is now with dumping coming. Thanks to Binance.
Oh no, please do not put the blame on my best exchange, binance was not even hacked after all, some users only ended up getting their own accounts vulnerable. However, if you check the news, you should have known by now that MtGox trustee was behind the whole huge dump and even though some have said it is just an excuse, but the truth is that it was part of it, and it did not help the market at all. You can check the story out on Google.