Quote from: racebum on May 20, 2018, 05:30:43 AM

Quote from: bhadz on May 19, 2018, 10:19:10 PM

Quote from: MJasmine on May 06, 2018, 11:05:04 AM

I've been keeping up with Bitcoin and investing for the past year, and Im wondering if anyone thinks it will drop back down to 6 - 6.5k in the upcoming months?
I've read a lot of projections and there is a mixed consensus but several "vets" agree it's due for a big drop.
What does everyone think?

I don't think we will see bitcoin go back to $6,000. We've been there so that's basically enough for itself to recover.
What will be the "big" drop they are expecting? Did we already have the biggest drop for the entire bitcoin history and it's because of the FUDs and statements that came out from various economy experts?
I'm bullish on bitcoin as long as it stands on $8,000.

no, 2014 was worse. in 2014 we had an 80% drawdown. so far we have only hit 70% off the 2017 high

however. 2014 was the worst year in bitcoin history. mt gox blew up. REAL fud was everywhere.

Still a close one but comparing the both from two different heights the biggest lost for many is from the recent one.
And what's new today? I guess Mt.Gox has never got out of the issue and is still remaining involved from the current bear market that we are with.