I'm hoping that bitcoin will not below $7,000, someone says the behind of this bitcoin down price is the Mt.gox I don't know if it is true or not, but I still believe in bitcoin and will recover soon.
Who knows? It may actually be anything and could be way far from the news. It is funny the way the market has played out for a while that even with all the sentiments around with some feeling bullish and some few ones feeling bearish, it just seems the market is not even ready at all for any form of bullish moment anytime soon and all that we can see now is just the bears taking the day. We cannot say for sure how far it will fall, but only time can give us that.
More stricter regulations are coming into place, which might mean losing investor confidence in the short term.
I am not even seeing strict regulations in most places, except just few ones that simply would not have caused such a crazy move in the space downwards. The gospel truth is that no one knows what exactly may be going on generally in the market and sure, all these FUDs may be the cause, but I just feel since the appearance of futures and some of these big institutions, a lot of things actually changes with the market movement. I may be wrong, but that is what I feel.