I feel like it's my obligation to share my 2 cents on current "steep" drop of bitcoin price. I find it absolutely unbelievable when people say how low the price of btc is, speaking of the price at $10k or $11k. Those who have been in this industry long enough to remember the price of btc to be $5 are just shrugging their shoulders short of words.
What I'm trying to say is that those new community members so called "hypers" should stop spreading fud when price goes down and same goes with price growing. Actually growing price of btc is kind of problem as it's starting to miss its original purpose of cheap quick transactions. We need people focusing on real value of this ecosystem rather than moon kids...
Thanks for hearing me, couldn't help myself
When the crypto drops the value. I consider normal. For example, the cost drops 5% to my sight that a standard drop no need to stress on it. When the see falls like 6 to 20% in my view, there is a problem with it. Now the Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, all the crypto coins on the market are drop 6 to up. That means the there is an issue regarding all the crypto. I dont yet read some news today. I will figure it later.
I notice that everytime the price of bitcoin decrease other coin also decrease, well it's normal and I think we need to be aware for that, for now the recovery of bitcoin was take so long and we need to keep calm.