Quote from: Pursuer on August 03, 2018, 06:46:17 AM

Quote from: NeuroticFish on August 03, 2018, 06:43:15 AM

Quote from: medaheads on August 03, 2018, 06:22:12 AM

Until then, it may hover between $7600 to $9000.

"Hovering between $7600 to $9000" is different concept from crashing.
Did you want to copy/paste a different news and mixed them up? Tongue

Also, it cannot really hover "between $7600 to $9000" when the current value is not inside those limits, right? Wink

Maybe that's why you change the subject to "crashing"? No. It's not crashing, at least not in my opinion. Just the lower limit of the "hovering" interval was too optimistic. $7000-$9000 or even $6500-$9000 may be more realistic.

it is because the definition of crash that newbies like OP have is very different from definition of a crash that normal people have. it comes from their false expectations out of bitcoin. they expect it to always rise and rise big. for example if today price were $7000 they expect it to be $8000 in a week then $9000 in 2 weeks and by the end of the month they expect $10k and $100k by the end of the year.
and when that doesn't happen they consider it a "crash" and sometimes they even call bitcoin "dead" because of it!

Absolutely right!!!
New people come up with a very high expectations from Bitcoin that they are gonna earn rapidly and especially when they hear about the early adopters who were mostly average class and then became millionaire with Bitcoin. But one thing they miss that the early adopters were very much patient about BTC also they got a chance which was available only at that time and that situation can't be repeated. The early adopters have also seen some worst time of Bitcoin when no one was even ready to accept that this sort of technology exists and it will be recognise someday by almost all the world.