Quote from: yonjitsu on October 02, 2018, 12:23:17 PM

I think yes and the 5,000$ price of bitcoin that i witnessed this year is exactly the bottom/dip of bitcoin's price. I actually bought some major alt coins during that time because the price of alt coins are also down. If bitcoin will fall down again anytime soon, i think it will not go below 5,000$ anymore.

When did you witness a $5000 price this year? In your dreams? The lowest we have gotten this year was somewhere close to $5800, and no one can actually tell if this is the bottom yet or not, until maybe we have seen a huge reversal, a new ATH and then we can plainly say, we have reversed from here.

It is normal for a market to hit rock bottom where the support is extremely strong before reversing and we may or may not be there yet, as only time can really tell and nothing anyone can do than to just keep monitoring the trend and blending with it.