Quote from: gabmen on November 17, 2018, 08:55:22 AM

Quote from: South Park on November 16, 2018, 10:23:55 PM

Quote from: mwaqar17 on November 14, 2018, 05:09:48 PM

Today market is going down and in a single day 112B$ to 101B$ and still it is going down. Do you think it is getting ready to move up or it will go down further towards 5000$ or more. Track record of BTC shows that it is vrey un-predictive to predict about BTC.

It is obvious that the current movement of bitcoin took everyone by surprise but there is not a reason to panic and to think that we are going to reach such a low price, it is likely the current price is going to remain for a few days or a few weeks and then we're going to go back to normality and the price of bitcoin will be above 6000 as it has been for the last months.

Well as you said, it's extremely unpredictable so it doesn't make a lot of sense to try and foresee what direction it will take from here. We've been a little complacent with the previous stagnant price that the dump shook a lot of people. Guess we just have to prepare for whatever will happen in 1 and a half month.

Being prepared for whatever happens is the only thing that we can do, most of the time I see people that are preparing themselves for the next bull run and while there is nothing wrong with that most of the time they are not prepared for a scenario in which the market doesn't move for a very long time or a scenario in which the price goes down and that is why they panic.