While some of us are aware that BItcoin suddenly took a huge dip from a stable $6400 to a shocking $5400 dip late this week. A total opposite of what had transpired last year of fourth quarter where bitcoin skyrocketted its value to almost $18000. Many are left wondering what is happening to bitcoin or will it be the end for the coinn what do you think about the current situation?
Yes,it is a total opposite.And so what?There's no guarantee that the bitcoin price has to follow the same pattern every year.I was expecting a big pump at the end of 2018,but know I think that it won't happen.
Anyway,life goes on and we just HODL(or buy more bitcoins).
This price decrease can't be compared with the December 2013 price crash,and yet there are people,who say "is this the end of bitcoin?"This is hillarious.
This crash is damn near identical to the 2014 crash off the 2013 pump. In both cases we are around 30% of the peak 11 months following it. If both these periods continue to mirror each other expect bottom of about $3000 or possibly even into the $2ks next year.