Quote from: believe in BTC on November 19, 2018, 10:49:52 AM

Quote from: arpon11 on November 14, 2018, 08:20:26 PM

$13billions has just been wiped off of cryptocurrencies market and bitcoin has loss about $700 in just around 4 hour. I will like to ask the expect here what is really happening? I believe that for the last seven months bitcoin has not gone down like e this and bitcoin is the most hit. Ethereum has seriously getting dumped too. Are we heading towards $3000 as speculated by some of us here or bitcoin is going to recover around $5200.
What is the next step to take? Your advice is highly appreciated.

Everyone keeps talking about how the hash rate got down and there was a lot of money sold and the war in bitcoin cash world is ruining the bitcoin world and so forth and so forth. Everyone keeps talking about the same thing like it is a news worthy thing, yeah we all got it, we know there is a bitcoin cash war going on and there is a big sell off on bitcoin side to cover the expenses of such things, however that is not the only reason this happened.

There is no more interest in bitcoin, look at the volume, no one is buying bitcoin, when was the last time there was a good reason to buy bitcoin, look around you, people are bored of bitcoin and all crypto, the hype seems to be over. This is why when some rich man decides to sell his coins there is no buyers that covers that and the price goes down, the real problem is the lack of interest into bitcoin and crypto in general.

The interest won't come from people on the street this time around, they've had their chance, now it will be from big institutions, you only need 1 or 2 major institutions and bitcoin can be return to its former glory, a few years on from that and the people on the street will be interested again.