Post
Topic
Board Economics
Re: Markets See Massive Sell-Off, Bitcoin Dips Below $5,600 for the First Time 2018
by
BlueStackz
on 20/11/2018, 06:05:34 UTC
Don't be too pessimistic, the cryptocurrency market is still immature. The decline at this time is related to the competition between the two major mines. When the war subsides, the cryptocurrency will gradually rise. This is the best way for investors to wait patiently.
I still think these are great prices and even if it falls further it is still great time to buy because the price is as cheap as it gets for the past year or so. When something hits under the past 365 day mark it is either going down so low that it won't be fixed for a long time or even vanish OR it will go higher very quickly to correct itself. I am one of those people who believe the market will eventually correct itself, it can't  stay like this as long as people keep buying.

In order to keep the price at these levels the sellers have to keep on selling at these cheap prices and only people who are stupid enough to do it are the hashwar guys and panic sellers. Hashwar guys will eventually stop, they have to because they will have no money left if they continue like this and of course panic sellers are limited and will be over, probably even ended now.