I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
Well it was said that Bitcoin price crash due to Bitcoin Cash ABC and Bitcoin Cash SV. But I think we have been played all along and I have a theory that CW has been planning this for so long and might even colluding with other crypto websites as well to create waves of FUD article like this one.
https://www.ccn.com/crypto-investors-who-bought-bitcoin-at-1000-are-now-starting-to-sell/So there's definitely some colluding from behind to really make the market worse. I will say that its not over yet, I'm expecting some investors are still going to pull the plug, so personally we can still go deep in the next couple of weeks. If everything settles down in a month or two then probably the first quarter will be a big test to see if the bulls will start to show and flex its muscle, otherwise it will be a big uphill battle unless some positive news like the Bitcoin ETF or Bakkt can turn things around.