Quote from: jagdeepjd on November 25, 2018, 12:44:48 PM

Quote from: 13bitcoins on November 24, 2018, 11:45:38 PM

We are in the 3K levels, We will rebounce or Bitcoin will die as faketoshi said?

Bitcoin will not die that is for sure but how low it will go from here is very hard to call. It may take some time maybe a couple of years from here to see a big run-up. Coming a few days are going to be very crucial.

The next few days aren't crucial, the downtrend will stay as long as people are getting off the Bitcoin boat or toying with the sheep.
Too much people are invested in Bitcoin to make it go bust. I believe that whales are doing this to get there hands on the majority of coins.
We are at the brink of institutional investors jumping in the game. I think some shady backchannel investors with big $$$ are at work.

We will hit a point where there is nothing more to sell, less volatility and then the price will stabilize and go up again.
Or the trend will suddenly change when investors start buying every coin available. Then sheeple follow and investors get rich quick.