Bitcoin Price Dropping - Are You Scared?
It is as it is planed. Bitcoin price should reach $10000 only at the end of the year but we allready had $10000 Bitcoins in June. That was a suprise. Those 5 montsh of constant price increase. A big surprise I would never predict. What is happening right now is totaly normal. Price can easily go down to $6000 before recovering. But can also stay where it is right now. We are not hihg or low right now. Just perfect.
How can you say that Bitcoin correct price for December 2019 should be 10,000 ? I do not see any logical reasoning behind it. I am sure bitcoin will be either 1- 3K above or below 10K on December this year.
And Yes, the bitcoin falling is very scary as after the dump it takes a lot of time in recovering the bitcoin price.
That is what I predicted at start of the year. Considering Bitcoins price in last 8 years. What has happening from March untill June was an anomaly. Price was groving to fast. Well price was groving normaly, but there was no corecction. That was an anomaly.