Quote from: malevolent on December 20, 2019, 12:34:46 AM

Quote from: hatshepsut93 on December 19, 2019, 05:50:05 PM

Seems like the price has mostly recovered today, so the recent crash was just a panic and manipulation rather than something fundamental - and it would have been really surprising if some Chinese Ponzi could have influenced the price for a longer period of time. The lesson here is as usual - do not let sensational news affect your trades, look at the long term.

Medium-term we may see the price heading further downwards with this new low. And the price only recovered to where it was a week ago. 30 days ago it was $1k higher.

Right, I too think that the market will continue do be bearish, but it's not going to free-fall, and it's probably not going to go down much further than 6k or high 5k. The last bottom was at 3k, so we are currently close to another bottom, if we extrapolate the chart. These ponzi news are just a fluctuation, it doesn't matter much even on medium term.