Quote from: molsewid on Today at 10:42:30 AM

Quote from: quocsi on May 17, 2021, 11:46:44 PM

Right. Bitcoin is in free fall. Bitcoin value is going low during this period. Is there something unusual here? You should exercise caution when investing in bitcoin at this time. Due to the impact of the world economy, the covid 19 pandemic is breaking out strongly globally, especially in Asia. It has had a dramatic impact on the bitcoin value. You should ensure your safety during this time.

I agree with you that bitcoin is in free fall currently. There is no unusual I guess since it's normal in bitcoin to change it's value. The only unusual is the duration, I observed the fall is quite long. I'm from asia and right, this pandemic really hits us hard economically and up until now our country is not recovering. It's not the right timing right now to invest in bitcoin here in us. All asians should be extra careful during this time.

Just another bump in the road. So expect the unexpected, we thought that we will see a new all time high this May, but so far the market turns bearish. But it doesn't mean that we are not going to get into 6 digits at the end of the year. I still think that we are still in the bullish cycle, we just hit a big wall and then a lot of negative news as of late. Just be careful though, as Asia is really hit by the second wave and hopefully everything will be ok.