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RE: Bitcoin plunges below $2000, what's going on?

in #cryptocurrency7 years ago

Well, it'll fall lower than this. WELCOME TO THE RECESSION IN CRYPTO MARKET. Please fasten your seatbelts. Crypto market is in strong downtrend. Everywhere we can see the panic selling. Everyone is dumping their shares. Everyone is afraid of Segwit hype. No one wants to loose any money. So people are just converting their bitcoin into fiat.
Until 1 August, it ll remains the same and after that may and may be it can increase in price. GOD helps all those who have invested in crypto at this moment.

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lol could you be more dramatic ! :)

Yes, I could be . But as far as the present crypto market conditions are concerned, this is enough :) Lol @cqdx

Crypto still safer than fiat right now. US dollar collapse is imminent.