Recently Bitcoin was positioned below $ 7,000, after the news regarding the total blockade by China. To continue with the attack Lloyds Bank of the UK announced that it will begin to block credit cards that are involved in the purchase of any type of cryptocurrency as of Monday.
At this moment Bitcoin reports a drop of more than 15% in the last 24 hours, bringing the price to be negotiated as low as $ 6,920 leaving trapped many investors who have bought BTC above $ 10K and even for those who have participated in the purchase of futures a few weeks ago.
A bear market has taken over the price of the BTC exerting too much pressure, the negative news in what seems to be a well-organized "choreography" of governments is paying off and panic seizes the market with a lot of intensity.
At this moment in the communities a state of panic is reported among investors, mainly those who have less experience in this type of market and who have arrived with the "BOOM" of December.
On the other hand, more experienced investors have seen the decline of the BTC as a unique opportunity to buy, it has been mentioned by different specialists that, the price of the BTC has much potential to rise above the $ 20K by the end of 2018. Also, they have said that this bear market is something that should happen sooner or later ...
Among investors with more than 3 years in the market of cryptocurrencies or those who come from other markets such as Forex or binaries have emphasized in sustaining since this crisis is not forever. HOLD is the word that has been used the most by experts.
Interesting to see that that even through this bloodbath the top 100 bitcoin wallets have been increasing their position ... makes you think
buy when it finds support at $4900
Good read.
If you can afford to, just hold.