It has been a BRUTAL few days in the crypto world as China and South Korea are threatening to kill Bitcoin trading. Is it time to panic or will everything be gravy again in a week or two? I would love to hear your thoughts!
Time to panic?
It has been a BRUTAL few days in the crypto world as China and South Korea are threatening to kill Bitcoin trading. Is it time to panic or will everything be gravy again in a week or two? I would love to hear your thoughts!
Certainly Bitcoin's biggest challenge to date. For me there's too much momentum for this to halt the BTC train from rolling on. I predict we'll be around $15,000 again by the end of Feb/March.
I hope you are right. Big governments trying to ruin our financial well being.
Every revolution faces it's barriers, this will be no different. Granted this is a global revolution against many huge financial and government organisations, like you say. It's at these times we need to soldier on rather than panic!
Amen Mark! I am not following you!
People who have been in the space for a while are doing just fine. It’s everyone who jumped on the CNBC bandwagon and bought ATH who are getting slaughtered.
Good point. I know a lot of people that bought in before Christmas at $16,000
That’s brutal... The institutal investors have taken a lot of mom and pop money since they pumped the coins in December.
The current prices are as a result of the panic. In Crypto market it is not new and it happens on a very regular basis. its going through a correction which many thought was long overdue. it went up too high too quickly now its adjusting. lots of profit taking in the past month or so. we may see newer lows and further price adjustments. i think it will hit $8000 soon, so keep some fiat in hand.
I am interested to see how low it goes. It is only a loss if you sell low. We gotta keep the faith.
You're so nice for commenting on this post. For that, I gave you a vote!
keeping faith is good, i am doing that too but do consider taking some profits every now and then. for someone to hodl all the way from $20,000 and back to $9000 sounds like a lot of missed opportunities. i keep trying to take a few profits every now and then. this allows me to take fresh positions too. going low provides new opportunities and we should be ready to make use of these opportunities. remember the panic is not over and it is likely to go down further. i expect btc to touch $8000 from current situation in next few days. all those new investers are not going to keep faith and may jump off the ship shouting "bubble!!!"
You'll only bleed trying to catch a falling knife. Let the communists threaten cryptos. Only drives up exclusivity.
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