Maybe there will be enough pain if we go down to $6000 and then up. Maybe we don't have to see $1300 like the $150 in 2014. I heard that some long term holders are thinking of selling. Even I was thinking that yesterday.
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Bitcoin will rise again
Yeah, who knows where the actual bottom will be, here's my take on that:
https://steemit.com/cryptocurrency/@tradealert/bitcoin-exchanges-wash-trades-and-bubble-burst