The World of Cryptocurrency - Bitcoin Crashed

in bitcoin •  7 years ago 

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We've had a fantastic rally this last quarter of this year. In just the altcoin market alone, every single coin has just gone off the charts. If you bought any altcoin just the last two weeks, you basically made up all your losses from the last month's altcoin carnage that happened. It just shows that altcoins can make up all your losses.

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Earlier this year, we had this massive rally of cryptocurrency but it wasn't like anything huge compared to what we saw in some of the altcoins and one of the reasons was because Bitcoin was going up on a percentage basis, the altcoins were just killing it. And now before 2017 ends, Bitcoin crashes in about 40%+ drop and this makes some of the cryptonians into panic mode situation. Speculations were sprouting throughout the web on why bitcoin drops drastically without warning. For now, I don't see exact reason why it drops that much, all were just speculations - they said there is market manipulation and some said it is the strategy of the deep pockets in the wall street to "pump and dump" while others said it is just a bubble correction and this will make bitcoin even stronger. And of course, the critics were always there saying this is now the end of bitcoin mania. But as for me, whatever reason is on why bitcoin crashes, I will simply take this advantage to buy a considerable amount of bitcoin at the lowest price of $12.8k and wait for it to rise again. Surely it will skyrocket this coming few days and it will surpass its $20k mark, maybe it will hit $30k in early 2018 - hopefully.


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Yes king has fallen and its good time for all of us to invest in bit coin currency. May be its a christmas gift by cryptocurrency bit coin. All the best to bit coins holder nice post @elizahfhaye

Yup i agree with you, its hightime to buy bitcoin now. 😃

yes it's a high time agreed. but whyn't do some more patience? what in your opinion in this matter.

  ·  7 years ago (edited)

A good time to buy, it should head up where it was in a few weeks.

Thats true

Hmm. Let's pray it get back on track

It will get back on track this few days

The sun rises, the sunsets. Be ready before dawn to buy your bitcoin, not at dusk, my freind.

Perfect time to invest.

Agree

December 2016 - 1k
December 2017 - 10k+
December 2018 - 😃

😉

Yea.The fall of bitcoin is really drastic,falling as low as 12k.I really hope it starts appreciating in no distant time.This is a really good post,thanks for sharing,sir.

Its hightime now to buy bitcoin. Lets take advantage of its low price 😄

I totally agree.

Drastic? It was barely worth shit a few years ago. Was everyone not running crazy when it got to 8,000.

I think its more of bubble correction. Bitcoin would keep rising for years to come (IMO)

$12,000 is such a comfortable place to fall.

Let's be hopeful it rises again...
It's a big hit.

For sure it will rise again this coming few days. Its just a correction and it normally occurs everytime bitcoin hits the roof.

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This post through I something new found out. So beautiful a posts to thank you.

Thanks 😄

Really good time to buy

Bitcoin will be a big tragedy in the future.

That will be our great nightmare, lol

I belive it.

Hey @sagor5828 what do you think like that? Don't you have investment in Bitcoin? If you are on Steemit you can transfer it to Bitcoin or any other coin and make profit.

If the "lightning fork" takes effect- Bitcoin will be controlled by wall street, and Litecoin and other cryptos will gain in value, as bitcoin is liquidated. The entire world- especially the american citizens are sick of wall street stealing from us and the rest of the world. It makes me ashamed to be american now. We used to be one of the best countries in the world, now we only make wars and the IMF and wall street steal from other countries and governments.

The Lighting fork will never happen, I see Segwit 2X and other softfork been implemented. Bitcoin will not derail to that controversy that you fear so much

check also my blogs for more..

This post has received gratitude of 12.77 % from @appreciator thanks to: @elizahfhaye.

I hope it surpasses 20000+. I have invested when it was high and now I am expecting it to go beyond 20000+ because it's going to help everyone.

People will start to invest in these currencies and other altcoins.

What do you say @elizahfhaye?

To me, corrections like this are always interesting to watch, from a psychology point of view. Experienced investors tell new comers again and again and again we are in a bit of a bubble, be careful. Yet people sink their life savings in and deny all bad news. Then we tell them look ok you have a lot of skin in this game—there will be a large correction at some point, but when it comes don't panic; sell on top if you can time it well, but otherwise just hold on and don't worry because it will recover. Then when the correction comes, they panic, sell after it's fallen, and start preaching about how bitcoin is over.

le sign.

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I call it Xmas Cashout ...every bank in the world is having massive cashouts, I don't see why bitcoins and altcoins won't be an exception. The market will correct itself. This happened in 2015 and 2016. This is the time to start buying and waiting till the mrket is corrected . Fear will cause you to loose in the afterwards. Happy decisions and merry Christmas.

Thanks for the information. It gives bright hope

guys its time to buy..... buy as mich as u can ..... it will hi 25k soon.

I Think it is the best time to invest.........
And It Will Rises Again

sudah kami upvote artikel anda @elizahthaye, jagan lupa di follow sama di upvote balek y :)

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This post has received a 12.38 % upvote from @aksdwi thanks to: @elizahfhaye.

Now we must by the king