Bitcoin is currently down about 17% from the peak and other popular cryptocurrency such as Ethereum and Litecoin also down. It is because there us an unusual and sharp rise in those cryptocurrency and there is overestimated market value, so it now falls. I think it is good to have adjustment of the market value since if the price continue to rise, it will diagnose a bigger and bigger bubble.I think cryptocurrency market has a very large potential since it is a revolutionary that will change future structure of global economy. The downing price also provide a buying opportunity to people but people need to consider whether they can afford these high risk assets and the it may have a chance of cryptocurrency to worth nothing.
This is actually good for investor like me, who just started in this crypto currencies market. It helps lowering cost of entering this market. So more ppl can go in, so in long run, this is good for the whole crypto world. If it can goes a little lower, it's even better.
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Great post! I also think that cryptocurrency still has a lot of potential to grow and it seems that if bitcoin will come through Segwit implementation whole-heartedly it will rise again
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Bad Bad Bad
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Good to let some air out of the bubble or it will crash badly.
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12 hrs stochastics is on a low point
1 day stochastics almost but unfortunately not a decisive spike down (yet)
3 day stochastics same as 1 day
1 week stochasticsis only starting to come down
It would be great if price actions over the next few weeks leads to the 1 week stochastics giving a good spike downwards. Indeed, that would let out some steam of the bubble and could prove an excellent buy opportunity. Luring for an entry point below $2,000 currently.
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Yes, i'm looking at the $1800 - $2000 range to initiate a buy as well.
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ohhh....
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Down today, to the moon tomorrow lol I am not worried at all. Honey badger doesnt give AF yo
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and what about those who were saying it will go to $3000 mark
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