We may actually, be looking at $5000.00 Bitcoin again. What does this mean for other coins? Well, Bitcoin has a strong tendency to drag the entire market down with it. One of the main reasons for this is probably trade bots that are focused to maximize shatoshi counts over USD. When BTC goes down in value all other coins gain in satoshis. So the bots will continue to find coins that are up in satoshis sell them off dumping the value down then buying back at increase satoshi counts. Then repeating until literally every coin on the market has dumped roughly as much as BTC did.
Alright so, what does this mean? Well we might see a lot of alt coins drop more than 50% as BTC drops to 5k. We may see a lot of coins drop down by 80% during this phase. Even ETH may be worth as little as 500 USD again. Steem will probably be under 2 dollars at least. SBD will probably crash to a dollar. EOS will likely be down to $6 again.
This is it guys, this is the big crash. This is going to be rough. Be prepared for this. And if you catch this dip it may be extremely profitable too. Just make damn sure you know where the bottom is before you get in. My guess is that if you see BTC in the 5-6k range its probably pretty safe to start getting in those long positions.
This process may take weeks as well. We will probably be well into Feb before we reach the bottom.
So you are suggesting that I kill myself now ????
No, what are you thinking? Later in February silly, it's way too early.
Ok lol ill give it one more month to exercise plan b.
why ppl think BTC will be 50k in 2018?? maybe ETH will be 10k end of 2018 or something else.
Complete and utter delusion.
i don't know why ppl stick to something old and broken like bitcoin, atm ETH looks like stone cold value coin (i don't hold any) bitcoin just trags everything down. crypo world should be decentralize, not some big whales manipulate with fake new and bs around the bitcoin, it just slows everything down.
bitcoin keeps us in fucking stone age, another coins have so much to offer, even fucking litcoin feels kind of old outdated and fuck bitcoin gold and bitcoin cash wtf they can fork this fuckers forever.
#HODL
Bitcoin is a cryptocurrency and worldwide payment system.
Bitcoin is an innovative payment network and a new kind of money.
carry on dear
thanks for sharing
thanks sharing and information
Well I hope tou are wrong. I did try to buy some dips in the last weeks. Setting a price from each coin. But I will not invest extra fiat money into the cryptoworld. My comfort limit has been reached.
I do hope that most whales have stacked enough and are planning a big rise again.
I do think that some patterna can be discovered with TA but sentiment rules the market. For me i have seeded my seeds, will let them grow, hoping that I can harvest in the summer.
In the mean time I will sit back, relax and drink a beer. Time will tell.
Cheers
It reminds me of this statement: https://www.coinspeaker.com/2017/12/26/bitcoin-hit-60000-2018-says-tenx-co-founder-julian-hosp/
It seems like the answer to 'Which one is it going to hit first?' will be $5000.
This requires me to accept that there is very little demand below this level now and that bears have an abundance of ammo that hasn't yet been fired.
Don't believe.
Good post ,please follow back friend