There are news that circulates in the web that the whales were planning to pump the coins and then dump and the btc will drop as much as 4.5k dollars. Im not sure if its true but only time will tell.
You are viewing a single comment's thread from:
There are news that circulates in the web that the whales were planning to pump the coins and then dump and the btc will drop as much as 4.5k dollars. Im not sure if its true but only time will tell.
I would not be surprised. There have been many accusations that crypto is one giant ponzi scheme.
#BTC continued its decline and is now trading near the $ 9800 mark.
There is a possibility that the cue chart, like all crypto currencies, formed the "bubble blow off" scheme. This has already been two times: a fall from $ 32 to $ 2 in 2011, and a fall from $ 1175 to $ 230 in 2014.
Now 2018 and I'm guessing blowing from $ 20,000 into the $ 4000-5000 zone. Yes, there is a future for bitcoins, but realities at the moment are not the most positive. As they say, everything is cyclical. And now. The market punishes the weak and greedy players.
From a technical point of view, the trend is still downward, the trend line is not broken, and therefore further decline looks very logical.