The World of Cryptocurrency - Bitcoin Crashed

in #bitcoin7 years ago

king.jpg

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.

btc.jpg

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.


Footer.gif


Sort:  

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.

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 - 😃

😉

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.

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.

That you post has the post many important information,
[[[[[[[[[[[[[[
which for me is very useful. We want to like this important information with you with US to be, we are with you were, are to be.

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

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..