Bitcoin has had one rough day! The past 24 hours haven't been kind and we have seen bitcoin loose over $600 in value in just 24 hours! From highs of $2700 to the lows of $2100s!
Things are bad for bitcoin but this presents an awesome opportunity for long-term investors. This is the time to buy bitcoins in bulk!
I think the uncertainty will go on until beginning of August when they are concluding if segregated witness will pass or not. Until then many other crypto currencies will get there chance to outperform bitcoin...like steemit :-)
This could happen but I think it will correct very quickly and then have another dive in August pre/post fork or whatever happens. Although extremely volatile bitcoin is very resilient. I can't see it continuing to crash much longer. Time will tell I guess :) Main point is INVEST NOW (if you can )
Bitcoin is not dropping, it is simply down-trending into a correction.
Well, it's not just Bitcoin, it's the entire cryptocurrency market. The recent post from the US senate regarding regulations of cryptocurrency spooked people into selling, then people's stop-losses were triggered and other people were scared of a free-falling market and sold out too. The market is currently stabilizing and I believe we will see most coins going back to their pre-drop value over the next few weeks.
Yhs. I totally agree. Lets see where bitcoin will fall upto