eldrindcm Posted March 30, 2018 #1 Posted March 30, 2018 Let's talk about Bitcoin's price in the first quarter of the year. January 1, 2018 (via coinmarketcap) March 31, 2018 (via coinmarketcap) From ATH $20,000, the price of Bitcoin went down as a new year started. For the first quarter of this year, the decline is approximately 50% From $13,000 last January 1, it went down up to $6,900 as of this time. As seen on the photos, the market cap went from $216B to $118B, or almost $100B wipe-off. Compared to the last years (2011-2017) first quarters, this is the worst and most terrible quarter. Well, this quarter alone, we already went through many different problems in the world of cryptocurrency, such as Facebook and Google banning ICO ads, multiple hacking incidents of cryptocurrency exchanges, and other regulations. But nonetheless, we are still here, believing and HODLing. In my opinion, after the big dip in Bitcoin's price, a new all-time-high will be achieved in the next few months. How about you, have you sold your Bitcoins when the price is still high o still HODLing until now? Do you agree that it will mark a new ATH this year? Do you predict that the price will still go down?
Administrator Edward Posted March 30, 2018 Administrator #2 Posted March 30, 2018 I'd love to see the price go back up but it's anyone's guess. The climb from 500 - 20k had barely any hickups and was way too fast. A correction sounds about right. Looking forward to the next bubble/hype whenever that may be.
xtinepink Posted March 30, 2018 #3 Posted March 30, 2018 Check this one. Great read https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a
wry Posted March 31, 2018 #4 Posted March 31, 2018 There is no way to know, but it has been a sad three months for Bitcoin. Ironically, it is only the second worst quarter for Bitcoin, it's had worse ones. The Medium article cited above makes no sense. It says big drop but if you read to the end it says not to sell to the "cartel." It is no surprise bitcoin has dropped after its big run up, obviously I wish the drop had not been so severe, and it may go further, but if you think it will still go down you should sell. For me it is actually easier to know what to do with the price is dropping, I hold and slowly build up my bitcoin supply (not that it is very large). What was hard for me was last December when it was going up so much, I could never decide when and how much to sell, and if I did, usually felt stupid the next day when it went even higher.
kurian Posted March 31, 2018 #5 Posted March 31, 2018 6 hours ago, xtinepink said: Check this one. Great read https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a Yeah it's a great read. I doubt the same thing because, we've got great news in favor of Bitcoin recent days but, it didn't reflect in the market price. On the contrary, whenever FUD hits the market, the price plummets.
SuddenlyBroke Posted March 31, 2018 #6 Posted March 31, 2018 18 hours ago, eldrindcm said: In my opinion, after the big dip in Bitcoin's price, a new all-time-high will be achieved in the next few months. I think it will go back up but I think it'll take quite a bit more than a few months, maybe a year or more before it reaches heady heights of 20k again. I think the fact bitcoin bombed so bad at start of this year and is still surviving is testimony to just how resilient the coin is. So here's hoping for a bit more of a gradual bounce back up. The other thing I think is, if bitcoin shot back up to 20k tomorrow... what's to stop is falling back down the next day? But if the climb is gradual, I think this creates more stability for the coin.
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