Sunday the price of Bitcoin dropped from $7600 to $6800, losing more than 10% in only 1 day. What are the reasons for it and what could be next to happen?

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18 COMMENTS

  1. We can always make excuses for these drops to make us feel better/keep hope. I’ve been going through this since 2015. It’s a young market with many growing pains. People need to always have a plan when they enter and when they exit. You’ll make money on the ups and downs as long as you have a plan. The main problem that I see now as I see it is the liquidity levels (low). We need more liquidity and retail investors need to stay calm and ALWAYS have a plan. Stop believing the hype and dreaming about lambos. Stay focused and invest smart. Cheers!

  2. If your not in this for a long run my advice is for you to get out or you'll end up losing eveything. But if your smart and patient then you'll get your reward.

  3. Not all cryptocurrencies.

    Pcn is holding strong, not caring about the market. 100% stake. Now cheap at 14 sats, just had his ath at 17 sats.. 100 sats incoming.. Cryptopia incoming, just know you read it first here.

  4. Great video man. I think everyone just needs to keep a broader perspective on the market instead of thinking even in weekly terms. These dips are nothing in the big picture. Hey, curious, would you be into doing ICO reviews ever? Would love to hear your take on a couple projects like Muirfield IP and Fr8 Network, really interesting looking from what I've seen

  5. After all this time you should really start to understand markets.. Come on, just put one day of your time in it. You have been brainwashed by the hodl memes and the altcoinscam. Please take your red pill. PS: this drop was soooo obvious. News is only a small catalyst, not the explanation. Learn to trade, learn TA, learn psychology and don't convince yourself of the positives only. The fundamentals are probably lower than you think (especially about some of the alts you hold that have a fundamental value of 0). The last week there was only distribution. Whales loading off because we are guaranteed to reach lower than 5K. You keep telling yourself stories that only punish yourself like 'we are on support and we will see a bounce back into the triangle'. You have to keep an open mind here. Losing 80% of your investment is not risk management and shows a lack of understanding, please wake up to this. 'Volume is going up'… come on you see everything as good news. It's clearly selling volume that went up.

  6. I really getting concerned about crypto currency…last week i really dont see one good green candle…after the drop yesterday there even is not a bounce…that means we go way lower imo

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