Bitcoin community has seen the biggest pump of all time this year. Exactly last year the price of 1 bitcoin was $746 and now it has already reached $10,000. It has been a kind of tradition for bitcoin to pump and fall a little bit and then again come back to a new level pump. But in this case of $10,000 pump it is expected for bitcoin to dump a bit more.

Why bitcoin is expected to fall ?

I am not optimistic about bitcoin and do not expect it to fall giving you the rumor.

There was a reddit post where it mentions a group of Chinese whales is pumping the price of bitcoin to $10,000 and eventually make it fall below $1000. That is a 90% loss of money.The biggest loss we have ever seen was 40% loss which was created by Chinese ICO and exchange ban and the FUD which was created in bitcoin.

Even if those whales sold their bitcoins then also the price will never drop to $1000 again. But in worse case the price may fall to $8000 because of the whales and to $5000 because of the rumors and fear created to the normal holders of bitcoin.

The whales wan't the price to drop so they can buy bitcoin at a lower price. They will create fear to the normal holders of bitcoin and make them sell. This effect the price of bitcoin just for a short term. But in long term bitcoin will eventually reach around a million dollar.

What should you do ?

Simply hold and wait for the price of bitcoin to go up. This will the best strategy for you because the price may or may not fall now. Even if it falls drastically it will eventually go up for sure. So, do not panic.

Here is the link to the reddit article:

https://www.reddit.com/r/Bitcoincash/comments/7f39m0/the_operation_dragonslayer_conspiracy/

"Bitcoin is unstoppable" - Bill Gates

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