We are now in a difficult position.
All cryptocurrencies are down.
Bitcoin is down (bitcoin is now worth 40% of his higest).
Ethereum is down(ethereum is now worth 43% of his higest).
Steem is way down(steem is now worth 28% of his higest).
And you just dont know what to do.
But there is still hope ( I think :) )
my reasons for my hope:
people are waiting for a good price- a lot of pepole are might just waiting for a good price.
a few monthes ago bitcoin price sky rocket 20K for one coin is to much no wonder he started falling from that price exactly. Now the price is pair price and pepole are might start buying it again.
Buying orders- In exchange you can do buying and selling orders. And there is might be (almost sure ) large buying orders waiting for the right price to be bought and bitcoin will skyrocket again.
selling orders was the one that started bitcoin price to fall.
in 12/19 you can see that bitcoin started falling from exacly at the price of 19000 $ he fall almost 10 % at this day and it started a chain reaction pepole who bouth bitcoin at a price of 18000 $ got paniced and sold and than the one that bouth at 17000 $ than 16000$ untill it crash.
buying orders might start this reaction again.
Bitcoin price is still growing in the long term -yeah sure now bitcoin is worth 40 % of his hightes but it is still in the short term. Now bitcoin is worth 8000 $ 5 mounth ago he was worth 5000 $ a year ago he was worth 1000 $.
I still see it growing in the long term untill it will be a crazy price.
falls like that happaned before and it still didnt crashed.
For the next time I will write why bitcoin might not succed and crash.
