I don't sell bitcoin for Xmas and year-end, just sold altcoins to cash out enough for my expenses.
Many reasons why the bitcoin price drop but one thing for sure, more people selling bitcoin than people who buy it.
Aside from that, we don't know the exact reason why the market at such a condition, probably miners generate so much bitcoin and it's time to get more cash for Xmas and year-end.

What kind of dapp you've built? How it works, for trading altcoins?
Every coin in the market is the object of manipulation, bitcoin, eth, bnb, dash, bch, even if your dapp has a coin, it will be treated the same way.

Yes for every trade that generates profit and for every cup of coffee the U.S's citizens buy using bitcoin.
Trading and use bitcoin as a payment method are two different things, however, the federal still want everything people have earned.

The IRS has made it mandatory to report bitcoin transactions of all kinds, no matter how small in value. Thus, every US taxpayer is required to keep a record of all buying, selling of, investing in, or using bitcoins to pay for goods or services (which the IRS considers bartering). Because bitcoins are being treated as assets, if you use bitcoins for simple transactions such as buying groceries at a supermarket you will incur a capital gains tax (either long-term or short-term depending on how long you have been holding the bitcoins). When it comes to bitcoins the following are different transactions that will lead to taxes
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What kind of forecast? Bitcoin will fulfill the forecast and will rebound again and over again, $7000 isn't the limit for bitcoin, it will soar over $10K and $20K in the next year.
Bitcoin isn't just a store of value, it has a real function as a peer to peer electronic money, we use it here as a means of payment for most transactions like the payout, buy and sell, on a daily basis. Blockchain maybe many things depending on how its used, however without bitcoin, none of those digital currencies will last long.

Seems we have to prepare more cash to buy the dip, it will drop to the significance level, can't resist the temptation obviously. I'm surprised that there are people willing to sell bitcoin at cheaper rates like below $6000, but there the list; miners, traders, and manipulators. Considering miners still gain profits after cover their expenses, there is no problem to keep selling bitcoin.

It's inevitable for a corrupt government, it's the human nature which always pushes the desire to collect more and more by ignoring the interests of others.
Not everyone can afford to have access to technology like a new smartphone, even for the internet and electricity in most countries in Africa are arguably rare.
If they can use it, then it would be the benefit for them, for those who can't, let life go on as it is. Many donators have contributed to building a better education in Africa, it starts from there.

Seems bitcoin will drop below $7K instead of trying to break the resistance level above $7500. While we've entering the mid-December but the market shows that more seller than the demand to buy, which mean the price will continue to decline.


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Its just time matters before bitcoin growing too big to set aside by the countries all over the world, so governments feel the need to regulate cryptocurrency in their countries, whether they will ban or allows it. Since some countries that ever ban cryptocurrency currently procced to allows it, then bitcoin will be regulated and more people will recognize the usability of bitcoin, then slowly bitcoin will gain mass adoption.

War, debt, high interest, inflation, all these schemes developed by some entities which control the world economy. Forget about it.
If USD going to rise in 2020, which means; For people who can't buy USD directly, invest in USDT or USDC is a good option for a store of value?

Well, good to know what's coming in the next 5 months, pretty boring hah 
At least, we have to prepare some spare cash to survive through the months and the rest to buy more bitcoin.
At this point, better to watch closely to put short or long positions.

The current bitcoin price $7184 is a cheaper price than it should be, the plan is simple; just buying bitcoin to accumulate more into my wallet, before it rise up more than $8K to $9K sooner or later, considering what will happen in the next year, bitcoin surely will spike up beyond $15K. Meanwhile, take a look into information in the market, if there is something that may affect bitcoin price positively or negatively, something that may change the plan to hold or to sell. The sentiment in the market still in the "sell phase" though.

To use bitcoin, it's a complicated thing from the beginning.
Someone has to learn the fundamentals of bitcoin, learn how to create a wallet (address) in a secure way, save the passphrase, or sign-up on an exchange learn how to use it, set the miners fee, and so forth. Everyone must go through that path if you want to use bitcoin, there is no shortcut or a way around, or else his bitcoin can be lost or he will be fooled by others.

Trading is not for everyone, in most cases, people will lose their money rather than make profits.
Aside from whales, exchanges also make big profits just by providing a place for the battle.
The best advice for newbies is, just buy bitcoin right now as much as you can, and do not spend more than you can afford to lose, save some fiat as a back-up.
Wait for a long-term, 6 months or 1 year, then in 2021, you'll see it's worth it what you've invested today.

Both are needed, fiat currency that represents the economic growth of a country as an official medium of exchange, as long as a country could manage their economic, then it's good for citizens to have a stable currency. On the other hand, cryptocurrency such as bitcoin and altcoins aren't really stable and nothing backed behind it which slowly growing and worth due to proof of works that needed so much resource, in short; mining cost. So, we don't need to pick one and abandon another, just use both it.

He is someone who is unstable and inconsistent with his opinion, spread fud based on nothing, precise calculations? 25% drop? LoL, don't make me laugh.
Yes, currently the market sentiment seems negative after bitcoin fall to $7100-$7200 and may plunge even further but the chance to climb up still promising.
The price of bitcoin could change within a few days, just like the last time it fell, from $8600 to $7000 within 2 days on Nov 22nd, does not rule out the possibility that the opposite might happen at the end of the year.

If bitcoin can break out the resistance level to $8000, then we can talk about bitcoin heading to $9200.
But for now, the technicals analysis shows that the market still in the selling phase, more than people who willing to buy.
We still have time to see where it's going, 19 days to the end of the year.

Agree, people around the world will realize how useful and beneficial using bitcoin as a payment method or just a store of value compared with fiat currency which is always affected by inflation.

The current financial system is on the brink of failed, proven by some countries in economic crisis or hyperinflation, but it just a few, most countries still hold on and going well even though the economic growth is not so good. We will see whether the government's attempt to create their own digital currency will be successful or just another failure in the end.


$10 Million in 10 years later? Hmmm, I'm not so sure, considering the current market condition, whales, govs regulation, manipulation, fraud activities using bitcoin such as exchanges hacked, acceptance, scalability, and so forth. I'll say bitcoin will hit $1 Million in 10 years, in 2030.

For now, $8000, next month probably $9K or 10K, and will increase as the price of bitcoin rises.
In short, there is no limits to buy bitcoin, people will always consider whether bitcoin still has room to increase or will fall soon.
For example, when bitcoin reaches the last ATH at $20K, many investors still bought bitcoin although eventually the price dropped.

What is the indication that bitcoin will fall to $6K soon? because it was $7500 yesterday and drop to $7200 today?
If it's true, then buy the dip without hesitation because we know what is coming in 5-6 months later, high percentage bitcoin continues to accelerate through the next year, will get back to the ATH. No matter the price right now, tomorrow or next week becomes $6K, just stockpiling as much as you can.

Bitcoin usability is the main reason for bitcoin to become a mainstream digital currency, in fact, many companies and countries such as France, China and Facebook creating their own digital currency.
The main reason probably because bitcoin volatility, the price can spike up and tumbled within hours, who wants to invest $10K today but tomorrow the value of bitcoin loss $3K?
Another reason is Government regulation, it's a good thing if a country acknowledges bitcoin as an asset like gold or bonds which everyone is free to trade it, without tax is even better. If a country declares bitcoin is free to use by the citizens anytime anywhere, then it's going to be mainstream.