Ok now we're at 104.
That was really worth it
I guess i will never really understand trading. And that's why i don't do it
1) market is driven by speculation
2) we just had a phase of parabolic growth, followed by a bubble burst
3) new money stops flow in, old money starts flowing out because of 2.
4) a lot of "bears" are still sitting on big profits, see 2 and 3, and decide to realize those profits
There's nothing to be "known" apart from the above. Thats what you call a bear market after a bubble, This is how markets work. Bubble is not reinflating right away, market interiorizes that, prices needs to correct and adjust before a sustainable growth trend is resumed.
Coin is not hurt, Bitcoin is stronger than ever, there's no need to be in pain. Be grateful that you have the opportunity to buy cheaper coins, if you really understand Bitcoin you will realize you are actually being lucky, as the guys who had the luck to witness Bitcoin potential during the bubble to $32 while increasing their stash during the fall to $1.99.
And as I always say, short term bear doesn't change the big picture bull. Even if BTC goes to $30, that's more than double than in Jan this year. Relax. Zoom out. Bitcoin won't let you down. Just be rational, emotions won't let see you clearly.
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