What do you think guys??
For my opinion, i guess it will keep dropping for another week. Even it's rising now, i think there are some people manipulating the price. Everyday i have seen the price pump up, and then big dump, repeated for the past month.
As for the previous record, every January and February is a big dip for cryptocurrency. Do you think it's over and if it's not over. How low is the market going down for?
I think it is reasonable to suppose that Chinese will sell some coins before their new year, but that could make at best a 10% of price change. What's important then is whether panic sellers will join them. I think eth will never be $300, whereas btc can get close to $4k, but not now. This dip seems to be over. Now the price will either stabilize on $8-9k or go up. Ethereum seems to be following btc these days, so I guess we'll see it $900 quite soon.
I think that the US hearing may lead to a bullish run, it opened the eyes of many non-initiated people with heavy capital.
Do you mean the hearing that already occurred a couple of weeks ago? I wouldn't say its results were very promising. It was just about regulation and in general speakers were not in favor of cryptocurrencies from what I read.
