My holding is -40% so it is already happened. This is probably a big crash people talking about few months back. I hope 60k is the floor
Sadly. bitcoin break 60k, and your wish is not coming true. But, the dump of bitcoin is not stopping yet, and altcoin is likely getting doomed again soon. We may not see the 60k floor again until next year. The market may be bouncing a bit. But, I suggest you not to hold your token for the long term. It's due to the MTGOX. Germany and the US government are still dumping their bitcoin to the market. And in the last, the dump from those parties ma be causing another panic sell, and it's gonna dump your portfolios too.
Bitcoin has now fallen to $54,307 and Ethereum to $2,868. Over the past 24 hours, Bitcoin has dropped in price by more than 7 percent, and Ethereum by more than 10 percent. The drop is very sharp, but there are objective reasons for this,
which are not too long-lasting.It is expected that by the end of summer there may be a good rise in the cryptocurrency market again, so there is no need to panic. Now there is a good chance to stock up on promising cryptocurrencies at a very low price, if you have available funds.
True. But, you must also consider if there are billions worth of bitcoin, and these bitcoins will soon be distributed to the market. And retail investors are likely feeling worried to enter the market again. But, that makes sense because they can be used as exit liquidity by MtGox recipients and governments.
I'm not even feeling panic. But, I'll take the opportunity to short the market. However, it's hard to scalp with futures. But, it can help me earn money. It's kinda weird to load up crypto during the bearish trend like this because you may lose your money instantly. And last, waiting for Mtgox and government to dump their btc is the best choice for trader.
In addition, i provide you a letter from mtgox says they are gonna repay their investors this month, and it's around 144k BTC(probably more).
