Cryptomarket is bleeding RED, will recover least in the summer of 2018

[Spinat]

I just noticed the bitcoin and all other altcoins are bleeding RED I was choked‌ to see the bitcoin to be as low as $7,600 already and expect it to‍ fall even more maybe to $7000!!

When reading about this news for instant here Bitcoin Drops to $8,030 as Cryptocurrency Market Continues to Slump I also noticed the comments below⁠ where people are still positive in their mind about bitcoins and the entire crypto market.⁤

What do you︀ think will all this survive or is it really a bubble? Make your vote below!︁

 

[Martin Everson]

I think we are in a bubble. However Bitcoin can go up to $20k with‌ a trump tweet or down to zero.

Bitcoin is a pure speculative instrument right now.‍ It seized being a means of exchange since its too expensive for small payments.

 

[hiju]

why is it expensive? I have made transfers today for less than 0,20 €!

That said, I don't believe bitcoin to be good in the future for investments but for‌ payment to gray scale services it's perfect.

 

[void]

There are‌ other cryptocurrencies that are faster, cheaper, more/completely anonymous and more advanced in other secondary parameters‍ for this purpose. So I don't see your point.

If there is any value in⁠ bitcoin nowadays than its strong position, high penetration, well-known brand for masses and also many⁤ smart people with big influence involved in bitcoin right now.

 

[Martin Everson]

I made sepa wire transfer for zero cost and in‍ realtime. When Bitcoin network busy fees go through the roof and take ages. Sepa wires⁠ don't have this issue. That being said 0.20 is acceptable for current Bitcoin price. How⁤ long did the network confirms take?

 

[Martin Everson]

Agreed.

Bitcoins value is in sentiment and speculation. Lesson one in trading is⁤ ignore your heart and follow your head. We all know markets can't go in one⁣ direction forever.

 

[Spinat]

It is on the way up again, let's see how lon it will go up!‌ I cross my fingers it will rise to at least 11K better 13K soon.

 

[suzy]

some sya they will go as low as $4000 in the near future. I don't‌ hope this to be true 🙁

 

[extremedox101]

[No content provided]

 

[blizz]

looks like it is recovering now.

All coins rising thu&¤#

 

[Martin Everson]

Rising for now 🙁

 

[JohnLocke]

Let's hope it will recover now! It's down below USD 7300 it's annoyingnai¤%