Just too late to sell-off and take advantage from this crash
But another chance to buy more cheaper coins, digging to my savings and looking for money to buy at this rate.
I guess, bitcoin may need another month to recover, back to over $4000 again because Chinese bitcoiners have big portion of bitcoin and they just create panic sell or massive sell from traders.
This crash should is a good buying point and sell-off is no longer an option. Expect the unexpected as I'm feel that there are still dumps coming from China. But yes, this is great chance for us, hard core bitcoin enthusiast to get it while its cheap. We can't do anything about the Chinese traders dumping, the best thing to do is to buy at this point.
That is a good point, four weeks low. People have forgotten than this incredible high was always likely to be short-lived. Especially since the price never looked back from $3,000,,, when it really should have dipped for a while before moving on to $4,000. Relief rally? Would be very surprising. Maybe more of a consolation drive to recover 10-15% after the panic dies down.
The steam really gain after the $2900 price prior to Aug 1 and didn't look back. But I agree with your observation. it should but what we see is a massive buy because investors are getting 'free' BCH that time and since the steam gain and a massive bull run followed, we never came to see a dip from $3000. I think when everything has settled after this Chinese shenanigans, recovery will be on its way.
