Bitcoins just crashed to 5.7k, I think this is the breaking point of most people and they will panic sell.
Because of the panic sellers I assume it's gonna drop even more, do you guys agree or do you think it will stabilize any time soon?
Bitcoin has already recovered to $6500 and the 'real" bitcoin crashing. And to answer you, we really don't know if its going to stabilize because we really can't predict it. But by the looks of today price movement, its not only stabilizing but going up and soon we can see $7000. So I can urge anyone not to dump your bitcoin in favor of bitcoin cash because people have trusted bitcoin already that they will not be abandoned that quick. It was really a coordinated attack by the bitcoin cash people to pull the price back, however investors are not deterred by bitcoin cash, it was just pump & dump. People taking home profits then going back to bitcoin market.