I dont like this happening in bitcoins price , my portfolio has been down by almost 50% and im so scared if this continues to go down then its time for me to sell all my holdings.
"
invest only what you can afford to lose"
just hold your coins and don't panic, prices might recover in the next few days.
Something must have triggered this crypto bloodbath again (manipulation?),
Manipulation might be right anwser, these massive dumps don't happen at random, either whales got scared about something and began exiting BTC (could be due to the news about the US Government launching a criminal probe into manipulators?), or the whales are simply trying to tank so that more whales can enter the market at low prices, either way, long-term holders are happy for this great opportunity to buy cheap (:
Yes, I just read that US is launching a criminal probe into bitcoin price manipulation that's why the price reacted in the negative way. Although lately is been a struggle, but with this sort of bad news coming along,
its no surprises that the market panic and the domino effect follows. I'm not sure if we are going to $6K again as I'm seeing a nice gain and the price is moving to $7500 range already. Maybe investors saw $7200-$7300 as a bottom and didn't wait for it to go down even further.
It happens from time to time, some whale decides to dump, and then the weak hands enter panic mode, I think only difference from the other drops we've had recently was that we were already in a downtrend before the big drop yesterday, and the sell-off was quite substantial. But yeah, it seems like we've recovered a bit, hopefully, the downtrend is over (or at least the massive dumps).