I think we should buying now as most of them has fell back over 30% within 7 days. The market capitalization has fell over 50% and it may still continue! But the major which is bitcoin has find strong support level at $2,000 as the market try to maintain $2000 for the past 2 days. Currently the price is above $2,056 and I think the dump is over.
The dump isn`t over.There are two weeks left until August.
I can`t imagine the panic around the end of July.All the bitcoin trading or perhaps all the crypto trading would stop and freeze for a few days.All the altcoins are tied together with bitcoin and there is no safe heaven for
the cryptotraders exept fiat,unfortunately.
indeed we will see another down in the coming week,
but does not mean everybody will panic because of it,and in my opinion we can see Bitcoin around 1700-1800$ in the third weeks after 1 August Bitcoin will retracing back to his place,but it'll take 3 month or more because i heard an issue there'll be another Bitcoin after splitting like ETH did back than and created ETC from chain split.
Plus because of that many people believe in it and holding it in their wallet (Blockchain wallet and most of them Offline wallet).Market cap decreasing each day because many people saving their money in their pocket and not many doing a daily trading waiting for confirmation about what will happen in the future.
For me,it's just another drama and i liked watching this movie,
