Let's all be prepared ,the way I'm seeing things I think bitcoin hasn't find its bottom yet ,I'm guessing around 2500$ before we see better recovery ,always remember cryptocurrency is never for the weak ,be prepared and do what you do best ,things will surely turn around but good things never comes easily .
I respect every member that has commented about this post....with all sincerity.
We should always remember that bitcoin like other currencies (say fiat) has its bad times too.
The difference between bitcoin and fiat currency is that unlike bitcoin when a country's fiat is down in value...the country could put up several deliberate economic policies to instigate a rise in value.
For bitcoin and other cryptos....we have to wait for demand forces, the big wig bitcoin traders (whose identity are unknown) among others to scale up the value of bitcoin through their activities.
The honest question is this, will bitcoin further fall?
I think non can give an accurate answer to this question, in the first place no one would have believed that the coin could fall to even $4000 from an all high of about $19,000. As such we can only hope for the best.
Would the price improve any soon?
I am a firm believer in the bitcoin.. as well as a good history student of the bitcoin. At the inception of bitcoin, No one can would have believed that the coin in just a matter of months the coin could be valued at over $5000. The coin beat several experts opinion and rose to the zenith before most of us took it seriously. I believe the coin would do it again.