Topic: Markets See Massive Sell-Off, Bitcoin Dips Below $5,600 for the First Time 2018 - page 5. (Read 814 times)

You know, people are getting tired of waiting for stuff and the ETF and BAKKT are starting to look some as a mirage.
And honestly, what is so great about BAKKT?
If big investors would have wanted to get onboard they already have hundred of possibilities to do so already.


Crash? What stock market crash? 3-4%? That's no crash, look at the 1m/3m/6m graph and the crash suddenly disappears...
Stable coins are going down because there is a precedent, people are afraid of storing value n those crapcoins backed by a shady exchange with a shady location and a shady bank and some shady accountants
Tether will be history and I'll be one of the first that will cheer up when it happens.
It's a monstrosity that should have never existed in the first place, not it and not the others.

Even USDT is down. This must be in connection with the stock market crash and dollar gaining value. I see no other explanation for every coin including stablecoins moving down in value despite there being no bad news, no FUD, and the possibility of BAKKT and ETF. When nobody knows what's going on it looks staged and manipulated, but let's give them time to make something up.

Ahhh, the sea of blood. Oh well guess I will buy coins while they are on sale.

Nov. 14: Crypto markets have suffered sharp losses over the past several hours. The major market drop off took place between 10:30 a.m. (UTC -5) and 12:00 p.m., with some of the top 20 cryptocurrencies dropping by as much as 18 percent at press time, according to data from CoinMarketCap.

According to data from Bitcointicker, after 11:00 a.m. (UTC -5) Bitcoin dropped below the $5,600  price point for the first time in 2018, sinking further to as low as $5,506 at around 2:00PM. Bitcoin is now down around 11 percent on the day, trading at $5,612 at press time.

The recent movement of the market was predicted by a number of industry experts, who also suggest that the bear market would last beyond this year. Technical expert Willy Woo, founder of data webstie Woobull, has recently predicted that the bear market end may end “around Q2 2019,” based on “putting together the blockchain view:”

    “After that we start the true accumulation band, only after that, do we start a long grind upwards.”

Earlier this year, crypto investor and founder of Galaxy Investment Partners Mike Novogratz predicted that Bitcoin will not manage to break $10,000 by the end of 2018, claiming that reverse of the trend will take place by Q2 in 2019, when the industry will get more institutional involvement.


Reference: https://cointelegraph.com/news/markets-see-massive-selloff-bitcoin-dips-below-5-600-for-the-first-time-in-2018