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Bitcoin Price Falls Below 7k When Will it Stop Bitcoin Market Crash under 7k What to Expect

Bitcoin Price Falls Below 7k When Will it Stop Bitcoin Market Crash under 7k What to Expect
Bitcoin Price Falls Below 7k When Will it Stop Bitcoin Market Crash under 7k What to Expect

Bitcoin Price Falls Below 7k When Will it Stop? Bitcoin Market Crash under 7k What to Expect heyo hows it going guys welcome to a another article about crypto currencies were gonna drop right in and just talk about why is everything crashing everyone all the articles today if you look at any general Bitcoin news it has Bitcoin slides below 7000 Bitcoin price dips below 7000 crypto selloff continues and even this article over 60 billion wiped off value of crypto currencies as Bitcoin drops below 8k again whats happening why is Bitcoin falling why are all the other coins falling as well first lets go ahead and start by saying that Im not a financial advisor Im not do sherry Im not making this advice for you to purchase coins with this advice this is I made this article not for you I made it for a friend of mine and if youre not that friend that made this article for then this this article is not for you you could watch it just for fun and lets get right into it here we are this is not the first time that Bitcoin has had over a 50 percent to 80 percent correction and to say that this is abnormal it would be a lie because it does this stuff it does this often if we zoom in on you know like this little chunk way back here and do the same thing you look at this this exact same thing and this is between this is back in 2014 you know it ran up a hundred and seventy dollars to a thousand dollar value 12 hundred dollars and it dropped all the way back down to three hundred something so this is not that abnormal if it went to you know 20k and back to 8k thats about the exact same percentages of change so thats this is not at abnormal for it to happen in the first place for us to look at this stretch for this run second moving into what actually is happening we have first the India Fudd with the misunderstanding of the news about India and their chairman their financial minister we have China just decided to drop the news that they reported that the central bank will block platforms related to cryptocurrency trading and the issuance of so called initial coin offerings so basically is a big thing the Chinese central bank is in a stop associate himself with crypto currencies and blocking any payments to any crypto currency exchanges and theyre gonna shut down exchanges as soon as they see them another big shift is major banks here in the US and in UK are made mainly the UK but also I guess in the u.s. I have switched to denying credit card purchases of crypto currencies thats a big shift the banks are literally clamping down on the money and saying no and I think thats a big red flag and an indicator as to why you want to buy in sure it looks like everythings down and sure it looks like everybodys you know seeing red and it looks dangerous but this is potentially what they want they want to scare everyone away and they would appreciate you stop taking the money out of the banks and putting it into these markets unfortunately thats just not gonna happen you and I know its not gonna happen right so the banks shutting down the credit card purchases of some of these main coins the Chinese bank sent to China Chinas central bank blocking platforms related to cryptocurrencies all these together combined to make a whirlwind and storm of Bitcoin selloff basically Bitcoin loss of value the rest of the coins because all the exchanges hold their value their relationship to the value of these coins in the value of Bitcoin they are all going to be affected not necessarily because of the values changing but just because these metrics for sites like coin market cap they get their value for these alt coins from the exchanges that only base these coins value off of bitcoins value so as bitcoins value drops so do the value of all these are their coins because we dont have these coins relatively compared to the dollar theyre only compared to Bitcoin so even ripple whos been working to free themselves is still so strongly associated with Bitcoin that its dropping in value and all the other coins as well because thats just how the exchange metrics are presented and this is one of the great examples of the tool you use to measure something can change the results of your measurement and so in a sense these metrics are based off of numbers that arent necessarily true in a sense as you see these other coins losing value its only because bitcoins value has dropped and so thats another big problem people are not understand how the the data is pulling from his association of Bitcoin so as more coins lose and their apparent dollar value people sell off and interestingly enough you should never sell at a loss I mean if you followed the cardinal rule the cognate all and you invested only what you could afford to lose then you should just wait forever and maybe the coin dies and you lose all your money maybe it doesnt Ive never seen that happen okay that happens with stocks Ive never seen that happen with a coin yet and sure its gonna happen we can agree its gonna but I havent seen it happen yet so just hold hold on to the coins that you have do not sell thats the best advice I could ever offer you right now hold all like your life depended on it now everyones selling and the panic sets in and fear sets in and people want to sell because theyre afraid oh no well I bought I bought cardio at 40 cents if I sell it now at 33 cents only miss out on a few cents blah but thats how you lose thousands of dollars thats how you lose your investment and lets say you lose your position when the coin returns so dont do that and also understand that this eventually the dip will stop that obviously its gonna stop and itll return there all the coins are going to drop to zero Bitcoin legend the Bitcoin core coins not gonna drop to zero and today later Im gonna do a article on the difference between Bitcoin core and Bitcoin cash because I really think that its important to distinguish the difference and theres a politically there is a difference as so far as to which one will be like the most valued headed into 2020 its thats debatable as well I guess it depends on a few key factors which we will go into in the other article but again were turning to whats really happening Bitcoin crash everyones panicking bitcoins sliding down the hill do you look at in coinbase you can see bitcoins down 60 since last month Bitcoin cash is down 62 aetherium is down 28 and light coins down 54 all within this last month so theres multiple reasons obviously that were seeing this happen the speculation that its not gonna return is just crazy FUD 100, 000 Bitcoin still ahead people still agree if possible people still agree that 100, 000 Bitcoin would not be that crazy even dare say maintaining 25, 000 price very soon or shooting to fifty or a hundred K very soon so what kind of gambled are you willing to make when you think you know like I like to live on the edge this is a pretty good deal you know I used to say like I was going to go back to 4k a coin so I could buy one or two and thatd be great and now here get here did is cut it down its headed down this I mean you got Bitcoin under 7, 000 aetherium under 700 Ripple under 70 cents Bitcoin cashes down to 875 car Dana is 32 cents I saw Tron down here at under 3 cents honestly 125 litecoin all these are crazy deals whats even beyond crazier though is that first off these are all crazy just in general is everything about this is crazy guys its just crazy in general that were buying like um digital concepts basically of coins and selling them to each other really honestly crazy how low they are I told myself from Bitcoin cash from back 800, 000 about more the cost of them is really only relative obviously like any other value to its perceivable value at the time and right now obviously the community is you know not valuing them as high as they will be in the next coming weeks so dont let that fool you obviously theres a big tether issue right now which we were gonna mention is part of the FUD if people think that the tether the fake tether coins or whatever the illegitimate purchase of Bitcoin and other alt coins they think is inflated the market by 80 I think thats a very high number I think that maybe its inflated the market by like 10 percent or something but not that much and so theres tether adds to the thud theres the the general banks denying the purchase of Bitcoin and other alt coins and all these things adding together with last weeks Indian misunderstanding or media frenzy and really whats happening to is the media is starting to understand how they can manipulate these markets and they can like you know consolidate their their earnings by convincing you guys to sell or to buy when they want you to so the trick is is to know when to ignore the heighth ignore the the majority of misinformation thats out there so when everyones selling is when you buy when everyones buying is when you sell it makes its obvious its pretty basic so when everythings red like this and everyones panicking and youre like its crashing I dont know if I should sell now or sell later dont sell anything by the question isnt sell now or sell the question is when to buy by now or by later and Id say both I say but now and by later if thats the option for you do it really just I cant say enough about how bold you have to be to make money in this market but you can do it and if you dont know how one of my favorite ways to check on a coin is to jump into bindings I got a link right here in the description window you can jump into finance and look at the Bitcoin to altcoin exchange and just look at them by price pair them off pipe the list of price and you can see the cheapest coins down the list you got iOS t4 the what is that like three cents TRX three cents fun coins at like four cents XP geez like five cents pose at five cents tea and bees like eight cents the CDT coin that ones really cool thats indicator pointing at all these coins down the list you can see by price which ones the cheapest and you can just lick you know lick any of them up boom three cents three cents three cents for six five six five six five six five six six and seven since they mean any of these coins down the list pennies on the dollar theres not a lot else I can say about this right now Bitcoin crash is real its a real opportunity so again click the link in the description window to get into finance if you dont have an account already you know send some funds over if youre having trouble buying if the area more Bitcoin because of the change with the credit card shutdown you might just have to use coinbase and use your bank transfer theres also a link in the description window for a coin base 10 free when you buy 100 worth of Bitcoin right now and again this is probably one of the best opportunities of the year to buy these coins so hope you guys Ive got some good info out of this article I hope you enjoy it hope it maybe settles some of you who are really in a panic mode just chill out close though if youre looking at the ticker and youre worried about the price down youre thinking about selling just close the ticker and walk away for a week or something you know like its not gonna be a big deal if you come back and you lost everything start again if you came back from youre rich you got a whole new set of problems so either way guys thanks for watching the article dont forget to hit the like button give me a comment to say whats up hit that subscribe button so I know you guys are supporting these articles and as always have a great day you

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