With its big brother BTC is on a free falling state , some traders are hedging over to bitcoin cash. Surely every crypto currency except tether experience the bear season but not as dramatic as BTC.

Stock market and crypto markets, this is people hard working money, many might never invest in crypto after this bubble.

Thats the million dollar question.

Agree and its a major issue that people don't take into account. People can call it a correction, FUD or whatever but clearly the bubble popped no matter the reason. This issue with it though is the amount of new investors that have been burnt that wont return and since Bitcoin is more visible in mainstream news the damage will be widespread. We need all those investors to increase prices across the board.

That is the difference between past 'crashes/corrections/News drops/FUDS' and now.

The Hodl &  "Store of Value" meme for Bitcoin SW LN 2nD Bubble is gone.   What is left? 5$ = cheap fees?


 


Whats next?


->. Should be good option for BCH to take over.

Bubble bursts are necessary to knock out the multitude of weak entities in the market. Things will be better later and people will invest when they believe everything is more stable. It's not the end of anything.

Even Bitcoin will survive, but it will not be the dominant player long term. Legitimate platforms will thrive later, just like Ebay and Amazon did after the early-2000's bubble.

This was going to happen no matter what. The gains of late 2017 were too dramatic for it to do anything but what it is doing now - coming down.

https://www.reddit.com/r/CryptoCurrency/comments/7vhs9u/the_dip_is_over_senate_testimony_posted_online/
The dip is over - Senate Testimony posted online early! (self.CryptoCurrency)

submitted 11 hours ago by Novandamis4 - 5 years account age. 500 - 1000 comment karma.

Okay, here is the link for the hearing tomorrow. Note the two PDF documents that have their testimony pre-written out.

https://www.banking.senate.gov/public/index.cfm/2018/2/virtual-currencies-the-oversight-role-of-the-u-s-securities-and-exchange-commission-and-the-u-s-commodity-futures-trading-commission

https://www.banking.senate.gov/public/_cache/files/d6c0f0b6-757d-4916-80fd-a43315228060/A2A6C1D8DDBB7AD33EBE63254D80E9E3.giancarlo-testimony-2-6-18b.pdf

https://www.banking.senate.gov/public/_cache/files/a5e72ac6-4f8a-473f-9c9c-e2894573d57d/BF62433A09A9B95A269A29E1FF13D2BA.clayton-testimony-2-6-18.pdf

They basically say, hey ICO's need to be watched so people don't get scammed, but cryptos are spurring technilogical growth and must be protected. In short, it's good news and no crazy regulations!



Maybe ima nuts but ima buying...
 i think many panic sold very quick...very late
the opportunity to gain a high % of coins is to high for too many people now..

^totally agree m8, i think the cycles will be far shorter due to overall market growth...
This year will be the biggest year for crypto so far as we enter the multi $trillion market.

wtf,  when did i say 1month or 3month lol
i said  clearly to you and many others...
THIS SUMMER 2018
go check your old pm m8

Flippening is much more likely now than before imo, I couldn't see BCH taking over bitcoin throne if noobies got rekt in the process, but that assumed the change to BCH happened in the bull phase, which would have had most new investors taking a bbc up the tail-pipe north of 20K USD.

Flippening during a bear leaves no doubt that BCT is the villan, and BCH was never at the scene of the crime, the mass noobie rape fest, but comes in as the white knight in shining armor, and saves digital cash.

There's always a silver lining!!