Bloodbath Continues: How Far will it Go?

How Far will it Fall

It's been several weeks already that the bitcoin trend is falling down and the question now of many fellow cryptonians is how far will it go? Many experts projected that it will dip down as much as 2500 dollars for the coming days. Currently, as of this writing, bitcoin reach the mark of 5800 dollars and that is 70% drop since the highest mark of 20k dollars late of the year 2017. In the year 2018, bitcoin started to curve down due to many reasons plus the incidents of exchange hackings that took place many times and it loses several millions of dollars. Surely, those weak hands will sell their coins for hope to salvage some of their investment - they sold it at a losing price. The newbie of this kind of game will definitely feed-up with the ever-volatile crypto. Many of my friends stopped engaging in cryptocurrencies after their several losses and they sold all their coins for good.

Sun will Shine after every Rain

Those strong hands that never lose their grip on their precious coin will definitely the end winner. The word "HODL" is very common for them. lol. They are the ones always hopeful and optimist that one day, btc will find its way to rise again and shine against all odds. Behind crypto is the advanced technology that is called blockchain that power crypto up, and this is one of the reasons why some of the huge businesses engaged in crypto for they see far ahead the future of it. Some saw crypto as a monetary system in the future but there are still so many obstacles to cross before it will happen... but who knows?

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Taking Advantage

The elite cryptonians will not only HODL on their coin but also to take advantage of the ongoing bloodbath in cryptomarket. While everybody is in feared and worried about the bitcoin price sudden drop, those elite players were greedily taking advantage of its low price and bought a considerable quantity of bitcoin. When bitcoin bubble correction ends and starts to skyrocket again, then it will be a party time for those HOLDERS :)

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