I Don't Think so it will drop to that lower.
Everyone is witnessing That Crypto is the future.
I Too Beleive That Crypto is the future but we should keep eye on both sides of the story and invest That amount in crypto That you can afford to loose.
if it go high as i'm pridicting to 20000$, you'll cry with joy for sure..
Thanks for your wonderful post dear.
i appritiate your work and research for this community.
God bless you Always.

There is a corrective action coming out soon by collecting power

again shit droping..

We need a cryptocurrency that is not fiat in the sense that it is not attached to some real [physical] wealth. We need a cryptocurrency that is attached somehow to gold, silver, or some other precious metal.

I think many new investors whos first bought btc now are learning about altcoins and they switching to them cause many of them have big potential. Transactions on altcoins are also faster and cheaper. But anyway there is big relations between BTC and altcoins so if btc is going down almost whole cryptomarket going down too.

It is important to be informed about the behavior that Bitcoin has had in recent weeks, and publications like yours allow us that feedback. Although in the particular I consider that it is a media gerra applied to Bitcoin which is triggering its fall by the fearful sales of the Bitcion holders.

this days are just bad days for the crypto currency markets , they will past

this decline was expected as improvements were made at the beginning of each year.It was just a surprise for those who did not know. Those who know it made preparations for investment.
south korea is the most straight. they need to do this to be able to follow the crypto money. if they do not, they can not prevent money laundering.@jrcornel

Really helpful!!

Thanks for the info!

Just ride it out. We got spoiled when BTC shot up to 19k after Thanksgiving and didn't have much correction on that ride. Hey this time last year it was nowhere near the price is today.

now bitcoin is the popular on the streem
it is a process to transfar money
thanks for sharing

Thank you for sharing. I think same with you. I hope, every company will use bitcoin for payments in 2019

It's here to stay - at whatever level it's stable at.

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Hodl life, when I bought bitcoin I put a 12 month minimum for selling off any of my position.

I agree. Do not have "weak hand" and hold. For the brave one, this might be a buying opportunity.

Ya it is true that from what history shows is the end of the year is a huge rally and the beginning of the year is really not that great usually.

Bitcoin Continously falls Down to $10,354.70 USD (-12.02%) 
![BTC FALL 01232018.jpg](https://steemitimages.com/DQme3f63YedhXRTpiCgzL4dbMSLGXuJWb78g7RjuUTScfPf/BTC%20FALL%2001232018.jpg)

Great write up and I agree. I think that previous run up is over and many people are taking profits on top of the exchanges cashing in. There is always FUD when markets tank, so the CNBC guy saying BTC will drop to $1,000 falls into that category, but it's not outside the realm of possiblity I suppose. However, it's highly unlikely and that guy was likely biased against cryptos like many on Wall Street.

What sucks is BTC is driving down the entire market. I don't think ALL of these cryptos would still be going down were it not for Bitcoin. That's a serious problem in this space and effectively means you can't safely invest in any crypto without having to worry about BTC driving down your company's price value. That doesn't even happen in penny stocks, though I know we're talking about completely different assets here.

Bitcoin hasn't stabilized yet either, so we don't know how low it'll go. I'm a long-term hodler, so I watch the weekly charts too and it's important to note that on the RSI over the past year, BTC has never dropped below 50. Since January of 2016, 2 years, Bitcoin has stayed above 50 RSI. It's now coming really close to breaking it. If it does, that's not a great sign but doesn't mean it won't turn back up because it's getting close to being oversold on the daily chart.

Over the past 2 years, when the market got this oversold...it rebounded hard. We'll have to wait for that to happen.

Personally I think the seasonal trend is definitely at play here, but I think bitcoin is not sustainable for much longer- transaction fees are just too high and it's too slow.

I've been buying because anytime the prices are falling that's a good time to pick up some bargains. It's not easy though because who knows where the bottom is. Just gotta hold your nerve and buy well.

the history repeats itself, this is the right time to buy some !

The simple answer is that all crypto are in a massive bubble.  All bubbles burst, it is never different.

Once the correction runs its course (BTC below $8000, possible $6000), it will be time to begin the buy-in process.

Be patient and you will be rewarded.

I'm going to have to go ahead and agree with the analyst's prediction of ~$1000, maybe lower. Prices will eventually stabilize to the energy and computing costs required to mine bitcoin.

People are cashing out as fast as their exchanges are letting them. Many exchanges just slap your hands when you try to withdraw and put a hold on your account, or let the sale trade of your crypto go through but don't actually give you your deposit. Search around and you'll find many people who are trapped in their exchanges one way or another. On another note, prices are only being stabilized by huge buys put out by the bid boys.

https://www.reddit.com/r/Tether/comments/7rt9wa/massive_pumps_across_many_cryptos_earlier_today/dszvld5/

https://imgur.com/0oD1jOY

Why does the ~2 billion in Tethers printed matter so much? USDT is the "backbone" trading pair of most major exchanges. Very few have true fiat pairing. This article sums it up

http://jamescrypto.com/the-difference-between-inflow-and-market-cap-and-how-it-relates-to-tethers/

So when market cap of crypto was ~$300 billion there was ~$6 billion of cash inflows, so maybe $12 billion or so at $600 billion market cap.

Tether has volume higher than its market cap and they printed $450 million or so over the past week alone.

Think for yourself if Bitfinex, the company who basically owns the Tether company, re-opening its doors to new traders but putting a $10,000 cash minimum on new accounts to start trading is shady or not. Their past history is also shady and they were hacked and sold tokens to people to raise funds because of their previous lack of money.

Trade safe, friends. Dangerous times ahead.

I m new to bitcoin and I really try my best to HODL now... buying at 17K and I  nearly shit my pants. But in BTC I trust!! Just HODL and have faith in it!

I agree that the drop at the end of the year is likely due to the taxes owed and the natural desire to take some profits. If you are a miner, you have to in order to pay your electricity bill too.  But realize that the energy to make a bitcoin is going up as inflation goes up. Thus BTC should track or do better than inflation over the long term.

It is crazy how people freak out when it drops a couple thousand. Nobody freaked out when it shot up from 10k to 20k everybody was yeah that is what bitcoin does! lol what goes up must come down and the faster it goes up the faster it comes down, but that doesn't mean it will stay down. BITCOIN shall RISE AGAIN!!!! viva la resistance

It's a very volatile and speculative market, or people are waiting to see how the lightning network works out, transaction cost have fallen ,nodes are becoming more, lets see how it picks over the next few days.
@jrcornel, what's your take on Bitcoin's Lightning Network?

I guess it's some kind of correction. The same goes with etherum

Great post!! I just finished writing a post about the Bitcoin bubble, you might enjoy it. Check it out if you get the opportunity.

https://steemit.com/cryptocurrency/@cool-mike/my-analysis-is-there-a-bitcoin-bubble

Let’s hope it is just seasonal.  Thanks for cloning my blog about the CNBC pundit expecting a 90% drop.  I think he is an idiot.

maybe the fact that bitcoin is slow,has expensive fees,and too much asian mining dominance.. i think there are way better projects in the making that will overgrow bitcoin in the future .

What are your thoughts on USDT or tether [propping up Bitcoin](https://steemit.com/cryptocurrency/@cryptoburgh/is-usdt-aka-tether-propping-up-bitcoin)? Fact or fiction?