God hear what we just started in this world of cryptocurrency gives us a little fear I hope that this will rebound and I can continue to help my parents in the short time I have in this world of virtual currency. Many thanks for your information.

Would be an awesome occurrence for everyone! 

Moon.. moon for everyone!

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How did you get that screen on bittrex. I can't figure out how to look at BTC on there like you have in the main screen shot.

Everyone theses days are extremely exciting. You have to play this like it’s the stock market buy the lows and sell the highs. Just don’t get to greedy and don’t buy more then you are able. Hopefully if this is done we will see it grow again and make some bitcoin/ money at it.

I'm to see the bottom of our dive. Bank crack down in bitcoin and other currency has nothing to do. In fact bank makes a biggest fraud in history. They are legally steal money from there customer. And the funny thing they actually own no money. Those money they said they have are depositors asset. A reason why they are eager to crack down currency. Because they already know that one of these day, people don't need them anymore.

After the Congress Virtual Currency Meeting  actually being positive..this could really be bottom.

Its not hit the bottom yet, but is very near thou. It will be very hard to escape from crash zone. I am strong believer that this situation is not permanent and that better days are ahead us. Now is right time for taking risks!

Definitely going to bounce back! Stocks and cryptocurrency are following annual trends in relation to Chinese New Year!

The prices today were just crazy. But I just have this feeling that the market will recover sooner than we expect it would.

I think that China and India have a lot of unwinding and settling to do before we hit a real bottom. Regulation is coming and the uncertainty is still there when it comes to the role of government.

I'd feel better about BTC and ETH if they would just spread out the hashing power. A majority of hashing power for both countries resides in a few large pools and they are in just a couple countries.

The hashing power is the network for proof of work coins like Bitcoin and ETH, so I think it's a bit unnerving for holders to know that the network could be significantly hindered by one or two countries.

Until that is resolved, going back up will be slow going.

Here is an abstract vision on the logarithmic price axis depicting the phrase <i>After reaching  $20k on December 16th... and making lower lows</i>
https://steemitimages.com/0x0/https://steemitimages.com/DQmYnEnWxN5Gqw1qPeU8NmpDLoGh6DdqSsQEvTgQVjWZEf2/dead%20zone.png

I guess we had a quick journey to $20 000 and the similar quick trip to the dark territory below the $10 000.

I agree that correction on done and here is my Elliott Wave count:
https://steemitimages.com/DQmVcyM78Dq2vSSbVowGwEcEyR3fDkrtJYTko1g4k7mdo7b/Miro%20counting.png

Now it depends, how fast can we break the $8 000 or just <i>can we</i>

I also feel bullish now and hope that $8 000 will be broken ASAP. Some more ideas in my latest <a href="https://steemit.com/bitcoin/@dkn/btcusd-trading-idea-elliott-waves-and-support-levels-the-1-st-impulse-detected">post</a>, if interested.


Thanks for your analysis, @jrcornel! Nice to find the informative and relevant content.

Lack of regulation = Bitcoins lack of regulation has scared all major players in the financial market. The fact that all other players have to abide by a set of rules has created major pressure on regulators either to ban or regulate the crypto market. The pressure on Bitcoin can be seen today with China's attempted ban on all domestic and international websites dealing with crypto; The latest ban of acquiring crypto with creditcards form the USA, Great Britain and others; The endless discussions on regulating the crypto market form Korea, India, Japan, USA, European Union and others.

with cryptocurrencies potential to take over in the ever increasing tech age HODL is the only option. The potential for it to be huge largely outweighs the risk....just my 2cents or 0.0002 of a shitcoin

Nice to meet you. I first started to get into steemit. I'll follow you. Thank you for a good article.

The bottom will be when Bitcoin reaches 0 USD. And it will. Maybe not today, maybe not in 5 years, but soon or later it will.

Yeah, I think the market will finally stabilize. After the bad news and press for cryptocurrencies we finally hear some good news now. And most of the weak links cashed out scared for a loss.

oww no bitcoin is falling downnnn

bottom? ahahah that's why only invest in amounts you are willing to lose... If I lose $50, no biggie, no headaches, I still have a future. I lose $50,000, I'm fucked.

I don't know if I'm ready to call the bottom yet.  Price hasn't even erased yesterday's red candle and we're still firmly in at least a short term bearish trend... 

But things are looking positive for a change! :)

Just hope Bitcoin recover fast. It is affecting all other crypto like our steem too.

fingers crossed! I wonder how much of the current stock exchange panic has influenced the bitcoin fall...

![Screen Shot 2018-02-06 at 9.17.26 PM.png](https://steemitimages.com/DQmTo2WUbQJ7vwrBuXytNKrzZCkfnS5LsTYPeTpPbrGfkTt/Screen%20Shot%202018-02-06%20at%209.17.26%20PM.png)

nice blog on crytocurrency

What is your buying plan right now? Will you buy at intervals like seeing it goes up you buy more or will you put all money in one go? and why?

Man we really need this rebound. I'm sure it's all Market manipulation but I wish I had known it was going to happen when it started happening.

You will never know when there is an exact bottom! We are getting close though with this bounce that as you started may start an uptrend. It seems now people are overly bearish, that's when you get back in! When people are overly bullish when the price is high, that's when you get out!