In November 25th, the encrypted currency market suffered another setback. As of writing, according to the Coinmarketcap market, bitcoin has fallen below $3800, $3737.77, 24 or 14.57% hours. The total market value of encryption currency to a new low, currently $119 billion 100 million.
According to Alternative.me data show that today’s encryption market panic index was 9, and the index of 15 compared to yesterday, panic intensified, the current market is still extreme fear level.
(Note: panic index is used to measure the market fear and greed sentiment index, the website can range from 0 to 100, 0 on behalf of 100 representatives of extreme fear, greed.)
Cliff bitcoin nearly a week to winter in the currency more people panic, the big brother seems to show the currency circle is more rational, they expressed their views on the market or positive or negative. Three financial were collected on these views.
Li Xiaolai: the coin ring can be scattered, but I don’t go
Today, Li Xiaolai said: “the money in micro-blog circle can be scattered. This is why why go. I don’t go, don’t go, because the rough skin and flesh.”
Zhao Dong: before I predict bitcoin price range ($2000-4000) to
Dfund founder Zhao Dong micro-blog said: “I expected before the price range to the bottom, where? I remember in 2013, bitcoin rose to 8000 yuan, many people said that if fell to 2000 to sell hunters bitcoin, finally I just saw someone selling 2000 bitcoin to buy a house.”
Earlier, Zhao Dongceng said that this year, bitcoin prices will fall to $2000-4000, which can add to the new user.
Xiao Bian noted, “Bao Zhong Zhao Dong and Guo Hongcai micro-blog interactive said: if you really fell, will continue to hunters! Allow more fans to buy cheap currency!
In November 21st, Zhao Dong also said: just as a speculative product to see if the bitcoin and other similar commodity price. But the difference is that bitcoin belongs to human history a rare “irreversible” invention, bitcoin represents the future monetary form, represents the future of the relations of production, if you just think of it as a speculative product treatment, may be because of sesame lost watermelon.
Jiang zall: continue to do not know the objective facts of the thinking, will always be cut leek
25, Wright currency pool in micro-blog founder Yanchel also said: “the typical leek thinking, always bear down in the end, it is panic which depends on the reason. The chicken is not called, it wouldn’t be bright? To continue this kind of thinking, do not know the facts, you will always be cut chives.”
Jiang Thatcher predicts the following currency price. According to his prediction, the biggest decline in bear market: 85%, the lowest possible pin to $3000 (spring 2019). Bear axis: $4500 (2019 sideways year). The safety of hunters strategy: 2019 year for investment.
Du Jun: but the time difference will never make a difference of information
Node capital founder Du were today in the WeChat circle of friends said: “people think of this old coins bear market, September 2013, David said bitcoin to 10 thousand yuan, my heart is OS’ you’re crazy, but still quietly sold millions of domain names to buy some bitcoin. Today, bitcoin really rose to 25000 yuan / month. But the difference of information will never make a time difference.”
Australia: the Cong bitcoin fell BCH SV mining consequences
The Cong (Craig Wright) Australia said recently, bitcoin prices fell not their “target”, but BCH SV mining “consequences”. Macao Nakamoto claimed responsibility for the accident, said it was a sell-off, because they need to pay more for electricity. He also accused the bitcoin market lack of value, the market is very weak.
Andy Hoffman: I sold most of bitcoin
The well-known encryption blogger Andy Hoffman said last week when Hoffman Line went bankrupt, I sold most of bitcoin. I don’t know if it will be a correct strategy, or a terrible mistake; but considering the financial security risk is very high, I make such a choice, in the hope that when I was 48 years old can live with the family safe, because it did not see the fight for gold, bitcoin and other desperate benefits.
I have no regret, this is the first time in years, I did not live in bitcoin, and other precious metals fear. (cryptoglobe)
Altmarket CEO: digital currency economy entered its first recession
Altmarket CEO Bryce Weiner Twitter issued a document that has dense digital currency economy experienced negative growth for 1/4. We have entered the first recession. Occurrence of unemployment, lawsuits and prison problems will be next. Really hope this technology only in this recession after the end of the period will begin to appear.
CoinNess: bitcoin unilateral down after 40% you can prepare the oversold bounce?
Trading Genesis Michael Moro chief executive officer, said in an interview with CNBC, bitcoin was born in ten years fifth or sixth times more than 75% of the decline, but institutional investors may not care about the price in 2018. Since the crash is not uncommon, the market is expected to rebound you may be ready to rush to raise.
John McAfee: the market is about to reverse the fear will be over soon.
McAfee founder John McAfee said the anti-virus software, I’m afraid the market has not eliminated all counterattack, this usually indicates that the market will soon turn. Fear and loathing people will soon come to an end.
Bobby Lee: bitcoin long-term will continue to rise, the value of the existing financial system from the competition
The original bitcoin Chinese co-founder Bobby Lee said, although bitcoin prices in the near future, but in the long term will continue to rise, because its value is not from government endorsement or acceptance, nor government regulation, but from the existing financial system failures, restrictions and inconvenience in the competition.
Guo Yuhang: bitcoin prices fell nearly 70%, block chain technology should make the application
China blockchain Application Research Center Director Guo Yuhang believes that the bitcoin prices plummeted, is the result of joint efforts of various factors. With the development of regulators to increase research and policy tightening, bitcoin regulatory arbitrage in further narrowing. The block chain industry should accurately explore the pain point, good floor applications, achieve significantly lowering the efficiency, it may become a new generation of information infrastructure.
Everest Link Capital: bitcoin is a store of value properties of asset deflation
Everest Link encryption Capital currency hedge fund founding partner Moon Liu said bitcoin is valuable storage properties of asset deflation. From the fundamentals, bitcoin is better than gold, because it is infinite and portable character segmentation. To become one of the world recognized the value of bitcoin storage carrier, there is a lack of consensus.
VC CryptoOracle encryption currency: Amazon survived the asset bubble, bitcoin can do
The company co-founder Lou CryptoOracle encryption currency Kerner said the key investment bitcoin is patience. Bitcoin investors can refer to the technology giant Amazon as an example. During the Internet bubble, Amazon shares also greatly frustrated, but now it has grown to be the world’s largest online retailer. Bitcoin will also go through this process.
Naeem Aslam: bitcoin or fell to $3500.
The broker company Newell Think Markets UK chief market analyst Naeem Aslam said that due to the current lack of strict regulatory measures, purchases may make bitcoin prices fell to $3800 and $3500. Bitcoin in trying to break through the $4700 after the failure, is likely to continue downward dip.
Genesis Trading CEO: bitcoin will fall in the bottom before 30%
Michael Moro CEO Genesis Trading and Genesis Capital Trading said that bitcoin will fall in the bottom before 30%. Suggest that investors do not Moro stay Fell to buy, and that long-term investors more capable of dealing with bitcoin crash and wait for the price rebound.
Moro said, this is bitcoin 10 year history in fifth or sixth times as high as experience fell sharply, more than 75% of the long term, institutional investors don’t really care about bitcoin in 2018 at the end of the price, because they are considering three to five years.
Civic: the founder of bitcoin bottom prices ranging from $2000 to $3000
Block chain start-up company Civic founder Vinny Lingham said, bitcoin has not really reached the bottom, the bottom price forecast will be between $2000 to $3000. He also said that, like Bakkt or Fidelity will not enter the encryption market, because the risk involved is too large.
CryptoOracle co-founder: bitcoin currency era encryption will become Amazon
CryptoOracle co-founder Lou Kerner said in an interview, bitcoin will become the Amazon encryption currency era. Long held bitcoin people every few years will get huge gains. Kerner will compare the virtual currency market situation and the Internet bubble in 2000 and the subsequent Internet bubble burst period of technology stocks. According to Kerner, as one of the world’s largest conglomerate, Amazon shares fell sharply after the bursting of the Internet bubble.
The core bitcoin developer Jimmy Song: Ethernet square is a bubble, prices will continue to fall
The core bitcoin developer Jimmy Song tweeted that the etheric Fang with the YAHOO similar, is a part of the Internet bubble, the valuation is too crazy. With the boom subsided, Ethernet square prices will continue to fall, because many people burst out.
Bloomberg analyst: bitcoin may continue to fall
Bloomberg analysts said the next few weeks, bitcoin may continue to fall. If bitcoin reached US $1500, which is since it reached the highest point since the 92.5% correction. In the past 24 hours, the etheric Fang lost 6% of its value, a loss of nearly 3.7% bitcoin.
British Financial Times: bitcoin digital currency collapse is not the end
This year 11 months, bitcoin prices since 2017 years and 10 months for the first time since less than $5000, critics think it is encryption currency currency victory, however money to promote the bank and government encryption concluded that money must become more digital. About bitcoin as a medium of exchange or speculative assets contradictions always exist, it may have been unable to become the future of the currency, but a potential controversy triggered by the digital currency bitcoin is valuable.
Xinhua News Agency: bitcoin crash is the result of many factors together
25, the Xinhua news agency released the “drop” bitcoin blockchain bubble? “The article reported that the bitcoin crash is the result of many factors together.
First of all, the large block chain project there is a serious bubble, in block chain infrastructure are not perfect, the market is expected to continue to push practitioners highly unrealistic, eventually encounter real combat, resulting in the continual loss of market confidence;
Secondly, the bitcoin market is due to the capital market, and the volume is relatively small, the global digital currency market but also a listed Internet giant volume, with large cash users zapan, also easy to cause sharp fluctuations in currency price;
Third, is the recent war industry, also shaken the confidence of the people in the objective, makes some people panic and vote with their feet, due to market volatility.
In the face of a market crash, the bigwigs of some ridicule hunters, some analysis and forecasting, some believe, some pessimistic mouthing, but there can be no clear-cut. British writer Dickens once described after the industrial revolution of the world: “this is the best of times, it was the worst of times”, this sentence may also apply to the current currency circle — “this is the best time, it was the worst of times.”