Cryptocurrencies just had their worst week ever, the greatest crypto crash of 2018 plunged deeper over the weekend and Bitcoin is 82 percent below its high of $19,666 almost a year ago.
Bitcoin slid another 4.5 percent to $3,635 at midnight Sunday, according to Bitstamp. It recouped most of the losses by 7:50 a.m. but remains in the red. It’s lost 33 percent in the past week and 75 percent this year.
Ripple declined 5.3 percent to 35 cents, and is about 90 percent below its peak.
After an epic rally last year that exceeded many of history’s most notorious bubbles, digital currencies have become mired in an almost $700 billion rout that shows few signs of abating. Many of the concerns that sparked the 2018 retreat — including increased regulatory scrutiny, community infighting and exchange snafus — have only intensified this week.
There is every tendency that the blood bath will continue considering the fact that we are approaching Holiday season, and people will sell their coins for physical cash.
The blood bath may continue probably looking at $2500. Those of you who are still hodling, sorry for your loss.
I still believe it will bounce back no matter how much it drops
play play cryptocurrency is dying…
How people still manage to convince or console themselves this days is that, it will still rise. For their sake, I hope it does.
They have to console themselves, if not it will be heart break
I said it earlier that the downward slide Will continue, but like prof said,it will still bounce back at some point in time.
Amen! People invested a lot into it
I hope it increases soon.
Nonsense bitcoin and other shit coin… Invested 5.7 million in December 2017… My money is now nothing. Make then cucuma collect all the money.
Abeg @ yomi, how can i withdraw with PayPal from abroad using Nigeria PayPal account
I’ll email you regarding the PayPal thing
Prof I’m in need of this PayPal stuff, Ho do I go about it.
Thanks
I have same problem pls
Die, dead and going…. i pity those holding. I doubt it bouncing back
Doubting Thomas watch out it will bounce back
I tell you, once a system gets ober hoarded, its value falls… Everyone wants to get into crypto, now see the result! SMH
Bitcoin will bounce back
When people are making money from cryptocurrencies I was wondering who owns the money they are making. This kind of business doesn’t last because someone is losing the money that someone else is making.
One vampire is destroying Bitcoins, let’s seek divine intervention ?
My mind keeps telling me to buy now
Boss yomi sey make I buy?
Am just thinking dis d best time to buy
I hope it bounces back
Getting serious…I fear for those that have bitcoin
This is Serious oh.
I just Hope it will bounce back
So sad for the investors
I knew something like this will happen
when most of the advanced country reject am as a legal payment
Anyway this should be the best time for the people that want to invest
(invest at your own risk)
I don’t even know what to say. Just waiting to see the situation of things by December
It will revive
still believe it will be stable…
To be honest Bitcoin issue is getting serious and have been having headache since?
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