How far will Bitcoin drop??? 9000, 8000, 7000
I see at least a low of 8500 with the tether news coming out and then possible collapse of Bitfinex. We see that panic selling catches quicker than anything in crypto.
The good news? I think this will be the lowest drop the market sees in 2018. More projects will get actual products and put into use. Once people actually are using these coins for practical reasons and not just speculating, a firm foundation will be in place. Thus, a huge rise throughout most of the year.
Please comment how low you see the market going.
This is scary - with all the FUD surrounding the Korean markets + the Tether/Bitfinex shitstorm, things don't bode well for Bitcoin...
But I think you're right - once people see the technical side of things, their faith will be restored and the price will rise once again. :)