How far do you think Bitcoin will plummet down before it will start rising again?

I know there's lots of story like this on the internet already but I would like to just share some insights if you haven't already know about what is going on the cryptocurrency world now.

"On 4th September, China's central bank together with six other departments released a public statement on regulation policies and warning the risks of Initial Coin Offering (ICO) projects. "
At this time, people are just saying that this was a rumour and claiming this statement was fake news. So the price of bitcoin initially did drop a little but once people started to confirm the statement, the price value of bitcoin started to decline even further.

3 days ago, 12th September 2017, JPMorgan Chase CEO Jamie Dimon, the guy in the picture below, speaking at a Barclays investment conference saying: Bitcoin is a Fraud. Saying something about Bitcoin is like the Turnip Mania that happened in histroy.

As of today, 15th September 2017, looking at Bitcoin current value ($3150), the value of Bitcoin is at a steady downward trend. From speculation from some experts in this area, that the value of Bitcoin will continue to decline till the $3000 USD mark and not fall any further. Cant say if that is true or not, as we are not God and cant really have a say at this time and point. Bitcoin Chart.PNG
Even it does fall through below the $3k mark, please do not look at this as a lost if you just joined the cryptocurrency train recently, but look at it as an opportunity to get more Bitcoin because of the cheap prices. Think this dip as a sale on Bitcoin. I mean, governments and authorities are trying to regulate the cryptocurrency, so of course, the road on cryptocurrency will be a rocky one. Every cloud has a silver lining and I think this is one of it. Cheap prices to enter. I know I cant hold onto the past, just have to cut my loses and earn back and look towards the future. For right now the future is looking unclear but I'm sure Bitcoin will raise up again!!

**As the title suggest, please leave a comment on how do you think bitcoin will go in the time to come. Please be respectful towards each other and let's have a good debate on this topic!!

Thank you for taking your time to read this post!! Any up-vote is appreciated!

Sort:  

We will reach the lowest point of bitcoin end of next month. The total market cap is dropping rapidly, however when faith comes back, people will start trading again.

I am sure crypto's are the future!

Congratulations @cheekibreekiblin! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard:

SteemitBoard - Witness Update

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @cheekibreekiblin! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.15
TRX 0.15
JST 0.028
BTC 53778.84
ETH 2224.93
USDT 1.00
SBD 2.30