{"id":1162,"date":"2018-07-01T09:10:30","date_gmt":"2018-07-01T08:10:30","guid":{"rendered":"http:\/\/www.wasteyourtime.co\/?p=1162"},"modified":"2019-09-06T12:25:39","modified_gmt":"2019-09-06T11:25:39","slug":"bitcoin-fell-under-6000","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2018\/07\/bitcoin-fell-under-6000\/","title":{"rendered":"Bitcoin Fell Under $6,000! Will It Be Totally Wiped Out?"},"content":{"rendered":"

1 min read<\/span><\/i><\/p>\n

Bitcoin fell! Yes, <\/span>Bitcoin <\/b>reached its lowest level since November when it sank to $5,791.19 on Friday. <\/span>
\nBut experts say NO<\/b>! Experts say this Bitcoin fell is only temporary.<\/span><\/p>\n

For example, <\/span>Brian Kelly of BKCM<\/span><\/i> told CNBC<\/a> that the reasons for the dip was much fold but largely because of tax selloffs, regulations on cryptocurrencies in Japan, exchanges being hacked, and $10 billion funding ICO\u2019s.<\/span><\/p>\n

“This is not the funeral for bitcoin whatsoever,” Kelly told CNBC. He also stressed that this isn\u2019t unusual and said, “Let’s put this in perspective. Do you know where we were a year ago? $2,500.”<\/span><\/p><\/blockquote>\n

Contrary to him, trader<\/span> Ran Neu-Ner <\/span><\/i>said he expects Bitcoin to keep falling. The founder of OnChain Capital<\/a> told CNBC that the price is likely to fall to $5,350 in the next week or two. He remained bullish on long-term investments in bitcoin and he told investors to consider two other coins.<\/span><\/p>\n

“Right now my money is on the market continuing to go down,” he said.<\/span><\/p>\n

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