Bitcoin managed to reach nearly $14,000.00 before it had that terrible plunge yesterday which has made it go down to about $10,500.00 at one moment, as of now Bitcoin is at close to $11,000.00. A lot of people are in panic and are trying to sell off, I am a member of a Honduras Whatsapp group and that is abut the situation with the guys there also. Logical nobody wants to lose money.
Now as always I think that these sudden changes in price can only be attributed to currency manipulation by some really big guys, you know being able to send a coin rocketing upward and then all of a sudden pulling the stops and have it go way down is a sure way of making some money for yourself, of course you need to have big bucks to do this, but I think these runs are manipulated by groups of people who get together to have this happen.
People then sell whatever they have even at a loss to not lose everything, this also happens because these guys have little money and aren't going to risk it all by HODLing, this is why that maxim of not putting in more money than you can afford to lose is so good, mainly because it is real, I myself don't invest money in crypto, I have no credit card or debit card so I can't move money around which is just as well because I would already be losing money gambling with the market.
Now the thing that is important is, will Bitcoin go up or down? And that is the one unanswerable question for us, the manipulators they know but us small guys don't so it is just a gamble. I feel that Bitcoin is going to continue moving up and will be at a real good price by years end, and I hope that this will extend to alt coins because I do hold some of them, not much but enough to expect a good feeling if their price surges.
So I guess that if BTC does go up I should see some of the guys whom I interact with in the social media make some good money, good luck to all. But be careful just look at how all alt coins follow BTC whatever it does, right now all of them are going down.