A second day of losses throughout cryptocurrency markets is giving would-be traders a chance to buy that may not be repeated.
Bitcoin dropped below $10,000 on Cointelegraph’s price index Wednesday, Jan. 17. On the same day, Ethereum (ETH) went below $900, marking a price slide of over 30% for both assets this week.
Community and industry figures have reacted with mixed emotions to the downturn, which mimics behavior seen in January over the past three years.
“Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.” – Warren Buffett. (What’s the numbers for the crypto market?)
— Parabolic Trav (@parabolictrav) January 17, 2018
— WhalePanda (@WhalePanda) January 17, 2018
Data shows that Bitcoin set its annual low in the second week of January for 2015, 2016 and 2017:
2015 – Low was Jan 152016 – Low was Jan 162017 – Low was Jan 12
2018 – Low ….
— Bails (@iancbailey) January 16, 2018
Across major altcoin markets, assets are also currently being traded at steep discounts versus just a week ago, when many were still beating all-time highs in USD…