News for hackers. Stuff that matters.

A comment on Crypto-currencies have lost 30% of their value in the last 3 weeks. Parent comment

Re:Crypto-currencies have lost 30% of their value in the las... by this_user on Tuesday July 11, 2017 @08:45AM (#14743636)
30% is not a small correction. Per definition, anything that is down more than 20% is in a bear market.
[ Parent | on HN ]
Re:Crypto-currencies have lost 30% of their value in the las... by vocatus_gate on Tuesday July 11, 2017 @09:03AM (#14743788)
Maybe in normal markets. In the cracked out world of cryptocurrency it's just another day of trading.
[ Parent | on HN ]
Re:Crypto-currencies have lost 30% of their value in the las... by empath75 on Tuesday July 11, 2017 @09:16AM (#14743875)
Over a two-month period, usually. If the price shoots up from here (and that would be pretty normal for btc, etc), then it was just a correction. It could also drop another 50% from here. cryptocurrency markets are nuts.
[ Parent | on HN ]
Re:Crypto-currencies have lost 30% of their value in the las... by mirimir on Tuesday July 11, 2017 @09:41AM (#14744062)
Yes, they're nuts. And that's so because they're so small, relative to fiat markets. So it doesn't take much to push relatively large amounts into them, or drive them out.

But whatever. I just use Bitcoin because I can easily make it as anonymous as I like. Price spikes are sweet when they happen, and crashes can be an inconvenience. But that's just what's so.

[ Parent | on HN ]