Bitcoin price plunges $2,000 in 12 hours as year-end rally fizzles out

Re:Bitcoin price plunges $2,000 in 12 hours as year-end rall... by hollander on Friday December 22, 2017 @05:44AM (#15986526)

This seems like the regular pattern. It goes up for a while, then you see a drop back of about 30% of the rise. Then after a short while it picks up again and in not time it has recovered from the drop, to gain more value. Then repeat.

I have invested a small amount in bitcoins, and just wait until it hits $100k. If I lose all, bad luck. The amount invested is worth the risk.

[ Parent | on HN ]

Re:Bitcoin price plunges $2,000 in 12 hours as year-end rall... by BattyMilk on Friday December 22, 2017 @07:11AM (#15986896)

I'm in the same as you. I've been dumping a few hundred a month into BTC, ETC and LTC for a few months and at the time of writing (BTC is currently hovering around 14k) my investment is worth 3x what I've put in.

While I'd love to see crypto disrupt the current financial system, it's just fun to be a part of the ride. I see this as play money. It's fun to track the price up and down.

It will have to do a repeat of the 2012-today run up for me to make huge money - something I'm not expecting - and unless it does this, I'll not be cashing out. If it happens then awesome, if it crashes tomorrow then I've spent a bit of money for a bit of added excitement in my day.

[ Parent | on HN ]

Re:Bitcoin price plunges $2,000 in 12 hours as year-end rall... by hollander on Saturday December 30, 2017 @06:50AM (#16034890)

> While I'd love to see crypto disrupt the current financial system

Late reply. I don't agree. I think a disruption of the financial system will create only trouble. Taking back control from the banks is something else, and stopping split second speculation by algorithms would result in more stability. If you mean that by disruption, I agree of course, but for me this is not a disruption, as it fits in the current system.

[ Parent | on HN ]

Re:Bitcoin price plunges $2,000 in 12 hours as year-end rall... by emerged on Friday December 22, 2017 @08:24AM (#15987215)

This is accurate and you can easily see it through a cursory look at the full history of coin value. These articles have always served as a Buy signal. Whether or not one believes this time will be different is another question.

[ Parent | on HN ]