Re:Bitcoin drops below $10K after three days of cryptocurren...
by donkeyd on Wednesday January 17, 2018 @09:58AM
(#16168363)
Yes, it is, it's when a correction becomes a crash. At least in stock trading the sentiment differs greatly between the two. Most people trading BTC don't have a clue about trading though, though the market will be a lot less predictable.
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Re:Bitcoin drops below $10K after three days of cryptocurren...
by brandnewlow on Wednesday January 17, 2018 @10:07AM
(#16168451)
My point was that this sort of massive correction is pretty common and even predictable. After watching the gdax charts for months it seems like one law of crypto is "every price gets reached at least twice". The price of BTC blew past $10k and up to $20k very swiftly. The whales need it to do a full retrace so they can buy back in cheaply and hose the retail buyers.