Topic: $235 (Read 1193 times)
is it recovering? still going downward from the looks of it
The price recovered quickly from the low of $162 @ BitFinex, but it's still lower than it was pre-crash ($235 vs $255). Not sure what charts you're looking at, but it looks like the price is slowly climbing, at least at BitFinex, BTC-e and Bitstamp. 
If anything, this panic will recover 2-3 days later? or takes about a week.
I usually see some sort of recovery after a huge panic sell around back to what the value was.. so no need to panic too much.
I usually see some sort of recovery after a huge panic sell around back to what the value was.. so no need to panic too much.
it seems like these super fast crashes alway recover the fastest. some whale just sold a bunch, and will recoup all their coins (and probably then some) while causing a panic sell. I'm not sure this crash is over, but certainly we've got a rocky road in the next few weeks coming up!!
If anything, this panic will recover 2-3 days later? or takes about a week.
I usually see some sort of recovery after a huge panic sell around back to what the value was.. so no need to panic too much.
I usually see some sort of recovery after a huge panic sell around back to what the value was.. so no need to panic too much.
True. If you are a long-time holder, just smile and move on.
If you are a day trader, try to open some temporary short positions and try to benefit from this volatility.
I am still a long-term bull.
167 on Finex.
That should be a momentary spike.
Hovering around $225 now. This was an unexpected drop.
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