The recent collapse of bitcoin, perhaps, is one of the most discussed topics in the cryptocurrency market. While bitcoin owners think what they should do with their own money, people who are just entering the cryptocurrency market are investing in more forward – looking projects. Personally I spent a lot of months on forums looking for worthy projects, and Ive chosen a European company Mining Now
http://miningnow.onlineOf course, Ive come to such conclusions not myself, My cousin who entered the cryptocurrency market about five years ago told me bout it.
Due to the fact that I listened to him, Im not among those who are in panic now getting off bitcoin, because no one can name the reasons for the collapse, and no one knows what will happen to ше next.
With MNW tokens, theres a more understandable situation since theres a plan for the currency development, and itll grow steadily for the next few years.
So everytime there is a 10-20% temporary correction in BITCOIN U'all going to call it "COLLAPSE", isnt' that why the day-traders love this crap? Cuz they can count on these tremendous volatility variations, and its a known-known that no matter how low it goes, it will come back, ppl who play this game, must be make a fortune on betting against the whales.
I can imagine tons of coders out there have python algo's that just look for major whale buy/sale orders, and then the algo tells the day-trader what to buy/sell, good thing about BTC is this stuff is all open and almost all the good exchange have JSON. I'm sure ton's of people get INTEL every hour on their mobile phones.
Lot's of PPL can tell U why the price went down almost $2k, but now its back up to 60 day average, lots of ppl can tell u whats going to happen next,
More of the same, ... just like the weather.
Bill Gates said it best "Bitcoin aint' going away", that's all U need to know.
BITCOIN is 'money' for INTL-RICH MEN, no borders, and like gold, but it can't be taken away by cops,bandits, or gov. All the rich see this, so they will slowly continue to 'investment' BITCOIN by baby-steps, but certainly once The SHit Hits the Fan, aka USDollar collapses then U will see BTC shoot to the moon, cuz it will be the only place other than gold to safely store your wealth, even 'real estate' is NOT safe during war.
Marc Faber likes to point out looking back the last 500 years the only safe place where anybody kept their wealth was in the 'church', now we have a new religion, a new church, and BTC is the idol.
( The point being about the 'church' is that wars come & go, and fortunes come and go, and fiat, but the church just keeps growing; best racket on earth after bitcoin )