Suspect it will be flat for the short/medium term. Probably a good time to buy for the longer term.
The future behaviour of the market depends really on what bitcoin morphs into; a store of wealth like gold, or it develops a digital only commodity-esque function, or whether it can successfully bridge the gap into the real world and become a day to day operational currency.
Its good fun watching anyway.
Topic: Crash or correction (Read 477 times)
thanks for the heads up, good to meet someone 'in the know' lol
The only people in the know are those with enough leverage to manipulate the market.
I'm looking at alt coins as more of a long term investment. I think this was a crash to be followed by a correction.
It's both a crash and then a correction.
Needs time to get up again.
ya.ya.yo!
thanks for the heads up, good to meet someone 'in the know' lol
It will crash very soon. Sell before it's too late.
Bitcoin is finding is value.. it will grow up as much as people use it for business. is a good thing to rid off speculators.
bitcoin will be back up. just wait
The much publicised bubble crash made for some dramatic charts etc.
However the median price on the day was only around $210, quite a distance from the momentary high of $266. Very few sales were made at or near the top it seems, and these very likely during a period of exchange failure, giving us (imo) 'bad data'.
This is my perhaps a naive view, that the bubble never bubbled as much as has been widely reported, and the subsequent pop is a correction not a critical wound.
However the median price on the day was only around $210, quite a distance from the momentary high of $266. Very few sales were made at or near the top it seems, and these very likely during a period of exchange failure, giving us (imo) 'bad data'.
This is my perhaps a naive view, that the bubble never bubbled as much as has been widely reported, and the subsequent pop is a correction not a critical wound.
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