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Topic: The market is on fire today! - page 2. (Read 302 times)

legendary
Activity: 2170
Merit: 1427
January 08, 2018, 10:56:44 AM
#4
It's funny how when the price was hovering between $12,000/$13,000 people were just relaxed, and now the price has gone up to $17,000, and went back down to sub $15,000 levels, people start talking about what happened. Roll Eyes It's just the market bouncing up and down like it has been doing for weeks now. It's perfectly normal considering that there is no news or other signals for people to hold on to, so the market jumps up and down within a fairly large range. The market last year had the future markets to hold on to as extremely bullish sign, which we don't have anymore today, so there isn't a clear direction.
hero member
Activity: 1680
Merit: 655
January 08, 2018, 10:45:53 AM
#3
Market correction is really my first answer. But I didn't expect for other Altcoins to follow where Bitcoin is now. I have been observing the daily and hourly charts of Bitcoin and have come to a conclusion that with declining tops it will go on another correction which it did. But with a wild guess I think that the massive correction of Bitcoin made other Altcoins follow it as all the traders know this would happen as some kind of domino market effect.
legendary
Activity: 1638
Merit: 1046
January 08, 2018, 10:40:41 AM
#2
I think this is not the reason why the price drop again and i just read one article and they said it is because china was planning to kill most of the bitcoin mining that i think it can impact to the price today.
But there are still traders are buying more bitcoin while the price is cheap. Well honestly this is just a normal for bitcoin anytime soon we will see the price back to normal just wait for great news..
copper member
Activity: 658
Merit: 284
January 08, 2018, 10:29:33 AM
#1
What is really happening again, today?
Which country is banning ICOs again?
I know we're done with China!

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