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RE: Bitcoin Massive Price Drop, Profit Taking, BTFD, And Why There Will Never Be Another "MtGox Event"

in #bitcoin7 years ago (edited)

true -- and prices haven't fallen that dramatically after all; rather, they are holding more or less steady at some lower support levels. It should be obvious that the market needs a breather after the kind of price surges seen during the last few weeks. It has already, rightly, been said elsewhere that that entire "massive correction" is nothing more than a consolidation at 1-week lows (that's last week's price levels; oooh, big deal) -- nothing to freak out about!

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Right. This shouldn't be considered a big deal. I was expecting it to happen. I mean, there's no way it can just keep going up in a free market. Expect volatility.