Panic Selling Knocks Bitcoin Into Bear Market Fall
Bitcoin mania has been treated a potentially fatal blow today with the world's favorite speculative "active" that rushes to $ US12256, or 35 percent from record height.
In 24 hours, bitcoin has increased 28 percent. With the free fall in the afternoon after temporarily finding support around $ US13,000 this morning.
In nominal terms, the latest correction in bitcoin bull market rally is more than double previous decline, which means much larger nominal cash gains for those who are late for speculative frenzy.
Panic Selling Knocks Bitcoin Into Bear Market Fall
Bitcoin toppede på $ US19.666 fire dage siden, men den har indført en fuldt udbygget bear-market-korrektion med et tab på $ US4000 alene i dag efter at have styrt gennem tekniske supportniveauer.
Salget har accelereret, da den kortvarige prispræmie, der ses i bitcoin futures, tumbler, hvilket efterlader CME-futuresprisen i takt med bitcoin-spotprisen.
Read more: thewest.com
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This is a last opportunity to invest in Bitcoin, because this correction is unique and abnormal as compared to previous ones.
Steem, EOS & Ripple my favorite’s :-)
The fall in the price of bitcoin is shocking..it means a huge loss for those bought prior to the fall in price..No one can actually predict if the price is going to fall again..thanks for sharing
No, i was surprised this morning
Hi there!
Almost 175bn were drawn from the market in less than a day pretty astounding number.
Most of the people i know see this as a good opportunity to buy more, personally i have used my risk capital allowance so i am HODLing for the next year!
Cheers everyone!
Agree!
Yes, in the bitcoin market, complete madness is being created. Good luck to you and good.
Thank you!
I lose pretty much..poor i am
Patience is key
I like it you are Awesome
Your post is very useful
Your post is very good, very useful, your post is so inspiration for me and all users of steemit, I am proud of you .
I am also scared but its that time of the year
tahnx for your post .. +1 upvote