3 ms·
"That is a loss of 25% of its value" Update as of 11 March 01:44 UTC (4h43m after the SEC decision): BTC fully recovered! It now stands at $1140, which is the
by mrb 10y ago
"That is a loss of 25% of its value"
Update as of 11 March 01:44 UTC (4h43m after the SEC decision): BTC fully recovered!
It now stands at $1140, which is the level it was trading at just 2 days ago. From 09 March 00:00 UTC to the SEC decision on 10 March 21:01 UTC it gained +12% due purely to speculation ($1140 to $1280) and basically retraced these 12%:
http://bitcoincharts.com/charts/bitstampUSD#rg10zig30-minzczsg2017-03-07zeg2017-03-11ztgSzm1g10zm2g25 http://bitcoincharts.com/charts/bitstampUSD#rg10zig30-minzcz... I am impressed. I thought downward trading pressure would have lasted for days/weeks after the SEC rejection.
- koolba 10y agoAlternatively: https://en.m.wikipedia.org/wiki/Dead_cat_bounce https://en.m.wikipedia.org/wiki/Dead_cat_bounce