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Speaking purely from the perspective of someone who holds a small sum of BTC, this seems totally normal and honestly predictable. Again, I'm not an econ guy so
by jszymborski 9y ago
Speaking purely from the perspective of someone who holds a small sum of BTC, this seems totally normal and honestly predictable. Again, I'm not an econ guy so this may be naive, but BTC strikes me as just crazy volatile and runs at break-neck speeds. Instead of having a great-depression or recession last years, it last a couple weeks to a month... ditto for bull markets.
This month, BTC->USD rates have hockey-sticked, people on /r/bitcoin were cheering. This happens cyclically and is a signal that it's time to sell and buy the subsequent crash or wait it out until others do.
It certainly feels like a correction.