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Is it though? Bitcoin corrected from $5k to $3k in September. During that same correction Litecoin corrected from $100 down to $27. This just seems like the 5
by brandnewlow 9y ago
Is it though? Bitcoin corrected from $5k to $3k in September. During that same correction Litecoin corrected from $100 down to $27. This just seems like the 50% correction that's been overdue for awhile.
- donkeyd 9y agoYes, it is, it's when a correction becomes a crash. At least in stock trading the sentiment differs greatly between the two. Most people trading BTC don't have a clue about trading though, though the market will be a lot less predictable.
- brandnewlow 9y agoMy point was that this sort of massive correction is pretty common and even predictable. After watching the gdax charts for months it seems like one law of crypto is "every price gets reached at least twice". The price of BTC blew past $10k and up to $20k very swiftly. The whales need it to do a full retrace so they can buy back in cheaply and hose the retail buyers.
- oreo81 9y agoNo none has a clue about trading...stocks or crypto.