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Indeed, I get so confused when seeing headlines like this, then I log into my kraken account (I only have like $100 worth of bitcoins but it's fun) to see what'
by radarsat1 8y ago
Indeed, I get so confused when seeing headlines like this, then I log into my kraken account (I only have like $100 worth of bitcoins but it's fun) to see what's up, and I see a graph like this https://i.imgur.com/kVW7XYx.png https://i.imgur.com/kVW7XYx.png which basically just shows that it's "plummeted" back to the same level it was a month ago, which it was at for two months.. I don't see a reason to sell.
I originally bought bitcoin when they were $12, so when I see the articles about how much value it's losing my reaction is just kind of... well, it's still 100x higher than it was 5 years ago, and 10x than 2 years ago..
Anyways if you look at the global trend https://i.imgur.com/1w1X5bN.png https://i.imgur.com/1w1X5bN.png I would say that the rate of falling from its ridiculous speculative high last year is decreasing, so maybe it's flattening out for a while..
- adventured 8y agoThe argument is that Bitcoin is still in a lower lows, lower highs move. That a sustainable bottom has not been put in yet, rather than that it's just bouncing around a bit. I.e. this move will breach below $5,774 and continue further down.