Bitcoin volatility hits

in #bitcoin7 years ago (edited)

I bought some yesterday. I knew a correction was coming but I didn't want to wait. I don't doubt it will go up again, but it's sure interesting to see.

The satoshis don't change, just how many devaluing fiat loonies you need to trade for them.

-50 not too bad

I had a feeling this was more manipulation @penguinpablo
https://steemit.com/bitcoin/@penguinpablo/china-central-bank-said-to-call-bitcoin-exchanges-for-more-talks

A new age for storing value

“There are a lot of people shorting bitcoin now, one because of the regulatory environment, another because the price is relatively high,” said Tian Jia, a Beijing-based trader of bitcoin. “The fact that PBOC continues to look into this issue might make people think that the whole thing isn’t over, and based on past trends, whenever the central bank holds meetings with exchanges the price will drop.” Bloomberg ~ Plugs http://hardbtc.org/ocart/

Flashback to January 2017

https://www.bloomberg.com/news/articles/2017-01-20/china-s-yuan-outflows-plummet-showing-capital-controls-pay-off

And now it's back up! Short lived.

What's your bet for February / March?

Comment below! Higher or lower?

Support your prediction with evidence if you can. What do you see in these charts?

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Lower. Those with experience are unlikely to be bit twice.

We need to buy more coins is what we should be doing :)

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