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RE: Bitcoin futures helped tank the market, though we shouldn't have been surprised

in #bitcoin6 years ago

well gold went down but it came back up again slowly as people started to lose trust on government's ability to handle money, hopefully it doesn't take that much time for bitcoin to recover....

Comparing us to gold we are already on the -50% phase so we might have some base top day that bitcoin will hang around 6-9k for a while.

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Wait until tomorrow. Bitcoin seems to be moving faster than gold did in terms of price discovery, which means a rebound in prices may not take nearly as long.

I agree. Faster. I'm forecasting trading sideways through June before hitting 10k in August.

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