And Bitcoin is Volatile Again (plus my speculation)

in #bitcoin4 years ago


Source: Pixabay

 

"'Tis the season..."

 

 

Well, I guess there goes our stability we had for a while. Hitting the lowest it has since the beginning of the year, Bitcoin has dropped below 5k and is currently sitting at $4,818 as I type.

 

What does this mean?

To be honest, I really don't know. However, given the sudden nature of this and the lack of an apparent force or event manipulating the market, I would say this is 'probably' just market fluctuation. Now, it is possible that there is some unseen force or event that caused this that may be made known at a later date, but I have some doubts about that.

 

And as I always say with sudden changes, regardless of the cause, they are (almost) always going to correct partially. However, if this is just a market fluctuation then we are likely to see a a quick correction almost exactly the same as the sudden drop.

 

Still though, there is this nagging feeling of mine that since there is a sudden drop in value after such a long period of stability that there is something more to this (even if it's not an outside force or event, but just a glimpse into a set of bear runs coming).

 

Conclusion:

Hope you can make sense of my rough speculation here. Logic is telling me that this is a temporary market fluctuation, but my gut is torn between this being a fluctuation and this insight into rough waters ahead.

 

As always though: trade responsibly, don’t invest more then you can lose, and don’t hold me responsible since I’m wrong sometimes too.

 

If you want more content by me you can always follow my by: email, on my blog, or on steemit.



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