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RE: Take a Big Hit Yesterday in the Markets? Me Too! Then I Got it Back. Here's Your Opportunity to Also... Do What I Do - Spreadcoin SPR
but as i watched it from few days every time bitcoin raising spr going down even lower..
Please see Haejins chart posted above....it shows a newer low is to be reached before coming back up. It may not come back up until after the btc fall. This trade was specifically for a quick turn around. That chart was added to assist those who wanted to see a longer term situation. It's very difficult to address every possible scenario someone else could be in, that is why I posted that this is a risky trade, and based on a theory. For the long, I would be buying more SPR as it falls. If you're looking for a fundamental reason, it could be that many people who actually use SPR, not just trade it, use it specifically to replace btc due to it's more decentralized nature. It is possible the users are moving to btc for the profits at this time. Other than that....by the numbers, as the chart shows, we are going through a normal correction, just a sharp one, and it will be done correcting and resume upward sometime soon. That rise absolutely could be delayed by a btc fall, but it will have it's day again none the less.