Bitcoin Takes a BIG HIT of $200 in Wild Trading and Was STOPPED from Hitting $2300!
Bitcoin has risen considerably recently with a massive inflow of money, sending the market cap to new RECORD HIGHS.
There have been setbacks along the way but this was a BIG HIT. Nearly $200 was erased from the value of Bitcoin as the trading had gone wild.
It seems as though Bitcoin was prevented from surpassing $2300. It was kicked down to about $2100 but that didn’t last long. The price has since risen back to recuperate all of that loss!
From CBNC:
Bitcoin plummets $200 in 4 hours then recovers to fresh record in wild trading that serves as a cautionary tale
Bitcoin erased, then mostly recovered, about $200 overnight.
In contrast, gold futures have traded within a range of about $150 this year.
The digital currency has had other volatile swings this year.
http://www.cnbc.com/2017/05/23/bitcoin-plummets-200-in-4-hours-then-recovers-in-wild-trading.html
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thank for sharing
you're welcome.
I just love how Bitcoin behaves. It is like the fighter that keeps standing up. I'm just not sure if these 200$ lower punches are the "testing" kind or the full force ones. If they slam down PMs it usually takes them ages (days/weeks) to pick up. Bitcoin on the other hand just shrugs it off. I'm almost sure that PMs would act the same if they would be playing in a fair un-manipulated market.
I agree, it's quite different. Certainly a smaller market which is valid for the volatility.
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Velcomen to the NEW ONE WORLD CURRENCY! All Hail Bitcoin!
Critical thinking Required...if its Decentralized why does it except Physical Fiat based Currency?
I am wondering the same thing with even gold and silver...who (person or company) in their right mind would sell physical gold and silver for fiat dollars now?????? definitely makes me go hmm.... but I am still diversifying in the meantime.
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