Huge Bitcoin crash? Not really...
If you zoom in to the single day view of Bitcoin's price, it looks like quite the massive crash is happening. Zoom out.
It's easy to get caught up in FUD as we approach the launch of futures tomorrow. Many new Bitcoin buyers are witnessing their money wasting away as the price has dropped from a high close to $18K USD to around the current price of $14K. Quite a significant drop.
But not really. A mere three days ago, the price of Bitcoin was around $13K USD. And it was on a steady climb for a good few months if you zoom out further than that.
So, don't panic. Just hold on to your coins and, if anything, pick up a little more if you can afford it. This is a good chance to buy a little more at a discount. Expect extreme volatility for the next little while!
*This is not professional trading advice - just my opinion!
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I guess you are not a huge fan of technical analysis? That said use cryptowatch or tradeview and look for an indicator called the MACD.. We are just about to enter a week over week correction.
That said I love BTC and can't wait to see what the future brings. The introduction of futures is going to shake things up short term. As will the added regulation that is around the corner..
This will certainly add an entirely new dimension to things.. I see a ton of action that is going to shake things up today....and through the rest of the week..
The pain is going to be to great for those that bought late to stand and they will sell at the wrong time and back into the buyers who see the turn. Honestly I'm full Fiat at the moment, save intraday trading.. but its going to be a ride..
DAILY DETAILED MARKET ANALYSIS, GIVE IT A READ, MAKE SOME MONEY OR SAVE SOME...
https://steemit.com/bitcoin/@pawsdog/12-9-2017-the-market-view-and-trading-outlook