Bitcoin from 5,000+ to less than 4,500 dollars: Everyone see opportunities

 The bitcoin rose to just over $ 5,000 this weekend and is now running away. The $ 4,400 comes to light. Big traders see bread.

The bitcoin rose for the first time over $ 5,000 on Saturday, with a $ 5.013.91 peak. But the peak was short-lived and Monday morning around the clock at 10.30 the btc is around $ 4,360. A drop of more than 10 percent within a few days so.

But apparently, traders in the bitcoins market also deal with the credo 'buy the dip'. That, in any case, tells retailer Ronnie Moas of Standpoint Research at Coindesk.com. According to him, big bidders in the bitcoin have a strategy for  situations like this, in which the currency falls sharply after a sharp  increase.

When people get into a panic and start selling, they look around the  corner and buy them again, so they buy 50,000 coins and then dump them  again 20,000. On  the one hand, the big traders want to keep the price down, and on the  other hand, they want to increase their positions for a lower price. They try to shake people out of the market so they can pick up more bitcoins for a lower price

 Healthy correction

Moas is also not worried about the sharp decline. He points out that the bitcoin rate was still $ 1,800 six weeks ago. So in a month and a half, the currency has still increased by more than 140 percent. "It's a healthy correction", he concludes about the current decline.

Ethereum also hard underneath

By the way, ethereum is also very difficult today. At the beginning of the day, the cryptomint, after bitcoin the largest, was just over $ 350. But around 10:30 there is only just over $ 300 left. The currency has become around 14 percent less in a night and a half-morning. And that while the coin was still roaring at $ 400 at the end of last week.