Bitcoin Just Lost Almost Half Its Value: What's Going On? Is this a sign of the bubble bursting?
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When Isaac Newton first articulated the idea that what goes up must come down, he probably wasn’t thinking about bitcoin. But it fits, at least as of this writing: After the world’s most popular cryptocurrency surged to nearly $20,000 this month, its value plummeted Friday.
At its lowest, the blockchain-based cryptocurrency tumbled to around $11,000, meaning nearly half of its peak value abruptly disappeared. The price fell so much that it led to Coinbase, the biggest bitcoin marketplace, to halt operation temporarily. Is this a sign that the bitcoin bubble is on the verge of bursting, or is this just simply a hiccup?
It just means that someone is booking profits and the load is moved on few new people who just entered... The wise thing is to just hang on.. Showing them carrot of 25k and they hold.. So if all hold who will harvest? So in this way the small fish sell, burn their hands and exit.. And big fish can accumulate at a lower cost... So this is the best time to enter.. Buy now and sell at 1k to 2k more and you have made 20% instant..
Yes you right 101%
That topic is getting kinda departed...