Haha, at 1:30AM this morning I excitedly mentioned that Bitcoin had reached an all time high of $4100CAD. I was surprised since I thought that it would probably drop directly after reaching such a mile stone.
When I saw it teetering at $4100 CAD at 130AM this morning, I optomistically though that it would really be something if it were to surpass that Mark. How much higher could it go...?
And just like that, bang back down to $3750 CAD on Quadrigacx.
I think i'm gona buy back some of the BTC I recently sold from my initial post and then wait for it to rocket up again.
Happy Steeming!
jaybird ~
I was expecting something similar. It just seemed like the markets were stretching and stretching but not quite finding new strenght anywhere.
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Apparently coinbase is also down right now. I wonder how much of an effect that has on the price dipping.
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Yes, Exhanges go down an awful lot when price goes down. It's been a good indicator for years. I'm just not entirely sure which comes first and why they go down...
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here check this out. we both had the right idea more or less, although there was more to it. - https://steemit.com/bitcoin/@sflaherty/bitcoin-alert-why-did-bitcoin-dump-all-of-the-sudden-here-is-the-current-reasons
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There's probably something to both the market in general affecting it and DDOSing a big exchange. I'm still uncertain however. Remember MtGox? It used to go down after the price started dropping, but then again that might be because a DDOSer saw his opportunity.
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I was also wondering that. Which comes first, the chicken or the egg ~
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Something had to give right. I was just surprised that after the 4000 mark it kept on going for an entire day and a half.
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