RE: Bitcoin Is Crashing

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Bitcoin Is Crashing

in bitcoin •  8 years ago 

Hardly a crash. Bitcoin was up 12% on the day and just went back down, it's still up 1.49% for the day as I write this comment. In order for Bitcoin to experience what is considered a "crash" it would have to fall more than 20%. A mere 10% correction is not a crash, in fact, this could be the opportunity that Chinese investors need to toss more money into Bitcoin overnight and make the price explode by the time the Western world wakes up tomorrow.

ZeroHedge is known for its bearish commentary and doomsday articles. If you read them daily, you'll think the sky is going to fall on your head and they are NOT pro-cryptocurrency.

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