Bitcoin dipped on Wednesday after indications of greater scrutiny from U.S. regulators. This was so serious that the digital currency fell nearly $500, or about 8.7 percent to a low of $5,109.70, according to sources. That marked the digital currency's lowest level since Thursday, October 12, according to CoinDesk. Bitcoin hit a record high above $5,800 Friday.
The report said as a commodity, virtual currencies like bitcoin fall under the oversight of the commission when they are used "in a derivatives contract, or if there is fraud or manipulation involving a virtual currency traded in interstate commerce."
Lets see if this a healthy dip or if it will continue to dip.
I want Bitcoin to drop again. That just means it's on sale for those of us who want more.
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I hear u. It was bitter sweet for me thou cause i ran out od caah on my gdax. Buying at 54.lol
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yeah wait till its like really cheap,buy a ton of it, then wait till it goes up again then youll be super rich
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Do you think it will dip into the 4s before the fork on the 25th??
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@urbansteemers
Am praying for more of a dip proper, so we can purchase more, BTC on sale is the best sale ever, BUY BUY BUY, lol we in for a bumpy ride over the next 2 months until end November when SEGWIT makes it's rounds as well.
I have spread things so that either way win win :-) Bitconnect happiness happens with BTC volitility. smiling all the way. Most people have cottened on so it is different from the first fork where most guys ran for the hills - this time they diving in to get Bgold, then they will probably sell to buy back into BTC, but then buy Alts again and only then will price settle. But BTC currently over bought, and possibly could retrace even more maybe to $4800 once the dust settles = SALE!
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