What Happened?

in steem •  7 years ago 

Just a couple days ago bitcoin was looking really good at $17k and for a second climbing up to $19k. Of course I, the all knowing master, was getting just a little anxious that the metaphorical bubble was about to burst. Now it sits just shy of $15k.
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Ofcourse, it will probably start to shoot up again. I honestly wouldn't be surprised if it climbed up to $20k by the time February rolls around.

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The transaction time is absurd right now which seems to be driving people to the alts rather than bitcoin. I only invest in alts so this makes me happy. :)

Same. I've learned that hard way that diversifying your portfolio is the best thing you can do.

Yep. There are some fantastic opportunities to diversify right now as well.

Litecoin is doing amazing things at the moment. I bought in at $81 which makes me extremely pleased.

What happened is that around the $12000 mark BTC entered a parabolic growth phase and then FOMO kicked in. The writing has been on the wall for a while but nobody wanted to believe it.

So now it has corrected to the support line before it went stupid.

Currently the bears and bulls are fighting over the $13000 support to see who wins control. So blood bath :)