You are viewing a single comment's thread from:
RE: IMPORTANT COIN UPDATES - BTC, XVG, TRON
This has nothing to do with India, just like it had nothing to do with Tether of Bitfinex or the Japanese exchange before that or any of the other excuses. This is all part of a correction that some of us have been telling you all would be coming for weeks.
It will be fine. The quicker and deeper it falls, the healthier the recovery will be. I am still going for anywhere between 8.1 and 9.4, more likely near 8.1. I will start laddering in at 9.4 though. The 8.1 may just be a spike. It could also remain there for longer, but that would not be nice.
Good luck, don't panic and do not sell at a loss, but ultimately all decisions are your own.
True! It's interesting that no big news has caused this. Shows that bitcoin is still very volatile. Imagine if something huge would happen :S
To add, on the fundamentals BTC looks stronger then ever, and a correction was long overdue. But i am not sure we can't count out a bigger event that is happening right now that we are simply not aware off, time will tell. But as i said in my post early on, i am still not seeing the panic and capitulation. Maybe the extra 1-2k$ down to the 8500-7500 area will cause that and we will be able to safely rebound.