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RE: BTC - As expected, the correction is there
The corrections were inevitable, unfortunately people tend to freak out because of the "scale" of them and panic sell a bit, making things somewhat more dramatic.
The shitty uptime of Coinbase/GDAX during yesterdays "to the moon" period probably didn't help new-users confidence too much, but that will settle out long term.
A fun thing to do is compare the % difference in BTC/USD corrections to normal, daily corrections on the USD/GBP Forex market. I'll leave this to you to try, no spoilers ;)
I just converted bitcoin money to Philippine money to actualize my $200 profit.
I know that it was going down so I took my profit and waited for it to deep
so that I can buy again at a lower price and it did deep but my digital wallet is a cheater.
Bitcoin standard price is going down and down but Coins.ph wallet's buying price
is still going up and up and up to the point their buying price is 88,000 pesos more than standard price?!!
It was terrible. I lost my .0029 btc even if my analysis and calculations are correct.
To any coins.ph admin right there, you better limit your greediness.
You increase buying price too much and decrease selling price as well.
Many of my friends are dissatisfied with your service and I'm telling more people about it
so that it might just reach you and you try to reflect on your actions.
Thank you very much.
Is there much "volume" on coins.ph? I've noticed on exchanges with small volume that the prices tend to be way out of sync with reality at times...