Yesterday we saw a "crash" in the market, as the price of Bitcoin dipped all the way down to $11833 (Personally I saw it go down to $10,000 on some exchanges). This is most likely caused by institutions and "whales" cashing out for the holidays. We saw this type of behavior before, with Fridays being the day that crypto would drop as it was the last day of the week - trading is probably too much for some people as crypto markets are open 24/7 - people sometimes just need a break from refreshing coin market cap and just choose to sell their crypto.
Social Media Rebound
Now that Bitcoin and crypto are both in the minds of a lot of social media personalities. We had people tweeting out the cheap price of crypto which led to a buy frenzy.
Now the price is up to 14,705 in what seems like the fastest recovery ever.
Steem is up too
Steem seems to be up too, all the way to 21729 sats!
I still believe that crypto is the greatest opportunity of our lifetime.
Hi ,
Nice work sir
This was just another hiccup probably due to BitCoin Futures or maybe due to BitCoin fees going too high? The price will grow fast again when more wallets and exchanges will implement SegWith addresses.
Yes I agree with both them reasons and the more bitcoin gets beat down and gets back up I believe the stronger it will get.
That was scary shit. I HODLed everything though . Everything will be back up on Christmas hopefully. And up up up in 2018
Bitcoin is just like a pinball machine. The ball bounces around, goes up, sideways, set off lights and gives you bonus points. In the end however the ball is gone and the game is over!
Thanks for the updates
Watching people get off the lifeboats and back onto the Titanic makes me sad.
Whooooo Steem!!!! I’m holding my steem out of this platform and trading with it
The bitcoin prices will be hitting further high tell new year
what's a bitcoin worth? Lately, nobody knows for sure
very good news...
in a lighter note may be bitcoin rates become low because of Christmas gift to all people who did not invest in bitcoin:). kidding keep sharing nice post
Btc is back! I really need to buy steem before new year
Cashing in BTC for the holiday season. After the rush, they will all go back to the btc train. To 20k and beyond! :)
Yes sir, $14,800 as I'm typing this, 31 minutes after your post, Michael. I just wish I'd had some extra fiat to go in strong with. I'm sure some were freaking-out, grabbing their profits and running, but BTC will be back! Bigger and stronger.
Yes, Steem is hanging tight also...like a hair in a biscuit.
Thanks for your great posts Michael. You're my favorite cryptonian. lol
Lol.
The wise ones incested when it camw as me down.
Ha, can't imagine the fees are nice...
Since btc network is clogging best alternative buy the silver a.k.a LTC.
People must have flocked into the market to take advantage of ghee drop in price, but as marketing forces would have it, the theory of demand and saw became operational and prices started to pick up ones more