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RE: BTC - Today is a perfect example of why it's so hard to trade Bitcoin

in #bitcoin6 years ago

What makes it behave that way?
There have to be a culprit in all of this !
Is $10k the new bottom ?
It looks beneficial if you hold altcoins where spillover generates positive gains.
Keep on postin’

Posted via Steemleo

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The reason it is so hard to trade is likely due to an immature and not that liquid of a market, at least relatively speaking. Another name for it would be manipulation. People can move prices much easier in bitcoin than say the S&P 500. I think the drop yesterday attracted short sellers, and the pop today squeezed em right back out. Rinse and repeat.