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RE: BITCOIN (BTC) Update: Short Term & BIG PICTURE Analysis
Exchanges make money either way.
Why would they bankrupt during the back of the big wave?
Exchanges make money either way.
Why would they bankrupt during the back of the big wave?
Volume to trickle to next to nothing towards the bottom and that bottom could last very long extended time. Who knows, maybe governments will seize exchanges because those who lose fortunes will file suits and force governments to take acitions. During panics, the order channels get stuck and people' orders could mistaknely be sold for pennies. Many reasons.
Most importantly, sentiment will spit on bitcoin at this level of correction.
Very good reasons.
I agree that it would be an event from which there is no easy recovery.