Bitcoin's price fell by 400$ Buy right now before it flies off to the stars?
This news is an hour old. On the real time graph Bitcoin wiggles around 2500$ after recovering slightly from a 400$ drop.
Seeing the recent development we are either at the edge of a crypto explosion or a fall back to not moving a lot but I assume the future for Bitcoin is in the stars and beyond.
Buy now?
picture taken from coindesk
Be careful. The U.S. exchange traded Bitcoin tracker GBTC generated a short term confirmed top today and there are lows that need to get taken out all the way to 160.00. That would dictate a bitcoin price sub $1500 I'm sure. I posted commentary about an hour ago and will be updating that post if a short term buy signal materializes. But as of right now, with a confirmed top, and lows that need to go bye bye waaaay down there..."panic" is the more likely scenario.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=gbtc&x=56&y=11&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
It will be a good lesson for anyone who wants to learn "the hard way" about how markets actually work tho.
It's only going to go up. It's projected 6-10K BTC by December.