Bitcoin Crash The finance Journalist Rejoice!!!
Just last night I asked the question, Bitcoin US$10000 next stop the Moon... So time to Cash In or HODL ?
Over the day the Bitcoin price had smashed though US$10,000 and was fast approaching US$11,000.
Well not long after I’d posted the pressure valve blew and the price fell back almost to US$9,000 before bouncing back over $10k again.
On tonight’s ABC Australia evening news finance report, Alan Kohler, looked pretty happy that Bitcoin price bubble had burst.
Photos of ABC News and Blockfolio chart by @stephen-somers iPhone 6s
Did anyone lock in some of these lofty prics or did you HODL?
Is it time to jump back on and buy more or wait until the price falls even more?
Thanks @bearone for the teamaustralia banner
Hardly a bubble bursting. Oh no, the price drops back to what it was four days ago! Panic, panic, panic, SELL, SELL, SELL.
Call it bursting if we get back down to $4,000 or so.
Did I lock in prices or HODL? I do both. I continue to spend bitcoin with my Swipe card. It paid for Chinese tonight, lunch yesterday, pizza and hotel accommodation on the weekend.... But I'm not spending all my hodlings. Nor will I try to precisely time markets. No good at that. I moved some into bitUSD and HERO earlier, so have missed some recent gains, but know I am protected from a real crash or bubble bursting. But don't think we have seen that yet.
I am glad the bubble burst and now Bitcoin can continue it's upward trajectory more stable and sure.
Love watching old dinosaurs speak about the future with a certain smugness when something slightly negative happens to it, he knows as much about the future of bitcoin as anyone yet thinks he speaks as an expert. Grinds my gears.
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I didn't watch him as I knew what he would say, who cares what these TV experts think!