Ninjastic
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Board Service Discussion
Re: Evolution has run off with all user's funds
by
Snipe85
on 18/03/2015, 23:24:58 UTC
Quote from: guitarplinker on March 18, 2015, 10:32:06 PM
Quote from: pleaseexplain on March 18, 2015, 10:25:49 PM
Quote from: therealmrmike on March 18, 2015, 10:05:44 PM
i am new to following bitcoin is something like this part of the drop in price today. Or is todays drop normal?

there is nothing "normal' in terms of bitcoin volitity. usd and other currencies shift at most 1-2? in the short term bitcoin can do big jumps.

go to sites like coindesk and look at the price charts  eg in 2 days in january it went from $267 to $177 and a day later back to $210.

 Grin


Today's drop was more than normal, compared to daily prices changes in the past few months. Yesterday IIRC the peak was about $295 USD, and now a coin is selling for about $255 USD, which translates to a 15% drop in less than 24 hours.

A 15% drop in 24 hours normal? That's why I love this crazy world of Bitcoin. You won't find people saying things like that anywhere else in the financial world.