what's going on with price slippage... or so it seems
been getting repeatedly spiked down and worked lower last 3 days now despite some seemingly heavy resistance ... basically it didn't breach $450 or 3000cny on the upswing from the looks of it and so down it goes ... now about $20 off from the $445 it hit 3 days ago ... pretty brutal and demoralizing but i assume that's the idea it always is ... we'll see if it goes up from 425 , 420 , or somewhere between there and 400 ...
You should not let yourself get demoralized by such volatility and price movements. Just attempt to prepare for various swings of 5%, 10% and up to 20% in short periods of time. Such price changes are not the end of bitcoin, but part of the process of upward movements includes some flat periods and even downward tests of the support.