Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
1.5% volatility is considered unstable?
As compared to the JPY at .95% volatility or BRL at 1.1%.
As compared to the JPY at .95% volatility or BRL at 1.1%.
Its not about volatility, is about perceived weakness of BTC. Of course you can deny that, but imo BTC is "wounded". This whole blocksize-fight, no matter what side you favor, has taken big hits to investors confidence. We are lucky to have the Halving upon us, without that it would have been really ugly the last months.
Ya, it did go down 2% after going up 8% so it's probably going to go to $0 any day now.
in other words btc lost ten bucks.
In either case, I would zoom out a little more.
While a lot of you fud dud chicken littles were crying that the sky is falling, Bitcoin went from $4403 to $470 and then corrected a few times down to $435 and now is floating in the lower $440's which is remains about a 10% gain (of $40)... Good luck bringing us back down below $400 without some real major FUCD spreading.
