Post
Topic
Board Bitcoin Discussion
Re: The dust has settled...how did you fare?
by
subSTRATA
on 16/09/2017, 12:20:23 UTC
Some article said that the price of bitcoin would play around 3000 for a while and it turns out to be true. Well i dont sell and dont have the money to buy even if i want so it doesnt affect me much.
personally, i don't trust any of these articles or predictions, when something major like a sudden 25% price tank happens, every crypto related blog and media outlet puts out all sorts of numbers and predictions, enough that one of them are just bound to be correct. at this point, i just take it on myself to guesstimate a number or just get a general feel of when the price fluctuations will stop. i ended up making a small chunk of change from the fluctuations over the past few days, for what it's worth.

The dust is far from being settled. The situation in China is not 100% clear yet, although the latest indications are that the exchanges will be allowed to operate if they could reach a deal with the authorities (which looks very likely as of now). And the exchange rates are swinging as much as 10% up and down in just 3-4 hours. It will take a long time for the markets to stabilize.
not too sure on that one, if bitcoin can recover this quickly form the events of the past week or so, i dont think any new events would affect bitcoin nearly as much.