Post
Topic
Board Bitcoin Discussion
Re: Volatility - Somebody is fucking around.
by
ChrisPop
on 29/11/2017, 20:43:14 UTC
2 flash crashes last night about 800 points each and then a 1000 pt today?  Do you know how much capital it would take to do that? Is the government  testing the market to determine things like the effect of cash inflow/outflow? To provoke chaos in general to scare people away?  To setup a master plan for long term damage to the market?


I thought last night was crazy. but today??

You need to get used to this kind of price fluctuations. When the price will be $50,000 it will be a common thing to have thousands of dollars in daily price variations. $1000 is like 10% volatility at current price so that's not very much from my point of view. Anyway bitcoin is still in need of a retrace so I believe it will climb down to about $7000-$7500 before rallying up again.