Post
Topic
Board Trading Discussion
Re: A crazy day! Who can explain?
by
Tamilson
on 17/12/2017, 13:51:00 UTC
BTC jump From $17400 to $19300. Almost $2000 a day. Too crazy to catch it.
Is it a work of the Wall Street? Any correction expected?

Yeah the reason is that CME is listing bitcoin futures today? Markets are highly volatile and this is not the first time that the price has increased more than 2000$ in a day. Get used to it, people are starting to get familiar with bitcoin and hence that should clearly explain everything. Economically I don't know exactly how is it going to work out but let's just go with the flow right now and not worry much.

The CME somehow affect the price today as many anticipated its opening for the future of bitcoin and with this coming days we shouldn't be surprise if we reach new ATH again.
While many thinks that this will be just another bubble and soon to burst out any time and they're like panicking again and spreading some fuds so they can make fuzz in the community.