Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Bitcoin correction?
by
hugeblack
on 11/03/2018, 08:41:59 UTC
Quote from: https://www.thebalance.com/stock-market-correction-3305863
  • A correction is a reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index to adjust for an overvaluation.[1]
  • A stock market crash is when the 10 percent price drop occurs in just one day. Crashes can lead to a bear market. That's when the market falls another 10 percent, for a total decline of 20 percent or more.[2]

So it's Bitcoin crashing.
The supply and demand rules have made 10,000$ as a stability point.
Price can be restored to 4000 but we need very bad news [Bitcoin ban, Network fee,....etc].
Sources:
#1 https://www.investopedia.com/terms/c/correction.asp
#2 https://www.thebalance.com/stock-market-correction-3305863