Post
Topic
Board Trading Discussion
Re: Bitcoin Drops To New Lows at $6,600
by
patt0
on 12/06/2018, 22:10:13 UTC
Sharp decline follows negative news, after the hack of a small South Korean crypto exchange.


Read Bokka Crypto Technical Analysis BTC/USD 12.06.18: https://bokka.com/cryptocurrency-news-bitcoin-drops-to-new-lows-at-6600

That is all FUD, and news sites trying to get web traffic for their sites, by showing those headlines, and trying to create relations where they don't exist. Crypto doesn't really react to news like that, otherwise it would be rising in value, because it's actually improving from a technical point of view. Normal declines happen, because the interest in buying crypto has decreases, which is perfectly normal after what happen last year. I mean, the price went up to fast, without any developments happening. Now it's development needs to catch up with it's price. What sites do, is to get any piece of information they have, and they simply create a relation, even though they can't really prove it.