Today Bitcoin fell from $7500 to $6,700 and the price has not changed in the past 24 hours. It is at $6750 all the time.
Did something go very wrong with Bitcoin ?? -12% fall in one hour and then no trading till now..
Theres the change in the price, and it hurts, 1500 dollars lost in a few days, people are nuts calling 100 billion gold like asset a bubble.
Well, it is usual for it to hurt and those that feel hurt about it should simply just find a way to learn how to trade. It used to hurt me before but rather than feeling the hurt, I realized there was just one solution to it and that is to learn how to take advantage of those situations and now I take is as it comes with no sweat at all. What is important is to try to understand the market and know there is just so little we can do sometimes than just to play along with it in our own best way that will pay us in the future.
As of now, market started to show some recovery which means we may see the first bounce back after a worry-filled down fall. I am happy from yesterday as those support levels around $6200 are still working stronger to make prices to turn back. I am expecting now market to move up to $9800 levels in coming weeks.