Quote from: magneto on September 11, 2018, 10:04:30 AM

Quote from: Harrisonimo on September 05, 2018, 12:18:33 PM

So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?

I wouldn't attribute this fall in price over the last few days to the SEC at all, or at least it's not the only reason why bitcoin prices have fell.

The biggest reason that I can think of is still the fact that the last rally was pretty unjustified, and thus ended up as a bull trap of sorts. It's definitely hard to see any bullishness coming out of the market with a sentiment that is currently this bearish, and it definitely makes sense for this correction to have happened rather than not.

Secondly, Goldman did announce previously that they will put their trading desk project on hiatus for now, which may have sent panic waves through the market, even though I'm not buying that story particularly. IMO, this dip offers up a great opportunity to accumulate.

I think the last week bitcoin and altcoin showed a green and stable move moving up slowly, but starting from yesterday they have fallen very large. I don't know what influenced the unstable crypto this year..