Post
Topic
Board Speculation
Re: BTC movement after today flash crash
by
mk4
on 06/08/2019, 16:03:56 UTC
i think most of these newcomers who call these price changes "flash crash" or "pumps" aren't doing it because of the volatility. they are surprised because the "numbers" are big. otherwise if price went from $22 to $20.91 nobody would have even thought about it. why because 22 is a small number but 12200 is a big one, doesn't matter if the drops are exactly equal in size percentage wise!

this will only get worse the higher the price goes. imagine what they would say when price falls from $122,000 to $116,000. they see the $6000 difference not the 4.9%

Man, this annoys me a little bit too much. It's the same caliber as the people who says that they "missed the bitcoin train" and are now investing in XRP because they think it will reach the same price as bitcoin. 🤦