Post
Topic
Board Bitcoin Discussion
Re: Bitcoin over $10,000 for the past 66 days
by
uray
on 13/10/2020, 18:28:50 UTC

The volatility of the market can not take into account how other external economic factors might influence the market value of crypto, and thus can never be expected that dumping or jumping in whatever proportion will no happen.
For sometime the outside economic factors are having a major influence on the cryptocurrency market and it is spoken here in the forum as well that the changes in the stock market is directly influencing the bitcoin and cryptocurrency market.

I think if people assume that BTC can not go below 10k and start investing only to find out that it can, it would be a petty and not to mention a huge risk.
The price can go in either direction as we have seen a fall in price last time which was around 70% when the bitcoin market corrected and right now if we have a 12% correction we would go below $10k.

I was not fully aware of the fact that the price was above $10k for the past 60 plus days even though i know it was above for quite some time, what it shows is that whenever the market is correcting there are huge investments coming in to hold the market.