Quote from: Dollar_Hunter on Today at 01:06:28 PM

Quote from: 19Nov16 on Today at 08:13:22 AM

Did not expect that today there was a correction which I think was big, the price corrected more than 4% and made hopes that the price would soon touch $30k has not been reached, hopefully this is not a big panic that has ever happened like the LUNA or FTX case, and I'm still optimistic that June price will pass $30k.

Bitcoin is very different from Luna and FTX mate, you have to distinguish about that,
FTX and LUNA are bankrupt because their project made a mistake and their CEO became a scammer,

Also, more relevantly, the recent lawsuits against Binance and now Coinbase is completely different from the FTX situation. FTX went bankrupt as they never held their reserves 1:1, whereas Binance and Coinbase appear to be relatively solvent (only time will tell of course). Looking at exchange balances of Bitcoin for example, investors/traders aren't panicking and withdrawing lots of coins from these exchanges right now, instead it's likely they're trading this news or buying the dip even!

Ultimately we only saw a -5% decline yesterday, which isn't very significant as a form of panic selling or capitulation. Of course price could drop -10-20% within a single day or by the end of the week, but so far the correction looks relatively tame, with few people really panicking who may be expecting the worse such as re-testing the lows around $15K or falling lower.