Quote from: CryptoBry on May 17, 2019, 07:27:53 AM

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Right now, the cryptocurrency marketplace is colored RED as the correction is setting in. Bitcoin lost around 10% of its price after touching the $8,000+ level the other way and is now steadying at $7,300+ for now. Other major altcoins followed the same trajectory as they also shed some of what they gained the past few days. Interestingly, just a huge single transaction triggered this ongoing "crash" if I am allowed to use this term.

Just another turn of events confirming how volatile bitcoin and the rest of its gang is...one day we are all excited as it passed the $8K level and then soon we saw the red spreading like a big wildfire. However, volatility is a two-edged sword...soon it is back on the game and on track to win over the $10,000 prize.

This wild redfire could be considered as the start of a major thing coming up. Anytime bitcoin or any other coin reaches top there is at least some minor dumps experienced where a lot of big whales start buying the coins. These kind of dips are usually common before the high pump coming up so I do not think major number of peoples would mark the price fall as fatal. Instead even though falling 10%, bitcoins are up as the price for them weeks before was struggling to cross $5000 which now is above $7000 which itself is a great achievement. The price for bitcoins may cross $10,000 which would be my first target followed by second and third targets.

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