Yesterday, the price of Bitcoin plunged from $10,908 to $9,723. Nearly 11% in just 13 hours.
If that happened in the U.S. stock market. In the crypto world, even with 10% crashes, most folks barely bat an eyelash.
Crashes of 10% or more in a single day are not uncommon. They happen pretty frequently, actually. So do 10% surges. Also common: 10x gains like Bitcoin investors saw in 2017.
What about last year's horrible Christmas Crash that saw Bitcoin plunge from an intraday peak of about $ 20,000 to less than $ 10,000 in two weeks flat?
Can you imagine the morning’s news headlines in the news paper ?
"WORSE THAN 1929!"
or ..
"TRUMP FLOW BITCOINS BECAUSE HE DIDNT'T HAVE HIS FACE ON IT" :)
If that happened in the U.S. stock market. In the crypto world, even with 10% crashes, most folks barely bat an eyelash.
Crashes of 10% or more in a single day are not uncommon. They happen pretty frequently, actually. So do 10% surges. Also common: 10x gains like Bitcoin investors saw in 2017.
What about last year's horrible Christmas Crash that saw Bitcoin plunge from an intraday peak of about $ 20,000 to less than $ 10,000 in two weeks flat?
Can you imagine the morning’s news headlines in the news paper ?
"WORSE THAN 1929!"
or ..
"TRUMP FLOW BITCOINS BECAUSE HE DIDNT'T HAVE HIS FACE ON IT" :)