Its barely a market correction by Cryptocurrency standards. It's not even the biggest drop this year! BTC is at the level it was a couple of months ago.
To me the whole thing seems pretty ridiculous (which hasn't stopped me from speculating). 10% swings are not remotely unusual and 20% changes happen fairly frequently.
I was gonna say, the low point for Bitcoin value every week is Sunday at some point. And this week's drop was just a tiny fraction more than the usual drop, and it's making it up as we speak. Calling this a crash is like saying a stock value dropping by.001 cent is a crash. It's a blip on the radar that anyone paying attention to the trend would sip coffee at rather than run from the room screaming that the sky is falling.
This isn't a plummet (Score:1)
Its barely a market correction by Cryptocurrency standards. It's not even the biggest drop this year! BTC is at the level it was a couple of months ago.
To me the whole thing seems pretty ridiculous (which hasn't stopped me from speculating). 10% swings are not remotely unusual and 20% changes happen fairly frequently.
Re:This isn't a plummet (Score:2)
I was gonna say, the low point for Bitcoin value every week is Sunday at some point. And this week's drop was just a tiny fraction more than the usual drop, and it's making it up as we speak. Calling this a crash is like saying a stock value dropping by .001 cent is a crash. It's a blip on the radar that anyone paying attention to the trend would sip coffee at rather than run from the room screaming that the sky is falling.