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We were literally at $27K yesterday and still are with the difference that people are now panicking

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by COINS NEWS 54 Views

The price was literally 27k yesterday. No one knew that it would go up 10% in a day, getting us to $30K.

Just as no one knew that it would drop down to 27k in a short time.

Unless you bought in that short time period of less than day where it was like 30k, you don't really care. Some short price drops don't have any affect in the long term price.

It's more so that everyone keeps screaming Manipulation that we got some new FUD which keeps dropping the price even lower. People panicking over the price drops drops it even further. If Bitcoin is to be an actual currency, it all depends on people's trust and I don't see that happening if any small volatility of this sort scares away everyone.

It always corrects itself after a day or two, always has until now. Even though historical trends doesn't mean much, neither does such short term price drops.

Unless you were trading 100x leverage, you shouldn't really care or think that this time it's failing. Day traders, people who use leverage, these are the people who care about hourly prices. Who cares if your purpose in investing is to aim for long term? This has 0 effect on that.

submitted by /u/Elie0_0
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