Quote:
Originally Posted by Regulus
They were supposed to vault higher in this environment, or did I miss something?
|
It is strange. It think it's triggered by a knee-jerk reaction of larger ('whale') traders which in turn causes general panic selling.
There's still a great deal of ignorance around cryptocurrencies too. Most people don't understand what they are, nor do they realise that they're decentralised and operate entirely independently of any government control. Stability will only come with mass-adoption and the acceptance that cryptocurrencies are unstoppable.
Still, price crashes like these are good for Bitcoin in the long term. Whenever this happens it brings new investors who were waiting for an opportunity to buy at the 'bottom'.
__________________
Mark
------------------------------------------------------
2002 FE S8 Ebony Black Pearl
------------------------------------------------------
------------------------------------------------------
Cars Owned:
The Tesla Era: 2020 Model S Performance Ludicrous+ (present)
(Black, with all black premium interior and carbon fibre décor, 21" sonic carbon twin turbine wheels and FSD capability)
The Audi Era: '97 A8 4.2 (Ming Blue) --> '96 A8 4.2 QS (Dark Green) --> '02 FE S8 (present)
The Citroen Era: '84 BX 1.6 RS --> '89 BX 1.9 DTR Turbo --> '94 XM 2.0L Turbo --> '96 XM 2.0L Turbo Exclusive --> '00 Xantia Activa 2.0L Turbo
The Banger Era: '76 1.2L Lada VAZ-2101 (Ruski Fiat 124) --> '80 1.7L Morris Ital HL, finished in Ermine White and Rust