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RE: The beginning of the end?

in #bitcoin7 years ago

With such a massive bullrush through 2017 a pull back was expected. bitcoin needed to consolidate and its good for the market everyone points out saying OMG it did a 50% pullback thats unheard of. But you have to put it in perspective. Yes 50% is massive if you only have a 10% yearly gain but when you go up 3000% then 50% isnt so bad its actually pretty small

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I agree and with so many of those bulls being newbies it just adds to the volatility mainly from panic selling. A lot of people went into bitcoin without even knowing what they're buying.