Bitcoin is currently down a whopper of 5%, but taking into consideration that the cryptocurrency was up a whopping 12% in the last 10 hours and managed to reverse course and shed an additional 5% has caused many skeptics to wonder if the mega cryptocurrency is now entering a corrective phase or if this is the sudden pause just before a spike up to $3,000USD.
Depending on when you bought in, you could have just experienced a significant loss upwards of a million dollars.
Leave your comments below:
- Bigger correction coming
OR
- This is just a brief correction, buy the dip and ride it to $3000!
I'm going with "buy the dip"!
Although new to crypto, I bought Bitcoin today. Buying for the long term with a bullish attitude.
Also bought some Ethereum.
The cool thing is, I was using my Steem to buy, so it's all "play money" to me, anyway.
If Cryptocurrencies are anything like other markets, today was a good time to buy for the long term.
Today everything is on sale! :-)