It looks like the resistance level of 8K seems to be holding. For a moment it was a bit below 8K but now it is rallying at around $8.4K (at the time of this comment).
I hope that it fully rallies and recovers. This makes sense, the wide swings, due to the extreme newness of Bitcoin itself. Also the huge amount of people who have recently gotten more interested in the market have increased volume and thus, volatility.
Personally I've owned Bitcoin since 2013 so even a market correction like this doesn't have me too worried.
Wondering what you think about some of the alt coins, who I'm not as familiar with.
Appreciate the comment. I like certain Altcoins that have a true business with utility and also follow some of the long term trends I see in the market. Some of my personal favorites are: Neo, Stellar Lumens, Steem, Omisego, Binance, Bitshares, ZRX, LRC and some others. More speculative I like Bread, and Safex (Assuming they execute their gameplan)
Great list. Overlaps my favorites in many places. Neo, Stellar, Steem, Omisego, Monero, Lisk, Zclassic and ETH.
Stay away from bitshares. The "partnership" promotion with arisebank has to make everyone stop and wonder about the business sense of Stan Larimer. And BTS has been surrounded in controversy and screw-ups from day one. Once tarnished, hard to recover.