I imagine most of you are wondering what happened earlier today in the crypto world since #BITCOIN dipped Nearly $600 USD over the course of one day!
If you look at the sell orders on #Poloniex or other #Exchanges you notice that during that time there were large sell orders during that time, possibly by Bitcoin whales. What counteracted it during that time the buy volume increased!
I imagine that quite a few people where waiting for bitcoin to drop at a rate similar to that, as it began to rebound with a loss at the time of this post of only in the 300 dollar range.
So it appears to be a price correction! No need to fear or sell bitcoin at this time in my opinion. I don't see it crashing down to under $1000 at this time with so many people interested in the platform and constant news articles.
Google trends is still showing great stride for Bitcoin
I would watch the market if heavily vested with bitcoin, but my personal opinion sees it reaching records we could never dream of!
