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Arles · 12-22-2017, 09:26 AM

I think it's a factor of all the crap CNBC and others laid on Coinbase for the whole Bitcoin Cash fiasco. Plus, I think there has been a fraction of people pulling out money for Christmas going on over the past week.

Just google "reason bitcoin dropping" and you will see a ton of stories over the past 2-3 years panicking about a 30+% drop in a short period. I think a lot of short term investors panic when they see it starting to drop. If you are in it for the long haul, just keep cashing out small pocked of profits after a certain number and let it ride. I've cashed out about 70% of my original investment through the good times of late and bought back in this morning at 12.5K again. It seems like this is par for the course with bitcoin - I'm guessing it will be back to 15-17K by the New Year.

12-22-2017, 09:26 AM	#35
Arles Grey Dog Software Join Date: Nov 2000 Location: Phoenix, AZ by way of Belleville, IL	I think it's a factor of all the crap CNBC and others laid on Coinbase for the whole Bitcoin Cash fiasco. Plus, I think there has been a fraction of people pulling out money for Christmas going on over the past week. Just google "reason bitcoin dropping" and you will see a ton of stories over the past 2-3 years panicking about a 30+% drop in a short period. I think a lot of short term investors panic when they see it starting to drop. If you are in it for the long haul, just keep cashing out small pocked of profits after a certain number and let it ride. I've cashed out about 70% of my original investment through the good times of late and bought back in this morning at 12.5K again. It seems like this is par for the course with bitcoin - I'm guessing it will be back to 15-17K by the New Year. __________________ Developer of Bowl Bound College Football http://www.greydogsoftware.com Last edited by Arles : 12-22-2017 at 09:31 AM.