Bitcoin's 50-day moving average has dropped to the closest proximity to its 200-day moving average in nine months. Crossing below that level … Gear up for a 76 percent tumble from late February highs, which would take Bitcoin to a paltry $ 2,800, if the downtrend is repeated. Another gauge that …
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I first got into Bitcoin in March, just before all this nonsense between Core and BU started, and the "hard-fork" started to become more of a reality.
I bought in at a high of $ 1250, and within 3 days, it was down to $ 900. I shat myself. "Bitcoin is dead, I got in too late."
After reading hodl posts on Reddit, I decided "fuck it" and just stopped looking at the price. Within a month I was break even, and a few weeks later I was starting to see some real profit. A month after that, I was up more than 100%. Even with everything going on now, I'd be up more than I could have ever imagined.
Bitcoin is going nowhere. If you got in at a high, suck it up and hold. You only lose money when you sell.
submitted by /u/thenewsouthafrica
After rising exponentially for three solid days, bitcoin prices fell sharply on Thursday afternoon dropping over $ 500 in a four-hour period. The price has rebounded since the drop hovering above a $ 2300 per BTC average across global trading platforms.
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