Dow Falls 175 Points on Awful Retail Sales Data While Bitcoin Price Continues Slow Bleed

A historically-abysmal decline in consumer spending crushed the US stock market on Thursday, causing the Dow to open to triple-digit losses just hours after it looked like the index would continue its mid-week rally. The bitcoin price, meanwhile, continued its slow bleed down toward interim support at $ 3,550 and could very well be on the verge of another large sell-off. Weak Retail Sales Report Crushes Dow at Thursday Open As of 9:37 am ET, the Dow Jones Industrial Average had dropped 176.86 points or 0.69 percent. The bearish trend rippled throughout the wider stock market as well, pushing the S&P

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The flood of fud-trolls continues unabated on r/bitcoin. There is a serious effort by many dedicated trolls to keep posting fud in every single thread. I notice right away because I have them tagged. This can’t be just ‘casual’, somebody is paying good money for that.

My guess: The financial whales that are making hundreds of times the money they pay for that, by pushing the price down and shaking the weak masses out of their coins.

Just HODL, and keep accumulating. These bearish periods are exactly the best times to buy.

submitted by /u/simplelifestyle
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