[2017-06-15] Bitcoin Tumbles Most in More Than Two Years After Record Run

[White sugar]

Bitcoin Tumbles Most in More Than Two Years After Record Run


Bitcoin sank as much as 19 percent, putting the digital currency on pace for its worst week since January 2015, as volatility climbs following a record-setting surge in the price.

After flirting with $3,000 on Monday, the cryptocurrency has retreated to as low as $2,076.16 in intraday trading. Other digital coins are also falling. The decline coincides with a slide in technology stocks that began after a report from Goldman Sachs Group Inc. warned that low volatility in the biggest tech stocks may be blinding investors to risks like cyclicality and regulation.

http://business.financialpost.com/investing/trading-desk/bitcoin-tumbles-most-in-more-than-two-years-after-record-run-1

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[veleten]

we are all gonna die,sell immediately  
"The decline coincides with a slide in technology stocks that began after a report from Goldman Sachs Group Inc. warned that low volatility in the biggest tech stocks may be blinding investors to risks like cyclicality and regulation." - what makes the author think that this was the reason?
there is no single reason to  have all of the cryptocurrencies drop value
apart from being manipulated and interconnected and tied in this way or another to bitcoin price
when bitcoin drops almost every cryptocurrency drops immediately
so watch bitcoin and you will be able to predict other markets

[1Referee]

It's funny how these articles try to exaggerate this whole situation, while if you remain realistic, and focus on current market circumstances, poor overall buy support, people looking to cash out profits, etc, these fluctuations are completely normal. Let the price bounce up and down within even wider ranges - for me that's money in tha bank, or better said, Bitcoins in tha wallet.