Bitcoin's most volatile day EVER! Over $2k in the last 24 hours

[Lucius]

There was a question for days when the correction will take place and it happened yesterday lowering the price from 11000$+ to 9000$ in very short time.I think we all agree that this must happen sooner or later and that this is something that is repeated after each price pump.It will take some time for things to calm down,and every potential buyer got a chance to buy some BTC under 10k$.

Some people take advantage of such situations and make profit,others sell in panic and have losses-some users just hold and like hatshepsut93 say always looking at the bigger picture.

[Wind_FURY]

So when it falls by 17% it is incredibly volatile and something needs to be done.

I agree, but what?

What about the 2 days prior when the price went up $3000?  Even in the depth of the flash crash, the price was up for the week!  I understand that some people will have averages of above $10k now (crazy) but a short term crash that recovers quickly isn't a new thing it bitcoin. The actual size of the crash was probably the biggest ever, but the percentage was fairly normal.

A recovery is always expected to happen until it stops happening, or worse, if the price action starts reversing and goes down more and more.

I believe Bitcoin will become a victim of its own market. When the right time to short sell comes, expect the wise traders to be there first. 

[CornCube]

Bitcoin's most volatile day EVER! Over $2k in the last 24 hours

On a percentage basis your statement is false.

We had -40% drops in June/July and Sept.

Afaics, the volatility is decreasing.