Bitcoin News
By Dan Saada
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Buying in to any asset, the most important thing becomes the right entry price. With the price of BTC trending the way it is, it is becoming difficult to define the norm for…
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Bitcoin first started trading from around $0.0008 to $0.08 per coin in July 2010. Recently, “crypto analysts and even one famous wallet investor predicted the price of bitcoin…
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Naysayers are now thinking about how to buy in to BTC. Many of them who missed the profits from swing trade are also rolling up their sleeves to identify the right time to…
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Anytime the price of the BTC goes down, there is a lot of discussion happening about crash and correction.
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Coin desk tried clarifying by pointing to the difference between the crash and the correction.
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Mostly large crashes are because of major changes in fundamentals, important company announcements, and major changes in regulations and policy matters.
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Before that, when the U.S. Financial Crimes Enforcement Network (FinCEN) required exchanges to register themselves as money transmitters, the prices fell drastically.
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However, when it comes to correction, it is a gradual decline and the price will drop more than 10% over the course of many days. Minor events can also influence corrections.
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Whether by correction or crash, being a highly volatile asset the price of Bitcoin will fluctuate significantly over a period of time.
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