Bitcoin briefly hit $12k last night before plummeting shortly after
And I am not sure if plummet is a strong enough word.
Bitcoin literally erased the last couple days of gains in minutes as the price dropped all the way down to $10,600.
And again, this happened in mere minutes:
(Source: ~~~ embed:1289784025968603137/photo/1) twitter metadata:TU1jcnlwdG98fGh0dHBzOi8vdHdpdHRlci5jb20vTU1jcnlwdG8vc3RhdHVzLzEyODk3ODQwMjU5Njg2MDMxMzcvcGhvdG8vMSl8 ~~~
The price has since recovered slightly, currently trading around $11,200, but a long ways from those highs still.
It's funny how $11,200 felt pretty good a few days back and today it doesn't feel so good.
It's all about perspective I guess.
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Volatility is back. It is never far away with Bitcoin.
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HODLers have no problem with this.
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My plan is sell some in mid to late 2021, whatever price that is, based on the cycles.
Well never been a Bitcoin fan boy, but I did enjoy the Eth ride to $400. Now that was a sight for me and it didn't drop as significantly as Bitcoin did. Just a minor retracement
Many alts outperform bitcoin, it's just a matter of picking the right ones. HIVE has not performed well thus far.