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Bitcoin Price Drop To $6k - Correlation Does Not Equal Causation
http://blockedgecapital.com/
https://twitter.com/AlecZiupsnys
https://twitter.com/TheJasonJenkins
Expect jumps like this with a lack of liquidity in the market and volume still moving lower. Shake-outs happen and will continue to happen until we see volume increase.
Last night we saw Bitcoin drop close to $6,000 once again. While the DOW had the worse day since 2016, this doesn't automatically link the two markets together. Don't be so quick to tell yourself stories.
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By Podcast by BlockEdge Capitalhttp://blockedgecapital.com/
https://twitter.com/AlecZiupsnys
https://twitter.com/TheJasonJenkins
Expect jumps like this with a lack of liquidity in the market and volume still moving lower. Shake-outs happen and will continue to happen until we see volume increase.
Last night we saw Bitcoin drop close to $6,000 once again. While the DOW had the worse day since 2016, this doesn't automatically link the two markets together. Don't be so quick to tell yourself stories.