• Dec 06, 2021
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  Bitcoin tumble

  
  

  It went down about 20% in an hour or something, amidst it's few-day drop and small rebound to $42k. It was around $57 before I think.
  

  
  

  The whole market dropped significantly several days last week, on news headlines about a new strain of the virus. Rebound today for most stocks.
  

  
  

  On bitcoin though: 'These cycles will continue to play out for three reasons. The first of which is there's higher volatility in crypto; there aren't circuit-breakers that we have in traditional finance, so nothing that can keep a floor after things start going down really fast; and the market never closes, so there's not really an opportunity for information to be digested once this cascading effect takes hold.' - Frank Chaparro

  
  

  #Crypto
  

   
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  <div><b>Bitcoin tumble</b></div><div><br></div><div>It went down about 20% in an hour or something, amidst it's few-day drop and small rebound to $42k. It was around $57 before I think. <br></div><div><br></div><div>The whole market dropped significantly several days last week, on news headlines about a new strain of the virus. Rebound today for most stocks.<br></div><div><br></div><div>On bitcoin though: 'These cycles will continue to play out for three reasons. The first of which is there's higher volatility in crypto; there aren't circuit-breakers that we have in traditional finance, so nothing that can keep a floor after things start going down really fast; and the market never closes, so there's not really an opportunity for information to be digested once this cascading effect takes hold.' - Frank Chaparro</div><div><br></div><div><a href="http://landandseajournal.com/post/hashtag/Crypto"><a href="http://landandseajournal.com/post/hashtag/Crypto">#Crypto</a></a><br></div> 

  Bitcoin tumble

  
  

  It went down about 20% in an hour or something, amidst it's few-day drop and small rebound to $42k. It was around $57 before I think.
  

  
  

  The whole market dropped significantly several days last week, on news headlines about a new strain of the virus. Rebound today for most stocks.
  

  
  

  On bitcoin though: 'These cycles will continue to play out for three reasons. The first of which is there's higher volatility in crypto; there aren't circuit-breakers that we have in traditional finance, so nothing that can keep a floor after things start going down really fast; and the market never closes, so there's not really an opportunity for information to be digested once this cascading effect takes hold.' - Frank Chaparro

  
  

  #Crypto
  

   

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