RE:RE:bitcoin sell offRedneckcopper wrote: Yes the miners. Bigg makes money on the way down too cause people panick and sell. That's the beauty. Netcoins is a cash machine
Absolutely true. But
if Bitcoin corrects and is still falling Monday morning it will have a negative effect on the attitude of holders of some crypto stocks that are currently overpriced. It's a reminder that what goes up is liable to go down so book your massive profits. If BTC price is rising high volume of BTC is guaranteed but if it's falling after the fall volumes usually fall off. BTW IMO BIGG isn't overpriced by a long shot.
I suspect a correction won't be drastic. BTC is anticipating problems with fiat currencies. Also tons of people are using BTC to get their wealth out of troubled countries - like China (Hong Kong). GL