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You are here: Home / Google+ Posts / Bitcoin drops below $10,000

Bitcoin drops below $10,000

January 17, 2018 by Paul Spoerry 3 Comments

 

This may or may not be the reason. It was due for a correction after an insane year of growth (all crypto, not just BTC). On top of that traders and whales could be taking profit for taxes. It's also bonus season so whales could be pushing down the price to get Wall Street money in and to buy back and a lower price (crypto is highly manipulated).

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Filed Under: Google+ Posts Tagged With: HODL

About Paul Spoerry

I’m a groovy cat who’s into technology, Eastern Thought, and house music. I’m a proud and dedicated father to the coolest little guy on the planet (seriously, I'm NOT biased). I’m fascinated by ninjas, the Internet, and anybody who can balance objects on their nose for long periods of time.

I have a utility belt full of programming languages and a database of all my knowledge on databases... I practice code fu. Oh, I've also done actual Kung Fu, and have a black belt in Tae Kwon Do.

I run. I meditate. I dance. I blog at PaulSpoerry.com, tweet @PaulSpoerry, and I'm here on Google+.

I'm currently work for IBM developing web enabled insurance applications for IBM and support and develop a non-profit called The LittleBigFund.

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Comments

  1. Mike AnabaMike Anaba says

    January 17, 2018 at 9:32 am

    So what should we do

  2. Adam AlexanderAdam Alexander says

    January 17, 2018 at 3:21 pm

    +Mike Anaba: What you should do is realize that past performance is not an indication of future performance in any investment medium, including non-physical commodities such as cryptocurrencies.

    Have a diversified portfolio. Accept that all investments involve risk. Do not make investments using funds that are necessary for other purposes.

  3. Paul SpoerryPaul Spoerry says

    January 19, 2018 at 7:27 am

    I agree with +Adam Alexander. Crypto is exploding but it's still highly volatile and prone to swings (and manipulation). Some provide real world use and are very cheap (Sia) others are not even decentralized crypto (Ripple – why people are nuts over this one is beyond me; yes I trade it though), others do NOTHING yet, and yet others solve real world problems (like privacy… Monero). Only invest what you can lose and realize it could moon or crash at any point.

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