Crypto Rush

Discussion in 'Digital Currencies' started by hyphenated, Jul 22, 2017.

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  1. hyphenated

    hyphenated Active Member

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    An interesting day yesterday - all the coins I track and/or have a stake in had an upward take-off:

    BTC went from US$2337 to US$2839 (it's back to US$2668 as I type) - a twenty percent move; LTC and ETH were around ten percent. It appears it was triggered by inrush on BTC because of a SegWit milestone being passed, although various commentators point out that problems may still arise.

    I ended up shuffling a few assets to catch the differential in BTC; but what goes up may well come down even faster.

    I suspect that the market was poised, and various traders rushed in. It will be interesting to see whether the tide drops again, or whether a new bottom is created.
     
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  2. southerncross

    southerncross Well-Known Member Silver Stacker

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    Sideways for a little bit to consolidate and get ready for the next spike upwards.
     

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