The total value of all cryptocoin currency dropped 11 percent, from today's value of $ 180 billion to less than $ 160 billion today.
But that can not be dangerous, according to a bullish analyst.
Indeed, founder of standpoint research Rony Moos (Cryptocurrencies Asset Class class said for a valuable one-day trilogy), claims that the division of price is big businessmen who want to build up the cryptocurrency even bigger positions.
When people are startled and start selling, they start to stand silently and start buying again. So it is purchased at 50,000 and the dump is 20,000 dollars, "he added.
"They are trying to remove people from the business - so that they can take on Bitcoin at a lower price".
Such statements echoed the comments yesterday, whose market analysts, most of whom claim to have long-term potential bullies, can define the definition of a "bear trap" meant to open the shopping market in current market conditions.
Even if it does not, then it is important to remember that just six weeks before, Bitcoin was trading at $ 1,800 - and it's now $ 4,400, which means the price has increased from 140 last month and half percent
"It's a healthy fix. You need to keep the perspective in this 11% correction," he said.
Beware of buyers
Fairly, Moas shows the fall as a way to encourage buyers who are sitting on the sidelines for the new wave. "Those 4 $ 800 Bitcoin do not want to chase are now their steps and opportunities to buy now," he said.
However, Moas added a major warning to her bullish feeling. As the market price is running so fast, so market dislocations are the risk of death penalty for investors.
Moas explains that he went on a major exchange yesterday to buy Bitcoin, he was filling at $ 4, 633 which is an order. Shortly after submitting the order, he went to another exchange to check the price, and saw that it was trading under $ 4,500.
When he communicates with the exchange, they tell him that he will get back to him within a few days with an answer.
"You really will know what you're doing here," he is perfect.