Now let me tell you , yesterday was a wild ride!
Many of us who have much invested were glued to the charts as bitcoin broke through the $10,000 usd barrier people have dreamed of. But it didn't stop there, oh no it just kept on going all the way up to approx $11400 usd! What an impressive surge! After reaching far beyond what most experts predicted it finally had a meaningful correction, all the way down to appr $8700 usd. With $1000 usd 30 min red candles it broke down rather quickly like it usually does. Bitcoin once again showed its strength and recovered approx half of it's downward correction and has been floating around $10400 today.
From my experience and many may not agree this time but typically when bitcoin has a meaningful correction like the one last night, it tends to cool off and consolidate for a while. Its very important to look at the trends from past charts to see that when bitcoin consolidates for a a while, altcoins finally have a chance to really experience sustained growth like! Many of the top alts have already experienced some healthy gains just before bitcoin went haywire but it came to an abrupt halt as bitcoin did its thing.
Will altcoin continue where they left off and experience more growth now? Only time will tell but I'm not waiting around any longer I know from what I've experienced in the past that this is an excellent time to pick up coins like steem that are dark horses just waiting to explode!
