AlexGR
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January 24, 2017, 01:22:27 PM

I feel $890 will be the resistance point for this drop, but I question whether we will be able to hit it.
I think if we drop to $880 then a large sell off will occur. Funny thing is the drop isn't coming from china, but they are following.

I'm not ballsy (read: stupid) enough to have fiat sitting around on exchanges to take advantage of little dips like this.

I know there are ways of insta-buying BTC, but none of them are available to me, so I'll be watching from the sidelines again...

And that's precisely the reason for higher volatility. As people become wiser and not letting their funds on exchanges, the order books become thinner.

Fat order books = High risk for exchange "hacking" / lower volatility due to inertia (=fat order book)
Thin order books = Better prepared for exchange "hacking" / bigger volatility