JayJuanGee
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How much alt coin diversification is needed? 0%?


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October 29, 2016, 11:57:42 PM

so how do we reckon bitfinex is gonna murder this run? surely it's too soon for another hack or outage. i'll expect something genuinely creative from them this time around.

Even though they have a track record of a couple of "coincidental" market ruining experiences, they  are not the only exchange or entity that could cause either a reversal of this uptrend or a flattening out.

Also, there is a certain amount of market dynamics in which any kind of news can become inflated in order to take advantage of the "need for a correction."   In that regard, a small correction could start and become exacerbated by FUD or actual malevolence... We always gotta be prepared for corrections (even exaggerated corrections), and those kinds of market dynamics are not unique to bitcoin.. even though we may be trying to correlate bitcoin experiences with other kinds of markets and asset classes in order to attempt to better predict where it is going to go and what factors are going to affect the quickness and intensity of any of its directions.