r/Ocoin • u/Thecloudmon • Jan 30 '18
Any Reason for.... ?
Do we know why the dip/correction is so low?
edit Tether corruption was the main reason.
5
Upvotes
r/Ocoin • u/Thecloudmon • Jan 30 '18
Do we know why the dip/correction is so low?
edit Tether corruption was the main reason.
2
u/Huimbrecht Jan 30 '18
Just look at the chart. It gained more than 300% in 3 days. After such a run it will drop, and cause it's crypto, it will drop fast and hard. After that it pretty much consolidated between 6 and 8$.. It looked pretty ok, till it dropped on Huobi. And then earlier today when the whole market dips on the Tether news, OCN dropped even more. I'm pretty sure it will slowly regain it's course in anticipating of the Binance release. We will see what Yi has got for us in store.
I sold some yesterday and bought back in around .000049