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After the Worst Crypto Flash Crash of All Time, Is Bitcoin Still a Buy?
Flash crashes are like pop quizzes for investors in the sense that they're uncomfortable, revealing, and an opportunity to succeed for those who are prepared. In that vein, the crypto market just got one of the roughest surprise exams in its history, with its worst-ever flash crash on Oct. 10. That brought on a hurricane of uncontrolled selling and forced unwinding of leverage that buckled some of the foundations of the crypto-financial system. Amid the chaos, Bitcoin (BTC 0.69%) bent, but did not break, especially not in comparison to many of its peers. Compared to where it was just a few days ago, on Oct. 6, as of ... (full story)
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