As a trader and adviser on Bitcoin Seoul, Bobby Kim warns his subscribers and followers to stop buying or selling Bitcoins. He frantically posts, “It’s not safe right now. I gotta tell everybody to get out of the market,” on his Twitter account and Navar Band chat rooms about the looming downturn of Bitcoin. Kim says that it becomes increasingly tricky to read the market, when the banks swoop in to buy big on the dip. Surprisingly, the market dropped 10% before rebounding, later that day on July 25.
Source: igaming news
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