What is the next cryptocurrency to reach $1,000? When will bitcoin hit $100,000? Read Fat Tony’s morning notes and evening summary of cryptocurrencies. @antonyjodonnell A post shared by fatontonybitcoin (@fatontonybitcoin) on Nov 5, 2017 at 10:22am PDT
Ahead of the new week, one of Fat Tony’s most popular posts has been on its way for over a month now – concerning the date on which “the next big drop” in Bitcoin selling pressure would take place.
It was thought that unwinding from periods of substantial price growth naturally flowed with shorter-term corrections. It came as no surprise then that his prediction came true at least to some extent last week when BTC dropped just under 3% throughout the course of one day, but particularly during Tuesday this week.
At press time Friday morning however, nearly all altcoins have made full recovery after holding onto losses over much of last week. Most are up between 5% to 9%, although there are notable exceptions including NANO (down over 15%), XRP dropping 12% overnight alone and Stellar down 16%.
Fat Tony himself appears far more confident about these movements having predicted daily declines ranging from 7-20 percent if not more earlier this month too. At present though he’s showing little signs of slowing down or trimming these predictions despite how volatile amateur sentiment can be said to turn out in