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Blockchain, cryptocurrencies, and insider stories by TNW.

Bitcoin lost $2,000 in a single day, but that’s okay – right?

Bitcoin BTC made cryptocurrency enthusiasts’ heads spin this week when its value first crossed $10,000 two days ago, and then surged past $11,000. But it also alarmingly dropped by more than $2,000 within a few short hours of crossing that milestone.

Perhaps you don’t really need to worry – at the time of writing (5:38AM GMT), Bitcoin looks to be hovering around $10,370 – up from its low of $9,749, as per Coindesk.

I’ll be honest, I’m terribly risk-averse, so this roller-coaster ride makes me uneasy – but I understand that this is par for the course for folks entrenched in the crypto scene. Everything will be okay.

I think.

Published November 30, 2017 — 05:53 UTC