We are all hoping for the next bull run, and many thought that the last week showed promising signs.
And then, today we have another price correction.
You can theorize all you want: maybe it's because of the mew hack, maybe it's just whales manipulating the market.
But the most simple answer, is that open markets routinely price correct as demand and supply constantly shifts.
In the case of a speculative, unregulated, and young market like crypto, the swings are more pronounced.
I think that what we will see here (and what I hope for more than anything), is that the market and investors grow up and stop throwing money at shitcoins.
The next bull run will come, I'm thinking mid may to late may.
And the coins that will perform the best, and throughout the year will be the ones that have an actual product and real world use case.
This is just normal when it comes to crypto market. We all know that crypto values are very volatile in nature. The market corrects itself and this is really a good thing for every coin that we want is on sale. We will be expecting a huge bounce back few weeks from now. Hopefully the dip wouldn't be that much until its uptrend again for almost all cryptos.
Seeing reds in the market is an opportunity for traders for that is the time that they can play their game. We need to take advantage of this event cos whether we like it or not another green train will come.
We are all hoping for the next bull run, and many thought that the last week showed promising signs.
And then, today we have another price correction.
You can theorize all you want: maybe it's because of the mew hack, maybe it's just whales manipulating the market.
But the most simple answer, is that open markets routinely price correct as demand and supply constantly shifts.
In the case of a speculative, unregulated, and young market like crypto, the swings are more pronounced.
I think that what we will see here (and what I hope for more than anything), is that the market and investors grow up and stop throwing money at shitcoins.
The next bull run will come, I'm thinking mid may to late may.
And the coins that will perform the best, and throughout the year will be the ones that have an actual product and real world use case.
Whatever everyone else thinking about that as long as bitcoin is not breaking $8k barrier and it's no problem for me.
The chart looks stable right now after a little correction. "comeback" will have made by crypto as soon as possible. It's just the matter until people are rushing to the cryptocurrency again.
I agree with you on this but we can't really tell when is this bloodbath will end. I'm hoping as well that $8k support will pump btc value again so that it won't fluctuate that much back to where it was last month which is frustrating.
I do believe in the technology so whatever happens to its values as long as we are all positive that by the end of the year all cryptos will shine and skyrocket. Always remember to invest an amount that you can afford to lose. Take advantage on the crypto sale for green trains will come soon again!