Author

Topic: Price drop is just profit taking (Read 342 times)

legendary
Activity: 1652
Merit: 1265
January 05, 2017, 09:28:28 AM
#2
Yep it's not a coincidence that this happened just before the new ATH.

So many people bought into the last bubble at these prices. They want out and have been waiting for years to get their money back.
Alternatively some whale is shaking out all the stop-losses for profit.

As with bitcoin just HODL or take profit. If it goes down just HODL it will go up again Smiley
sr. member
Activity: 319
Merit: 250
January 05, 2017, 09:20:55 AM
#1
The price drop is just profit taking. Those who sold at the top just make more money and buy back at a lower price. I'm holding.
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