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RE: Why are cryptos crashing like crazy?
I agree with your thought process here. The fact is that we are looking at it entirely the wrong way when we wonder why it's going down right now. The entire market did a 6x push UP in a matter of a couple months. That's just CRAZY growth as is. It has to give some back to correct itself and have a healthy push to the next insane level.
Good post for those not quite familiar to market growth and corrections.
If BTC breaks out then I anticipate a very rapid and strong acceleration on everything...
Interestingly when BTC is moving quickly the smaller alt coins tend to drop from what I've noticed. When BTC is moving up methodically then the alt coins start skyrocketing. When BTC is falling even in small bits the alt coins follow suite with a multiplier effect. Until we can buy alt coins without needing BTC as the anchor it remains annoying.
Either way I'm looking forward to the next bull run for sure :) just uncertainty about how the fork is going to impact things come August 1, assuming it goes off without issue.
Good point, I noticed that too... Let's see what this week brings..