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RE: Bitcoin (BTC) Morning Update: Be Very Cautious!! Even with All Time New Highs Expected!!!
That's my question as well. Will altcoins go down along in bitcoin downturn? Do you recommend to exit all coins & stay in cash soon?
If the bitcoin correction is of the magnitude that Haejin is suggesting, I would expect all alts to drop considerably and many to blow up completely. He is suggesting bitcoin dropping ultimately to under $500, that's a 90% drop. If that happens, the vast majority of people will back out of crypto entirely, especially those who only bought in recently. People will lose there shirts. There will be blood on the streets etc etc. That's when to buy back in! Buts that's if.....