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RE: Crypto Carnage Continues - Bitcoin Back Below $7,000, Ether Under $400
When the bitcoin reached 20k many people made a LOT of money
which sold to obtain the desired profits, and from there many people have begun to sell also by emergency.
The money earned by those people who sold at 20k in December is SO GREAT that 3 months is not yet enough time for them to start investing (buying) again, inject a lot of money and stabilize the buying and selling market.
for now with so many people selling for emergencies the market will continue to fall but when it goes down it also becomes more accessible for those who inject the money so everything is a matter of time for it to go back up
Yes, we will need help from cryptocurrency whales as well, but I believe the most important thing is that new money gets into this developing market. Cryptocurrency will never have mass adoption and HUGE gains without support from wall street, big institutions, and also everyday people getting involved.