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RE: Does this kind of trading activity look familiar to anyone else?
I believe if the Lightning Network gets implemented, BTC transactions will have really low fees. This could drive the price up and stop FUD and I think it's on its way but without date yet...I think we have to see the big picture here, years from now to understand the full impact of crypto. Probably in some years we will see this red moments as nothing...
What is holding I think back? Why not lightning now?
still in development, but in ts way soon!
BTC already being too centralized as is, the Lightning Network will finalize that centralization and it'll be the end of a decentralized coin. Could just start using XRP instead. It'll be the same.
Rather than patching up an old, slow, expensive coin. Let's keep the good memories as it was the first cryptocurrency and move on to the better one's. :)
(Notice I didn't suggest which one that should be?)