Major Sell Off Continues

in #crypto5 days ago

btc markets.jpg

Personally I was expecting a massive sell off some time in the middle of December and well it doesn't seem like I'll be disappointed. Now some people will say it's horrible etc but these would have been the crazy people buying at the top thinking there never would be a correction. This is not a small correction by any means either as the markets have been over inflated for a long while now.

Ethereum itself has gone from $4,000 per token all the way down to around the $3,300 range and bitcoin itself from it's $107,000 all the way back down to $93,000 a massive sell off across the board. In fact in the last 24 hours there's only one token that's had a rather positive move and that's the move token. Everything else has seen a roughly 20% correction and there still might be more to come. I'm expecting us to return to around $80,000 - $85,000 range which is around the mark we were at before trump got elected. Because honestly nothing has changed at all for the crypto markets besides trump winning. He's not exactly in power just yet to do anything that's still a few weeks away. Then it's going to take weeks if not months or years to actully get pro crypto bills passed through the house before we see any real action.

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The sell off gives us all an opportunity to buy more Steem for less. My upvote is worthless

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