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RE: Cryptocurrency market grave selling, are we done or not?
Thank you for your comment @pk170!
Yeah I agree with you on many points here. What I illustrated here is a possible scenario. I fully agree with you that I would like to see more of the bad news for me to fully believe history's gonna repeat itself. However I must say there is still such case possible. Especially if we're gonna see another leg down making lower low then I believe it's nothing than the catastrophic crash.
So I personally will be cautious about such scenario and adapt my porfolio to it on the next rise.
PS: Love the picture, had me dying...
Of course. Talking about crypto this will always be a possible scenario. Even in the stock market which is supposed to be way more stable it would be possible to se a total collapse.
What I would also like to ask is what sets the difference bitween a colpase and a correction? While bitcoin got close to half of its peak value, let’s remember that this high price was really shortly lived, while the current price is still higher than a couple of months ago.
Crypto market is highly volatile at this point, and, while risky, that’s one of the main reasons it is so interesting.
Glad you liked the image! It’s one of my favourite memes!