Why were gonna see a 30-40% drop in a majority of coins
The amount of new users joining daily is insane, the amount of prep cryptocurrency has been getting is extraordinary as well. BUT people are maxing our credit cards, refinancing their mortgages just to buy into Crypto.
SENSE OF EUPHORIA PEOPLE!!!
Bubbles gonna burst soon...
It is possible.
We need to cash out !
Yes we do.... Just trying to see how high my profit can reach before we hit the dip!
Every day A LOT of people start investing in cryptos these days. With a total crypto marketcap only going up, the market MUST go up. This won't stop in the short to mid term future. So I strongly think that a drop for the majority of coins will not happen anytime soon. I do think sometime soon it will happen to BTC since that one has gone up too fast. But the prices of most altcoins are still really low.
You might be right but I am not betting on a pullback, I'm hodling and if it does go down, I'll strengthen my positions. I don't expect a pullback yet, the new people will want to wait till they are up a little before selling, I would say we might start seeing a correction by the time BTC=15000 at least.
It's mid-morning in Asia as of this reply, how the rest of the day plays out will tell a lot.
No offense meant, but where are you getting that figure? It's one thing to anticipate a drop, but where is the credibility in announcing a percentage range?