Are the Weakest Hands in Cryptocurrency Officially Shook?
Are the Weakest Hands in Cryptocurrency Officially Shook?
After the entire market capitalization of the cryptoeconomy dipped below $300 billion USD in the wee morning hours of February 6th, virtual currency traders started seeing prices not seen since months ago. Have the uninformed, purely manic profit chasers ...
Read more: bitsonline.com
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I actually think a lot of the week hands have been thrown out during this last couple of days.
HODL and profit.
I would say that investors having the "get rich quick" mentality have left the space in a loss. The market behaviour really explains the naive mentality of investing in something that is oversold in the hopes of getting higher and higher. It first happened with bitcoin 20K then ripple $4 etc. Everyone wants to see their investment grow by 10x, 100x but no-one has patience. We are at a very healthy market cap...until we reach new ATH, just HODL.