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RE: Let's Talk—Are Cryptocurrency Markets Cyclical In Their Behaviour?

in #bitcoin6 years ago

Very interesting trend to be aware of.

My gut tells me that, in some way, markets are a bit cyclical and that we are heading for new highs in Q2. I think it depends on what governments do in response to the continued rise of crypto.

I don't know to what extent this market activity is coordinated, but whales conspiring to move markets could be a factor. That's total speculation, but it wouldn't surprise me.

I took profits from a few different things in order to purchase a new computer and pay down some debt, and I'm glad I did. I just wish I had a few extra dollars lying around to buy back in at lower prices...

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