You are viewing a single comment's thread from:

RE: The Crypto Market Bleed

in Project HOPE4 years ago

Hi @doyoy

I honestly consider recent crypto market bloodbath as a possible "turning point". My experience tought me, that if price is crashing and volumes are raising (and volumes spiked up to super high levels lately and did hold for quite sometime) then it means one thing:

  • crypto is moving into hands of those investors, who are willing to open their positions during massive panic and fear.

And those kind of investors are usually "the pillar" for upcoming bull markets.

So we may witness some more dumpage happening, but seeing how recent crash and all that dump being BOUGHT UP around 30k is giving me only optimistic view on the future price.

Cheers, Piotr

Coin Marketplace

STEEM 0.04
TRX 0.33
JST 0.083
BTC 62069.28
ETH 1614.34
USDT 1.00
SBD 0.45