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RE: Crypto Space BLEEDING OUT? BUCKLE UP - recent correction AIN'T OVER just yet [my personal expectations]
When there is a pump on BTC, there will always be a price drop afterwards and this applies to most cryptocurrencies.
It is the small investors who lose the most because they pull themselves together when the price rises. When the price falls, they panic and sell their investment at a loss. When cryptocurrencies cannot have a stable value and more suffer with greater losses, this market will have a bad reputation.
BTC is a well-known cryptocurrency and it means that scammers use it to deceive people and it unfortunately takes place on a large scale.
As for the price of BTC, I will not be surprised if we get a new pump during December / January.
As always - I very much appreciate your comment @xpilar
Cheers buddy :)
@xpilar, Thanks for your comment
it's actually overexcitement and lack of knowledge! They see these sudden pumps, suddenly they also hear everyone talking about btc reaching 50k 100k 200k in months and they believe it so they invest a lot! (i heard stories about people using their houses as collateral to gather money to invest)
Then the correction is on the way, the price is going down fast and they panic as you said too, trying to cash out and "save" everything they can!