IOTA price down like predicted

Hi fellow cryptocurrencies enthusiasts a quick post about a prediction I did yesterday. 

Here's the post I'm referring to: https://steemit.com/iota/@playforpleasure/iota-will-plummet-again

I know you can't predict how the price will develop and it's just speculation but I think is fun to try to and till now I've been right every time:) Of course this post is no investment advice, it's a prediction based on my own research and believes. That being said let's dive in to the post.

When IOTA first hit the exhanges it's price plummeted (in this article I explain why from my point of view and I predict the price almost exactly right: https://steemit.com/cryptocurrency/@playforpleasure/why-iota-has-decreased-so-much-last-week-when-it-hit-the-exchanges)

After the price plummeted it went up againI predicted IOTA's price would go down again. I think this has a lot to do with short term investors. Short term investors are in it for the short run, they want to make quick money in this high volatile market. Because these short term investors want to make quick money they will sell when a currency has quickly gone up. In the short term this almost always causes a quick fall after a price spike. That is just how it goes in these high volatile markets. 

What happens after the price goes down is people get fearful. Often when people on the exchange get fearful they start to sell, which leads to more supply then demand. That causes the price to go down even further. 

Let me know what you think and if you can think about the price will go down or up the upcoming week if you're buying or selling (or holding). If there’s anything you would  like me to cover or to clarify just let me know in the comments. And of course if you have questions about IOTA or cryptocurrency in general let me know via a comment and I will do my best to provide you with the best information I can give.  

If you’ve appreciated this post please don’t forget to upvote.  

All the best,  

Nathan