RE: In a nutshell, why is the Market falling?

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In a nutshell, why is the Market falling?

in bitcoin •  7 years ago 

Spot on. I think smart investors are seeing this recent China FUD as a great opportunity to not only get cheaper Bitcoin but it will also open the flood gates for new investors who were waiting for a dip. Market correction is healthy and for Bitcoin after rising so fast beyond $10k, it was long overdue to be honest.

And to see what is going to happen, we only have to look back mid 2017 when China banned exchanges and ICO's, the market went into free fall. Shortly thereafter, it rallied back quite hard and altcoins followed. This is a massive buy-in opportunity right now, not just Bitcoin but most altcoins as well.

We are going to be seeing a new all time high when Bitcoin bounces back, upwards of $30k+ and it will be biblical.

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Definitely, at the end all the people panic selling right now will buy back at higher prices like they always do. Buy the FUD sell the FOMO ;)

Simple Words: a medium-sized player is exiting the market and the crowd is following!