RE: Crypto Lag

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Crypto Lag

in bitcoin •  8 years ago  (edited)

Good job mate! As for the market going sideways though, without looking I'd guess it's a mixture of:

  1. Folks holding onto fiat for now instead of buying, just in case
    • Cause: ”Flippening” FUD and sensationalism
    • Effect: Diminished buying → sellers lower prices in response → buyer’s market created
  2. Noobs who just bought in recently after the huge Q2 ’17 alt-coin hike panic-selling
    • Cause: See problem #1… !
    • Effect: Problems #1 and #2 compounding each other

It should be held up by the smart people who realise that certain alt-coins being 25% down in 24h means they can potentially grab 33% more than they could have grabbed yesterday.

We’ll see what happens... Personally I hope the global market cap goes down 50% so I can go on a bargain basement run before August! 😂

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