We see the 50% loss for Bitcoin and many other Cryptos from their high’s a few weeks ago.
What happened and more important..what now?
Nobody can truly know for sure if whales or China news or other cause the extreme sell off.
I have strong feeling that the cryptos are “rebalancing” what will be the leaders. Meaning Bitcoin was the leader and now people are realizing that proof of work cryptos like BTC perhaps are not the future.
Now you see a “sell off” in BTC and what you don’t know is that “others” are now buying what will be the stronger cryptos going forward…but they want them at “low prices”.
Which ones? Well …we can’t be 100% sure…but I think Bitcoin Cash, Cardano, Theta and others like these will prevail.
The bad news is many of the 8000 cryptos will not survive long term as regulations will come into play. So cryptos are nice and cheap and the winners will be used or integrated into our daily use over time.
Just my thoughts…
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Peace & Love!
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