Yep, it appears to be emulating equities. I'm assuming the institutional money is taking flight? Edit : I only watch BTC, can't speak for the alts.
As per my cycle chart, March was the predicted timeframe for Crypto's to start making some decent moves... I believe the correction should be over with... now up, up & away!
Hi Michael, I’m the first to admit the chart is very much approximate. If I’m correct we should see the All Time High taken out within about 6 weeks.
I don’t see how 35 billion dollars can be wiped off the crypto market cap over the weekend and those wanting to preserve capital would want to go there right now. And now there is global speculative money deflation
Maybe this from ZERO HEDGE shows just how bad it is going to be on the opening of MARKETS(?) this week. RIVERS OF BLOOD in the OIL & STAWK markets(?).
I don't go there for capital preservation short term, I go there for capital growth long term as the purchasing power of fiat currencies are destroyed over time. If I've got that plan I'm sure plenty of other also have the same plan. We just have to balance out our exposure to the market in order to ride out the downturns. Such as the one we just had in the last 24 hours.
I get the case for bitcoin. This thread is titled ‘it begins’ and there is a prediction for ATH’s within 6 weeks. Different discussion
Massive dump happening BTC nearing 6k Just found this posted on reddit 15 mins ago Over $700 million worth of Bitcoin Longs just got Liquidated on BitMEX.
I didn't know where to put this, but I found this Thread. I didn't want to put it on a CRYPT@$#!T thread, because they are a TOUCHY BUNCH. It seems like their STORE OF VALUE currencies are seeing rivers of blood.
Exactly , plus if the supply/demand side downturn escalates , a lot of holders may need to liquidate their holding to cover living expenses. Not looking good for cryptos in the short term. I converted my meagre holding to USD last night , at about 9pm , on this exact premise. Got lucky for once , lol.