The people who predict an 80% correction are funny. You can't take something that happened in the past, and say "see, it'll happen again!". The public's awareness of cryptocurrency is 50 times higher than what it was back then. Corrections will not be as deep as they were in the past, simply because there are many waiting on the sidelines to buy in. And when they fail to get their target buy points, the price will move up to new highs on FOMO.
As an interesting side note, I follow some non-crypto trading communities, and the number of never crypto types who are changing their minds is growing by the day. It's incredible to observe.
Times change but human behavior does not. How many folks in this thread were certain the Bithumb promotion would catapult XMR to new highs?
Moneran's shouldn't forget the great Mintpal pump of 2014, which resulted in an ATH that wasn't broken for two years.
The important point though is that the price record was reached before trading began at Mintpal. Perhaps this time is different?
I
do think a crypto armageddon is coming, and I think 80% is an optimistic estimate (for a market cap loss for the entire sector). When the dust clears, only a few projects will remain. Of course we can only guess when it will happen, and to what degree it will affect XMR.
Idk if there will be a correction I have a feeling that this is the beginning of the new age for crypto there is so much news so much awareness around it that it would seem "almost" impossible for it to crash again like we saw last time. Like a previous poster stated there is a 50% increase in the awareness of crypto the fact that, that alone caused the prices to jump to all time highs for the longest length of time we have seen I think maybe your just being pessimistic....