Who here actually expected and pre-empted the crypto "crash" of ~$300billion that occurred after the 8th of January? I made major losses of up to 60% and the market is still taking such a long time to recover. Just wondering who here actually had the foresight to predict this.
Many theories supported and heralded this crash including, however a lot of these effects appeared to have combined and created the FUD that ensued.
1. Historical charts showing major losses in trading in previous years around this time
2. Correlation with Chinese New Year period when investors and traders pull out money
3. Coin Market Cap making a blunder when they removed the Korean exchanges
4. Korean exchanges themselves under scrutiny from the South Korean government following the exchange raids.
Any one have any other reason to add to this list?
If someone had predicted and really acted upon it he/she is already a millionaire by now. I lost half of my investment because of the price drop but luckily I increased my bitcoin amount by 50% by doing some tradings.
Now I'm holding to wait for the price increase.