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.
this "crypto" crash you are talking about is 90% altcoin bubble burst. which was not only expected but also long overdue.
and losses like 60% is perfectly normal when you buy into the altcoin bubble and get dumped on as the whales make their exit after they were done pumping the altcoins.
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?
these affected bitcoin only and bitcoin is known to go down during January and when the previous year was all rise, it goes down.
and when bitcoin goes down, it speeds up the process of altcoin dumps.