Post
Topic
Board Speculation (Altcoins)
Re: Everythings GREEN!!!! Oh... hey wait, it's red again...
by
dobidobi88
on 01/05/2018, 00:49:12 UTC
We are all hoping for the next bull run, and many thought that the last week showed promising signs.

And then, today we have another price correction.
You can theorize all you want: maybe it's because of the mew hack, maybe it's just whales manipulating the market.

But the most simple answer, is that open markets routinely price correct as demand and supply constantly shifts.
In the case of a speculative, unregulated, and young market like crypto, the swings are more pronounced.

I think that what we will see here (and what I hope for more than anything), is that the market and investors grow up and stop throwing money at shitcoins.

The next bull run will come, I'm thinking mid may to late may.
And the coins that will perform the best, and throughout the year will be the ones that have an actual product and real world use case.

A high price increase triggered the holders to sell their coins. If it happens simultaneously and in a large capacity of course it could lead to a red back market. Market fluctuations depend heavily on uncontrolled amounts of demand and sales.