How would you explain the current fall in price of cryptos.
There are no news of crypto banning or confiscation. So what is the reason for it?
Did we wanted more than we needed?
Is our greed killing crypto and blockchain technology in whole?
The only logical explanation that I can think of its that investors have lost their faith already and just wanted to be a spectator from the outside. And everyone who is shouting for long term hold have already exited in the last 3 months, in my opinion. And what remains are pure speculators, either trying to set up a bull run and short bitcoin or day trading and get as much as profit as they can in short amount of time.