Post
Topic
Board Speculation (Altcoins)
Re: What happened? Why do prices fly down?
by
Bayonetto
on 06/09/2018, 22:51:32 UTC
crypto people nee to accept the fact that this is how market react when it boomed to much during December 2017 - January 2018 & then the  bearish trend started. what happened back then wasn't healthy at all & mae it look like the worst kin of bubble, now we'll have to wait even more to get back to BTC @10k (it can be month, years, who knows).

The lat " crash " you''re referring too was kind of " market shaking " to make the domino effect, so the scared traders / holders will Tether or dump or cashout.

Now from a technical perspective, this can be a good sign that we're heading to the last bearish wave which can be a bi bloody (new bottom probably). From there we'l have to wait for the next move, which can be the next bu run, but i don't expect it to be as fast as the last one, but who knows.
The thing is that, they didn't boomed at all, I mean, bitcoin increase to 8K a few months ago and then dropped to 6K, it was recovering and then... 6K again, that was unexpected, and that is why is causing controversy.