Over the next few months, I want to see coin prices crash big time. Go WAY down, before recovering in the spring and booming again.
Why do coin prices need to drop a lot? Simple. So I can buy in cheap and maximize my profits during the next big coin price surge.
I'm already HODLing 5400 Ripple XRP, and I'd like to pick up some bitcoin, litecoin, and ethereum at rock bottom prices.
I'm also enjoying seeing bitcoin difficulty plummet, because miners are shutting down ASICs, because prices are dropping. So difficulty drops, and prices drop, and more miners shut down, and so forth.
Will there be an even bigger boom than the last one which almost touched $20,000? Absolutely. I don't care if Tether is used to artificially manipulate the prices again or not. All I care about is getting as much money as possible out of crypto coins.
WAY down may not happen, Think about it, think about the amount
of buy orders that will kick in before the price reaches even $2500.
You are right about the difficulty level for mining falling, if it goes low
enough we could see small time miners setting up to try and get some
mining reward for themselves.
Dont get em wrong, I think there are a lot of people who want low
prices to increase their holdings.