Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.
Obviously once the Price of Bitcoin Drop the Altcoin will Follow because Investors are also Looking about the strength of The number 1 currency so If the value of BTC dropping mostly They full Out their funds also.
That's the normal trend of the market, we shouldn't be surprise with that.
But This is normal in every Bull the Correction will happen because look at the market now while Bitcoin took the $18,000 Price again.
The Market is getting Greener again.
I'm hoping the green market will continue, it falls hard so it will also bounce back hard.
However, I don't want to just follow the hype anyway as it could be a bull trap to entice people on buying coins again.
So bother no more instead Keep the Holding and mooning will come any sooner.
Sure, but if you hit the target, better start to dump, and accumulate again when it dip.