Post
Topic
Board Economics
Re: Where the correction ?
by
Dusang1998
on 09/04/2021, 11:59:00 UTC
to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

Not the correction, but a bear market will come sooner or latter. Ofcourse it will not be a sudden. It will take a year or two to reach bottom. You can expect price of Bitcoin decrease 80%.  So lets say it happen now it would mean for price to go under $10k.  For altcoins you are talking about price can decrease for more than 95%.

i dont thinks its gonna decrease that low, on the other hand, there are possibilities to go over $100k.