That sounds a bit like market manipulation, is that even legal? When all the big crypto players work together to force the price down it would mean they liquidate a lot of their positions now. Shouldn't we get some insider news about it? I don't think all the companies could remain quite for such a big a deal. Once the margin call is being triggered it would mean we would see strong buys in the market in an effort to close down the position. Shouldn't the price than rise again sharply? I am no expert on uncollateralised and not sure what options there are to avoid liquidation. Maybe there is a chance to restructure? Like how much further can the price drop, below 20k USD I would expect all the whales to start buying again.
This is what I am unsure of and I am having second thoughts. Is 20k the bottom and then it will go up or will we go down further by another 50% and hit $10k to $15k range?
1. The hotline on reddit hasn't been posted yet. It hasn't been posted on this forum either.
2. Most alts have only crashed 90% and not a solid 95% yet.
We are almost there and yet not completely there. I am going to wait till the lines get posted and most alts get wiped out. The total sentiment should be extremely negative. There should be 0 hope. People will swear off crypto permanently.
THAT is when it is true rock bottom. And, it will last 2 to 3 months easily. That is when we need to buy.
But also remember we were never in a proper recession before while crypto was in full swing. If we have a stock meltdown and widespread layoffs then crypto might tank even lower than $10k - $15k which means all the gains I got will be wiped off. So, that is a risk that I have to take.