Post
Well, shall we go for a dive? The bull run is ending, we're heading into bear territory.
A healthy correction is needed, about 30-40 percent for altcoins. From what I see in the chats and Binance feed, many are flying on a rocket. Don't worry, they will quickly smack you all in the head against the rail, along with the rocket.
I thought it would happen in the second half of December, but it seems the correction will come sooner. The recent growth has been too rapid. It’s not quite rational when macroeconomic data is still not at an appropriate level (Fed rate, stimulus, government adoption, etc.).
China is still not stimulating the economy enough, and India is lagging behind. Europe's economy is in trouble. So what is there to grow? Who will buy such a pile of coins? It’s impossible to unload a whole wagon and a small cart of various coins and projects into the market in a week. If they all get dumped at once, the market will plunge into the abyss.
That's about it.
A healthy correction is needed, about 30-40 percent for altcoins. From what I see in the chats and Binance feed, many are flying on a rocket. Don't worry, they will quickly smack you all in the head against the rail, along with the rocket.
I thought it would happen in the second half of December, but it seems the correction will come sooner. The recent growth has been too rapid. It’s not quite rational when macroeconomic data is still not at an appropriate level (Fed rate, stimulus, government adoption, etc.).
China is still not stimulating the economy enough, and India is lagging behind. Europe's economy is in trouble. So what is there to grow? Who will buy such a pile of coins? It’s impossible to unload a whole wagon and a small cart of various coins and projects into the market in a week. If they all get dumped at once, the market will plunge into the abyss.
That's about it.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.