He is basically saying that the selling isn't being driven by normal market forces. Saying that the SEC scaring a lot of ICO projects into dumping their btc/ether to pay back investors is a big part of this. Also possibly tax related selling along with market manipulation are all contributing to lower prices than make sense based on past/historical btc pricing models.
You are viewing a single comment's thread from:
I'm inclined to believe that. I figured since Bitcoin hit resistance at 20K and had support at 6k multiple times that it's true value was closer to 26k / 2
Eventually these ICO projects will run out of btc and ether to sell, and in a few weeks we turn the page on another year. I think things will start to turn around come January personally.