TONS of good news but still a sell-off?

in #crypto7 years ago

Really strange that there's lots of good news in the space, fees are really low, and yet we are still seeing a bloodbath in crypto. Seems like we are in for a wild ride. Id love to see some quiet time for a bit and have the market trade flat for a while. I think we need to see the volatility go down before the masses get back into crypto the same way the internet crashed scared a lot of people away from investing in tech.

Also I think banning ads for crypto is pretty fair given that you dont ever see ads for fiat currencies other than having to use them and carry them around and stuff. Ads for currencies are just tourism ads, in hopes to pump funds into that advertising country.

We need to see the market chill out a bit, and I think this sell off is lots of people getting scared and thinking crypto is dead. I work in an office downtown a few days a week and just about every other day its either "wow crypto is amazing!" or "jeez crypto is dead, glad I sold all my coins".

Anyone got any thoughts about what we are seeing right now in the market?