I could be wrong about the BTC correction, or I could be wrong about alt-coins following it down. It's a bit of a no-win situation trying to predict it :)
That said, we are looking pretty red today so maybe I'm not too far off.
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Have you read up on the hash rate death spiral threat?
Fascinating and terrifying.
Yes, I commented on how it might play out in my article 5 reasons I sold my cryptos BTW - I don't think BTC ever dies, it just becomes redundant once people realise there are better cryptos to use.