Crypto - Is it crashing?
We have Bitcoin below $2400, and Ethereum below $250. Places like Coinbase are having issues because they can't handle the withdrawal frequency.
People seem like they are cashing in for profits, as well as those who have FEAR, just to break even.
IS THIS THE CRASH?
Maybe, but not the end. Perhaps Bitcoin at $2800 levels was just too high for it's time. Perhaps Ethereum at $350 levels was also too high for it's time as well.
Maybe, the coins are just dropping to where they should be for the time being. We did see a crazy spike in mid-June, so let's be honest with ourselves.
In the end, we need to be long-term believers. If anything, this is the opportunity to jump in!
I'm thinking it's boredom. Without some kind of hype or incident these things drift slowly down and that kind of market eventually collapses.
It's possible. So much hype about "OMG BITCOIN TO 100k" or "OMG ETH TO 1k BY END OF YEAR". The hype is fading. good point. thanks for the comment.
completely normal market actually... don't see anything wrong with the popping of the bubble. just look at the gains in the last few months.
True, there were some gains. However, look at the market before April. Nothing going on, then boom.
ETH is taking a beating. Healthy for the longer term and we will learn where a hard bottom is located. At some point, stronger hands will pick it up again.
Bitcoin is holding up just fine on its way to a beautiful correction pattern on the 3 day chart.
Right now I am a little worried..... ^^
Me too! Certainly scary. We need to believe!