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RE: Crypto's are Tanking, Don't Panic!

in #cryptocurrency7 years ago

I think your being very level headed. Don't be surprised, we are just entering an uncharted land of economics. Things will get so emotional, all things will swing from one side to another, Uncharted Volatility, you have never seen before. The stock market will look like a scam when people will wake up. eheh :)

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All the NEW money bought out the long term holders. That gave longer term holders time, not only to drive up the price but to dump large amounts of btc and alt coins on the market at a PROFIT! Now the new money is going to sell and try and brake even. While the Long Term players are sitting on the sideline buying coins on the cheap. That would be ME!