That same scenario happened in the stock market in January 2017..... a slight rise in the beginning of the month followed by a 30% fall towards the 3rd week. Then it was on a steady rise again. So, as you said, it's the time investors buy as this dip is considered a natural healthy correction. Day traders usually can't wait and don't think long term, and many crypto holders are day traders, that's why you see massive selling.
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You're so nice for commenting on this post. For that, I gave you a vote!
Thank you for that.
I agree. It takes a while to transition from a day-trader to a long-term holder I think, since they're coming from completely different mindsets.
Top Cryptocurrencies Pending Price Target and their due dates
https://steemit.com/cryptocurrencies/@salahuddin2004/top-cryptocurrencies-pending-price-target-and-their-due-dates