posted on Jan, 17 2018 @ 03:34 AM
a reply to: liejunkie01
Well, we've had more than a month of double-digit run-ups. Nearly every coin on the market up 20, 30, 40 percent. ICOs blowing up at 500-1000%
Can't keep that up forever.
The BEST thing about this, the BEST news in this mess, is the end of various #coins and BIG Ponzi schemes like BitConnect.
This is what Wall St. people mean when they say "correction" or "shedding excess" depending on what markets you're in. Every market has to have
corrections like this over time. It MUST be allowed to occur. If it doesn't, fraud could go on far longer and do far more damage. Price discovery
wouldn't be a thing. The bottom is when the market has decided it has shed enough.
I'm actually surprised we haven't seen .75c XRP(the next bottom being .25c) or 8000 BTC or 300 ETH, and more than 50 percent of altcoins wiped out.
The fact that it didn't happen means that this market is more healthy than I gave it credit for.
edit on 17 1 18 by projectvxn because: (no