Is this the CRASH 2.0? by jrose1010

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cryptocurrency · @jrose1010 · Jun 26 '17 (edited)

$0.96

Is this the CRASH 2.0?

<html>
<h1>Crypto - Is it crashing?</h1>
<p>We have Bitcoin below $2400, and Ethereum below $250. &nbsp;Places like Coinbase are having issues because they can't handle the withdrawal frequency. &nbsp;</p>
<p>People seem like they are cashing in for profits, as well as those who have FEAR, just to break even.</p>
<p><em><strong>IS THIS THE CRASH?</strong></em></p>
<p>Maybe, but not the end. &nbsp;Perhaps Bitcoin at $2800 levels was just too high for it's time. &nbsp;Perhaps Ethereum at $350 levels was also too high for it's time as well.</p>
<p>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.</p>
<p>In the end, we need to be long-term believers. &nbsp;If anything, this is the opportunity to jump in!</p>
<p><br></p>
<h1><em><strong>Thoughts? &nbsp;I want to hear your input! &nbsp;Upvotes, Resteems, follows are appreciated as always!</strong></em></h1>
</html>

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@badabing · Jun 26 '17

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.

👍 jrose1010

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@jrose1010 · Jun 26 '17 (edited)

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.

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@crypto-p · Jun 26 '17

Right now I am a little worried..... ^^

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👎 ats-david

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@jrose1010 · Jun 26 '17

Me too!  Certainly scary.  We need to believe!

👍 jrose1010

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@piglet · Jun 26 '17

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.

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@jrose1010 · Jun 26 '17

True, there were some gains.  However, look at the market before April.  Nothing going on, then boom.

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@wekkel · Jun 27 '17

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.

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