I'm using Siacoin here as a representative of the crypto market as a whole since it has one of the longest price histories for an alt coin. Keep in mind, I'm no financial guru, just your average dude looking to get in at optimum times. However, although it seems odd that it could happen, I feel as though there is an enormous amount of room in the chart for a catastrophic dump to occur for the alt market. SC rose a mindblowing 56000% within 820 days, I feel as though there needs to be a larger correction to break the long-term hodler's spirits.
This opinion is nothing new, many people have posted similar charts. I feel as though they are correct and this has a higher probability of happening than making higher highs from this upcoming bounce. However I could definitely be wrong :), this chart is just to kill some spare time - Don't hate too hard :)
P.S. Might not drop as low as that.
This opinion is nothing new, many people have posted similar charts. I feel as though they are correct and this has a higher probability of happening than making higher highs from this upcoming bounce. However I could definitely be wrong :), this chart is just to kill some spare time - Don't hate too hard :)
P.S. Might not drop as low as that.