I think Crypto crashed this time for the same reason the bubble in Growth stocks that had no earnings did.
We have entered an environment of very low liquidity and investors have turned very picky now.
They want to invest in cash producing assets.
Also it's a chain reaction.
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Haven't really been trading the past few months. I do think there will be a short term move up here soon before more downside later on. Going to try and play the move up. Hopefully I can sell before the move down. Once everyone is calling crypto a scam again then I'll buy heavy
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This is an absolute golden post I wrote last night almost took me 3 hours on liquidity. Been trading since 14 in 1994
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Bitcoin will be replaced at some point. Crypto is basically tech stocks at this point. Which are getting murdered. Only one crypto has the ability to take on current tech for it's use and win. And it's not Bitcoin or Ethereum. It is Hedera. Bear markets are brutal haha