The market has been dropping sharply, then bleeding, then dropping sharply again, and bleeding again like it has been recently. This has surely caused many people to cut their losses on altcoins they were once very bullish on.
Most people cut their losses right at the bottom, which should have been a very good buying opportunity.
And then, once the selling pressure is exhausted, the price will soon make a sharp rise, causing those who no longer have holdings to experience extreme psychological pressure and FOMO.
When the supply is depleted and the selling pressure is gone, combined with cheap money and expanding credit, there will be no more logical reasons for growth to stop. The more coins are sold, the higher the prices will fly! 1 reply
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