Where your hard-earned money comes to die. Home.
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Prepare to lose another 25% tonight
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Poast new message in this thread
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Date: January 16th, 2018 12:45 PM Author: Up-to-no-good school cafeteria
Many (most?) people that invested during the Dec-Jan explosion did so on the expectation of a profit return, not due to a perceived value in the underlying coin/company.
Many of these people are also inexperienced investors and likely took an out-sized risk. I.E., they bet more than they were willing to lose. Remember, they were banking on everything only going up, not down.
So, when the market begins to tumble, these types panic and sell to cut their losses.
Right now, it is not clear why the panic selling would stop at all.
(http://www.autoadmit.com/thread.php?thread_id=3861302&forum_id=7#35168182) |
Date: January 16th, 2018 12:52 PM Author: saffron parlour
probably. but 50% swings in your portfolio week to week is par for the course in crypto.
there is insane demand for risk globally right now and China/SK "banning" exchanges will hardly spell the end of this bubble.
(http://www.autoadmit.com/thread.php?thread_id=3861302&forum_id=7#35168237) |
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