Too many people try to judge by traditional market indicators for long term potential. Crypto isn't the traditional market even though it uses many of the same indicators(fibs, ema's, bollingers). The decentralized nature makes it not as suseptible to the same bubble manipulations you see in traditional markets because the spread of who is holding and trading is much more diversified. Yes there are whales that can manipulate some(not all) coins but the difference in crash and consolidation is in the crypto realm cconsolidation just shakes out the bubble types without damaging holder(hodlers if you prefer). A crash in traditional markets affects real products that do things like make people lose their houses.
You are viewing a single comment's thread from: