Any reason for this free fall?
Hive is taking a hit too.
I don't mind though. I just keep doing what I've been doing for a long time. It will eventually recover again.
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Any reason for this free fall?
Hive is taking a hit too.
I don't mind though. I just keep doing what I've been doing for a long time. It will eventually recover again.
It's a stupid reason: https://bitcoinist.com/federal-reserve-cant-hold-bitcoin-powell-says
It's always interesting to see that one message can cause a crash of almost all of the coins.
Altcoins don't even have much a reason to panic other than a potential loss of funds rotating out of BTC profits. This is irrational fear.
I remember Hive at nine cents, and I remember Hive at $3.47. That was a whole market cycle ago, and we are in a new one now ... patience and persistence, all the way, is key.
Patience and persiclstence...
Not sure if I remember correctly but this correction is expected few days before Christmas.
Hopefully it will improve as we approach 25th and witness what they call as Santa Claus rally on the last week of Dec to early Jan.
NFA
I'm not sure why, but the market is really busy, going up and down all the time, and those who like to trade are doing very well.
I don't bother that too much. I just keep working.
Maybe because the Fed turned "hawkish" for 2025.
They're saying only two rate cuts, instead of four 🙄
Yes, the reason is to collect stops, reduce the average entry price, and eliminate gamblers in futures with 3-5x leverage.