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RE: Steem Dollar OVERSOLD - Are We At The Market Correction Bottom?? Things Look GREAT!

in #steemit7 years ago (edited)

Guys this is not how markets work, we will hit bottom when all the 'buy the dips' guys actually start selling when they can't take anymore losses. The real holders will be those who bought so cheap that no matter how low it goes they won't be losing money. The ones holding on losses & hoping that buying dips will make out for their losses will sell on the despair phase when the bubble completes. We are months away from the bottom. Market cap should be at the very least 30B & eth less than $50 usd. This model has repeated many times through history, I don't think it will be different for crypto...

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What makes you think that the dip will reach a lowe of 30B?
I was thinking 60 would be the low?

This. is now the second time i have seen this reference. Very interesting.