Quote:
Originally Posted by The_AK
Whales and others who bought in early will start offloading and recognize gains from money put in from noobs rushing in, some folks will need to pay back their Christmas bills and will cash out at this point too, meanwhile people who fomo'd with their life savings or loans will keep holding in hopes prices will go back up so they can recoup their losses since they bought in at a high price while banks will want their money back.
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You will see dips. But the overall trend will be upwards. When I started Mining the price was in the $300 USD range It dropped to under $200 USD in about three weeks. Then went up to almost $400 and back down to under $230 and its close to $600 USD. You might see a drop after Christmas but in the long run it's going to go up. Even Today it hit $717 and now it's at $632 Correction $682.
A $100 to $200 drop after Christmas is nothing to be worried about.