You are viewing a single comment's thread from:RE: WTF?!View the full contextinalittlewhile (68)in #cryptocurrency • 8 years ago I was reading another article saying there's been the same large drop just before the Chinese New Year for the past 4 years.
Definitely never knew this before. It is strange how well synced the pull back is across the coins.
It's not unusual for whole stock market segments to move up and down together, and I know there is usually a little profit taking before Christmas here. There are 3 major Chinese holidays in January and February.
That's the Reddit post I was talking about.
It might be true that the overall market is down, but it is to different extents with the altcoins.
Look at SIA. It's up for the month still. Decentraland and SmartCash are doing quite well.
Unfortunately, those aren't coins I'm holding. Just BTS. :) Thanks for the full upvote. :)