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RE: It's carnage out there in crypto land! What's going on?

in #cryptocurrency7 years ago

One thing not mentioned is the fact that the summer is closing for a big portion of investers. It's bear time almost every year in summer. Lot of people are taking a break and if they can't watch the market closely to react, they rather take the money out and convert it to fiat and enjoy their time off. That's just my thought i could be wrong :) but take a look at the june/july on bitcoins history chart. The msin question now is where is the bottom?