TLDR; BTC futures are due tomorrow, and anyone that sold them will be actively trying to tank BTC today so that they can make the most profit when the buyer has to purchase at the promised price from last month.
Alts are down because USD means fuck all and all that matters is relative satoshi value (BTC goes down, alts go down)
Sellers will then put that profit straight back into bitcoin causing it to skyrocket like we've never seen before.
DO NOT SELL, in fact buy MORE. In the next few weeks we are going to see the largest bull run in the history of crypto.
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from Cryptocurrency news and discussions. http://ift.tt/2ra3K93
TLDR; on the sudden drop and why you should be holding
Reviewed by paksvideo
on
January 16, 2018
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