3 ms·
I'd say the problem is that no-one can easily predict where the bottom lies right now. We have Celcius with frozen withdrawals and in an undetermined state hav
by raesene9 4y ago
I'd say the problem is that no-one can easily predict where the bottom lies right now.
We have Celcius with frozen withdrawals and in an undetermined state having called in restructuring specialists. We have 3ac apparently not talking to their partners with a lot of loans outstanding and margin calls due, then we have all of the other people who were partners/customers of those organizations, who at the moment either can't access their funds temporarily, or may not be able to access their funds ever, so are essentially schrodingers companies right now, until they can get accurate information about what's happening
Once all the companies that go down have gone down, then there's a reasonable chance that a bottom can be called, but at the moment I don't think there's enough information to know.
- Geee 4y agoYeah, but I wouldn't care too much about the absolute bottom or short term price. Short term is impossible to predict, but it's also quite pointless to worry about. In the long term, this is a very cheap price.