a lot of people and the media spread the rumor that it was going to 100k. But the issuance of BTC is limited. Today it takes liquidity from those who believed and paid. Tomorrow from those at 90k and then 80k

📉 Here’s Why Bitcoin, Ethereum, XRP, and Other Coins Just Crashed 💡

The correct answer is…

… nobody knows.

It may seem to us that we understand the market and can predict its reaction to certain economical or political events, or at least explain it accurately in hindsight. But we cannot.

There are few reasons why I believe that it is the case:

Reason #1

Any large market including crypto market is a huge human/computer “neural network”, which processes enormous amount of unstructured data every second. We are all small parts of this machine, like in the Matrix 😂, and we give away a little bit of our brain power to the market when we press the buttons. This Matrix just does not have the Architect 😎. By the time we think we understand where market is going, it has already “processed” all economic and political data, news, events, mood of president and mood of our neighbor next door, and weighted-averaged all of it and presented on the chart. Even worse, on top of all of that it adds some extra randomization, just for fun 🤩

To analyze and predict such a powerful machine we need to have another machine at least as much powerful. One human brain, group of people, or algorithm or bot or AI model cannot do that.

Of course money bags who throws a lot of cache to manipulate the market, can predict to some extent the outcome of their actions, but not always correctly or precisely. Even Goldman&Sachs have 20-30 losing days a year 😁

There are few more reasons, they just don’t fit well into one post 😀.

$BTC $ETH $SOL