đž When do I expect growth on altcoins?đ„đ„đ„
Friends, hello everyone. I think many people are interested in this question. Lately I have been writing a lot about the fall, but today I would like to talk about a more pleasant topic - growth.
đ I will take one of the most popular altcoins - #ArbitrumARB (ARB) as an example to explain my vision.
If we consider the price range of $1.7-2.2, a huge number of people bought in it. Few of the entire crowd were actively buying at $1 at the end of last year.
đ Those who bought at $1.7-2.2 are now in a ~50% drawdown. And the most important thing is that this is normal for many people. They are willing to sit in such a drawdown, because they are waiting for growth.
But what do you think will happen when they see a drawdown of -80%? Their fear will increase a lot, and believe me, 70% of people will sell their positions in minus. And that's when it's time to grow.
"Assets grow when few people are in them".
â Bottom line: if we focus on $ARB , I expect it to rise from $0.7. This is the point where people will start selling assets in fear đ„
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