The recent slump in markets has provided traders with a good buying opportunity, but a recovery may not come in the form of a dramatic vertical rally.
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The market data is provided by the HitBTC exchange.
When markets were rising, the novice traders believed they can never go down, and one must only have the courage and patience to HODL. However, after this year’s nerve-racking correction, most of those same traders now believe that the cryptocurrencies are going to zero. They were wrong on the way up, and they are wrong again on the way down. The fundamentals are getting better and are pointing to a better future.
Mike Novogratz, former hedge fund manager and Goldman…
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