The first half of 2018 hasn’t gone according to plan for most cryptocurrencies. Indeed, there is plenty of reason for short-term holders to sell off their holdings. However, there are some things to keep in mind. eToro CEO Yoni Assia is convinced selling cryptocurrency now would be equivalent to selling Apple stock back in 2001.
The Future of Bitcoin Is Still Bright
Right now, things are not looking all that great for most cryptocurrencies. More specifically, all currencies have lost anywhere from 40% to 65% of their peak values established in late 2017 and very early 2018. That in itself is plenty of reason for speculators, newcomers, and permabears to dump their coins on the market. Whether or not that is actually what is happening remains to be determined.