As long as people are buying, and people are positive, it will keep going down.
The more we hang in there as a collective, the more we will exacerbate the situation… Someone has to fall… We wont all make it through… We just have to let this happen… It has to happen and it will happen… There is no way around it… We need to cycle from weak to strong hands.
Hype always retrace. Because hype is a mispricing (Its overpricing) and there is no counterpart to keep this in check - this effect is increased by having no short-sellers.
ADA going down is not the problem, the problem was it went up further than it should, it going down, is ADA “fixing” itself. It is the cure… It isn’t the cure people want, but it is the cure we need.
Now ADA is not alone, it will be affected by the general market. There could be an outlier in ADA itself, but it will always hold true for the market as a hole.
This has to happen for prices to rise. If ADA did not go down more, it would look very weak.
I want to read some people throwing in the towls in the forum or everywhere else in Crypto… Then the bottom process can begin… This usually happens after long-time frames, of nothing, or continues down moves… But it needs time… if BTC has entered a bear market, we are in for a 2+ year bear market from the time of the high… so Thats until 2020, at least… If BTC is just correcting, it will probably hit new highs by then.
The odds is on a bear market, and we cant avoid bear markets, if it isn’t in one now, it will just be later from a higher point… But when it comes, it has to be at least 2+ years. It will not be shorter, than the last one.