Possibly. But it could also mean the team expects the bear market to continue and potentially hurt even more, thus they employed the strategy of speeding up the development – to make the most of the funds at their current rate instead of watching them shrink for another 15 or 20 months.
This would signal the obvious; the bear market has complicated things. If this is the case, it could be for the better. Unless too draconian, time pressure can help. All I know is, I totally trust these guys and girls.
Or just the usual Christmas rush on a sale? None of it really makes any sense, or at least I’m better at understanding stock prices than crypto prices…
Eh, nothing points to a broken trend line just yet to show bottom has occured. I think we will see selling pressure till high 2k’s. Of course its all just guesswork, no one knows where the bottom is and the big boys will decide how low they want to drop it. Regardless I keep buying a little every week.
I’m expecting a selloff but mainly BTC for the Christmas season, people want to buy gifts, pay for transport. I think payday January there will be a rush to buy back.
OK, we are led to believe large players are now involved and they wont care about buying a turkey and gifts with crypto funds, but I think there are many individuals out there with holiday commitments that are going to sell and sell more than usual.
What about Chinese New Year? I feel like I’ve heard that has seen some trend in the past. I don’t really know though. I don’t follow that stuff so closely. If it’s the right price and I’ve got some spare change.