What did they mean by this?

>One prediction is that cryptocurrencies will experience a 90 percent correction within the next 12 months with "very few companies" surviving.

>
Cryptocurrencies are heading for a 90 percent correction
Cryptocurrencies are heading for a 90 percent correction
10 Hours Ago | 00:56

Cryptocurrencies will experience a "heavy correction" of 90 percent leading to a "mass market wipe out," a technology investment bank predicted in a report seen by CNBC on Wednesday.

GP Bullhound's "Token Frenzy: The Fuel of the Blockchain" report laid out the current state of cryptocurrencies, blockchain technology, initial coin offerings (ICO) and what they think the future will look like.

One prediction is that cryptocurrencies will experience a 90 percent correction within the next 12 months with "very few companies" surviving.
Two technicians look at bitcoin mining at Bitfarms in Saint Hyacinthe, Quebec on March 19, 2018.
Don't worry about a crackdown, just keep betting on bitcoin: Technician
8:04 PM ET Tue, 1 May 2018 | 03:52

Sebastian Markowsky, a director at GP Bullhound, and main author of the report, explained that institutional investors are likely to come into the market and drive the price higher. More retail investors will get in to the market too, buying cryptocurrencies at elevated prices. As the market begins to see sharp falls later this year, it will exacerbate the selling causing "panic" and the eventual correction.

>"Nonetheless, once this 'crypto-winter' passes, the growth dynamics for the precious few survivors will be unprecedented," Markowsky wrote in his report.

they are talking about currency shitcoins and vaporware like tron
linky stays stinky

the same faggots telling you to buy XRP at 3+ dollars

>>predicting a 90% correction within a year if institutions will drive the prices to ATH first
Wow. What kind of expert could have predicted that??
Here's my prediction:
IF institutions drive the price of everything up another 100% THEN we will have 80% correction of the new ATH.
They say 90% cause they are stupid.
But overall, even if BTC is going to correct 90% after shooting up another 100% of today's levels then what does it mean my math geniuses?
That BTC is still going to be up a year from now. How far up? No one knows, but up nonetheless.
This kind of shit reporting is cancer.

so there's gonna be a big fucken bull run?!!! good news. fuck these kikes. i'll dump bags on them from 60000 feet

>Typical FUD
>They want you to sell so they can buy cheap.

This

buyyyy buy buyyy im warning you.
cnbc bearish = bull run

this. its just kikes playing tricks on the goyim. nothing new to see here. also, gas the kikes race war now oh and one more thing, WHITE POWER

this

Hey math genius, if something increases by 100% and then corrects 90% then it's at only 20% of its original value.

I think they’re saying the next correction will be in the 90% range AFTER the incoming moon mission.

We just exited the first sell off and will be entering a $3-5 Trillion market dropping down to current levels.

Regardless of what you’re holding, it’ll be wise to sell once the upcoming parabolic curve has is tested twice and we get to a total market cap of about that much.

>crypto winter
>stealing our fucking memes

Absolute faggots, plus their wrong.

holy shit please crush this market. It would make me so happy to see all the arrogant new money fags get their portfolios crushed while I get to relive 2016-2017 gains.

>t. guy who just cashed out

If I have $1 and gain 100% I have $2
If I have $2 and lose 90% I have 20 cents.

If what they are saying is true, we must keep our pants tight, and our stop losses tighter.

I find it funny how yesterday they did a segmenton CNBC telling people to buy BTC, then today article saying crypto will crash 90% percent. I'm expecting them to spread some new crypto regulations FUD tomorrow.

>people that don't want you buying crypto are telling you not to buy crypto

When will you brainlets learn that conventional market analysis applies very loosely to crypto due to the high volatility and low liquidity?
TA is mostly shit because people are irrational morons.

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two days ago CNBC said BTC going to the moon

youtube.com/watch?v=q5ZfPTgf7FQ

>cashing out right before the biggest bullrun of any asset in recorded history

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Buy up to price: $25000
Stop loss: none

holy shit this is great. The big boys sweating their asses off because a bunch of neets finally beat them to the punch. The fud will only elevate from here

Sounds like a bull flag to me. MSM is literally always wrong when it comes to crypto.

It means Satoshi is getting ready to make his move.

Dumping as much BTC as he can before the network stops due to miners switching to the other chain, while shorting BTC - to help maximize his gains since the chain will die before he can sell all of his BTC, while converting the sold BTC it into Bitcoin.

The banks hate crypto, but they aren't stupid. They know what's coming.

It's not all the ideal scenario and kind of sucks, but idiots need to stop and face reality - see through all the censorship and get over the fact you probably bought in Dec. 2017 ATH.

>cnbc

these are the same cunts telling you to buy ripple at $3 and sell at $0.8

fuck off cunts