Over the course of this week, our Onions have been suffering from a kind of roller coaster.
At the beginning we could appreciate some attempts to recover, achieving a maximum of $ 11.68 but unfortunately its price dropped dramatically to $ 6.84.
Since then there is a trend of ups and downs with slight increases, achieving a second rebound at the price of $ 10.04 but gradually lowering its value to around $ 8.
We could say that our Onions are going through a kind of "insecurity" in the Charts and it is understandable, in these days there was a new attempt of intimidation towards Bitcoin users causing fear and preocupation.
In these weeks we have been able to experience some of the most pronounced and epic highs and lows in the history of Bitcoin and when this happens, it directly affects the other existing cryptocurrencies including our beloved Onions.
When these things happen in the wild and unpredictable world of the Cryptocurrencyes, there are voices of alarm and the imminent announcement of the apocalypse, scaring new or inexperienced users.
With the imminent fear of losing everything and the end of the universe in tow, the users decide to sell everything or almost all at low prices, even though they have rushed to buy at high prices when the markets were on the rise.
This generates an interesting phenomenon among inexperienced users: they buy when they should sell and sell when they should buy resulting in a huge loss of capital and distrust.
In the coming days, a modest recovery in prices could be expected, but as always it is advisable to take precautions.