Now that the market has started to make a big adjustment, bitcoin is down nearly 100% from $20,000.
Other altcoins have fallen even more, and if the bear market comes, I think most of them will die.
WTF are you talking about? if bitcoin is down 100%, then the price should be literally
0 by now. Need to check you math dude.
Would there be a big correction happening in the near future, to shake out those weak coins
Of course there will be another correction coming, its inevitable, just the question of when its gonna happen. It always appears when the price is moving to a unprecedented level. Like what we have been seeing, bitcoin grows significantly to $19K, so this correction should have been expected. It could have happen last year as well, but people keeps buying and there are a lot of positive news like the CME and CBOE bitcoin future contract offerings.
But with so much negatives in the last couple of weeks, I wasn't surprised at all that we have seen 2 market corrections so far. Just to continue to Hodl though and wait till bitcoin settles in and makes a comeback.