The today cryptocurrencies drop is due to coinmarketcap decision to exclude Korean exchange prices from their page which made the coins appear to drop significantly from what they were yesterday, which also made a lot of investor panic sell their coins.
As you can see below Ripple is still trading in Korean exchanges at much higher price than other exchanges.
Bithumb @ 3.56 USD
Coinone @ 3.71 USD
Korbit @ 3.71 USD
Same goes for Bitcoin and other Alts:
Bithumb @ 21,552 USD
Coinone @ 22, 471 USD
Korbit @ 22, 710 USD
As a long-term investor, there will be many shakeouts on the way up, and let me know what do you think the reason for coinmarketcap to exclude Korean Prices!
Image Source: https://coincodex.com/
Prices: https://coinmarketcap.com/
but i wonder what will be next
is the prices will go up again or it will Continue going down
i feel that you have a lot of experience so what do you think ?
Great information. I agree that there will be many ups and downs along the way. As long as the lows are higher we r heading in the right direction
Long-term. Blockchain technology is here to stay and will grow as long as demand is growing! Short-Term investors, however, will not gain much as they get shaken out of their coins quickly.
You have to choose the correct coins to survive long term too. Just having any coin will not do for 2018
now that is the hard part!
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