Hello guys ,let' talk about a "serious" problem that we all have : why the Cryptocurrency Market is goind DOWN and DOWN and DOWN ...??? Can you explain this ?
I searched everywhere on web,I've found some personal ideas but nothing sure , someone say is because Ethereum Flashcrash some days ago ,someone say because Bitcoin SegWit / Hard Fork , someone tell because many are interested in ICOs .
What is your opinion ??
Do you have any source ,or telling us some advices based on your experience ?
Many of us are young investors ,many of us are new on this "crypto-world" ,so let's talk a little bit about this situation .
We must BUY ,KEEP or SELL ??
And if you have some good projects to invest ,tell us .
Best regards ,
Your @braveheart22 :)
We like to pretend, we understand everything behind price flux, but we don't.
On the other hand, this looks like good timing to buy more..
thank you @surfyogi ! I follow you and congrats for your activity .
The current situation is used to spread some FUD. Both factors BTC Segwit and ETH mess are involved + last weeks market was like freezed no big surges or downs - 3 factors to send unexperienced and new traders home. I think in long terms we are just warming up. Also CoinBase downs and ETH price manipulations. Stay confident and listen Andreas Antonopoulos. :)
Interesting ,let's hope the market will go UP after this storm
Everything can fall abruptly, all this is a big "illusion" that people believe that something is worth. Of course, in the case of gold, this is unlikely, because it is historically perceived as a valuable commodity. And bitcoin is digital money, small programs
When the Bitcoin price drops, all other cryptocurrencies fall. Bitcoin is the original cryptocurency so when trust in it fades, so does the trust in the others.
Plus, all exchanges do BTC to other currency trading, which further makes the relationship between altcoins and Bitcoin stronger.
Ethereum is increasingly offered at exchanges as another alternative in which to trade, but I don't think that many uses it yet. Still, ETH's recent scalability issues may have also been partially responsible for this crash.
The market is recovering now a little bit, but it's unclear whether it's for good. My guess is it's not. July is going to be very unstable, so I would wait on the buying, at least until the next BIGGER crash (ETH around $170, BTC around $1800, etc). - @jarexx
Yeah I think too that the ETH issues are one of the problem - However nice that you say , wait because the oportunity to buy is still long ,so is still time for going down ,i consider it
So you think is time to buy
There might not have been a drop in bitcoin, because the money has been flowing out of these other currencies into Bitcoin. It is considered more a "safe haven" in terms of crypto coin. So it might not necessarily be money leaving the crypto markets, just being reallocated to Bitcoin, etc.
Generally when you see spikes and gains as large as there have been in the past two months, it creates huge amounts of volatility. People exit positions to hold on to their profits, that were originally intended to be longer-term investments. Such large price movements in such short terms can have significant impacts, and create ripples that last longer than expected. At this point, prices are great if you have faith in the cryptocurrencies themselves.
Don't worry about what the crowd is doing...the crowd doesn't make money...the crowd is there to have money taken from them!
@meme.for.steem nice said
All due to ongoing corrections, only this time it's gonna last a little longer than expected. I would say it's a good time to strenghen your positions if you can afford to do so.
Btc and Eth have been going on a rally for the past few months so these corrections were to be expected. Of course your gonna hear all over the media that it's a bubble. Can't wait to hear what they're gonna say about it once bitcoin goes through the soft fork. Anyways, don't sell at a loss. Patience is crucial right now
right ,PATIENCE ...