Hello how are you steemits?. I'm a bit worried about the current situation of crypto coins that are having a very worrisome crash. I have read about what is currently happening with the coins but there is no concrete idea of what happens. Why the lost? . Someone could give an explanation or a view of what is happening and how could this affect the crypto coins ?.
I am from venezuela and I am worried about the situation since it is a little strong to invest in these technologies for us. Thank you and be well
Well if you haven't noticed.. Almost all the cryptocurrency charts follow Bitcoin. If Bitcoin dips so do the rest.
And since Bitcoin had huge gains this year so far. All of the other digital currency's have went up also.
Right now Bitcoin is slowly dropping. Supposedly because come August 1st 2017. Bitcoin will have a possible fork. Meaning it could split and produce a different "Bitcoin 2" or something. So I wouldn't expect any of the other currencies like Ethereum or Litecoin or DogeCoin to rise up anytime until after whatever happens come August 1st.
@gpic check out this link. it explains better. https://bitcoinmagazine.com/articles/countdown-segwit-these-are-dates-keep-eye/