Hi sir,
Good morning and wish you very beautiful day ahead, yes sometimes I am jealous on her beauty hehe.
Dear Father what happens to cryptocurrencies why they are making huge cuts after every day, is there is any hope or we have to find another way ?
With love and respect.
Little Dove
As with all financial instruments there is the potential for "fruad."
And I think that is what is happening now in the "crypto exchanges."
Some/many of the exchanges do not have the crypto coins that they claim to have.
Their clients/customers think that they have a certain number of coins on the exchange.
They do not. It is fruad.
Some of the exchanges are selling what they do not have.
That drives the prices down of the crypto coins.
It could be at some point in time.
That some of the exchanges will go out of business.
They have sold and collected the money.
But, they do not have the coins to send to the customer.
So, they will go out of business and keep the customers money.
After all of that happens and only the good exchanges remain.
The crypto dollar prices will go up to unimaginable levels.
That is why it is important to keep all of your crypto coins in your own possession.
I don't use it personally, but some say that the "Exodus" wallet is a good one to hold coins.
I don't know myself. I don't use it.
I use a hard wallet. Ledger Nano S
I hope you can understand now why cryptos can go down so easily.
It is because of fraud.
With love and respect.
Francis