Why does Bitcoin plummet? here's the answer.
Why does Bitcoin plummet? Do not fear, here's the answer ...
I can imagine everyone pulling their hair, wondering why the Bitcoin plummets? It is already falling 14% not only he, all currencies are suffering today a fall of heart attack.
Why does Bitcoin plummet?
The largest volume of cryptocurrency trading is still in Asian soil. It is within its borders where the largest amount of money enters and leaves the market. Guess what happens in three weeks?
The Lunar New Year, or what is the same, Chinese Christmas. Infamous amounts of money crypto is becoming effective to acquire gifts, tickets, etc. for their loved ones.
The largest human migration on the planet
During these holidays the Asians spend real tons of money. We can not ignore that during these dates there is the largest human migration on the planet, during two weeks eye.
It is expected that they will spend around 100,000 million dollars. As usual, the market suffers.
The crypto market does not work like Wall Street
The cryptocurrency market is not like the stock market. Here the market does not rise to increase sales of products, as is the case of our Christmas or the famous Black Friday.
Here the investor is a retailer and what he wants is to enjoy the vacations with the money earned in his crypto-investments.
Do not panic, it's a cyclical movement
For 4 years, this liquidation of digital assets has occurred 3 weeks before the Lunar New Year. Therefore, do not panic, the Bulls will return after the festivities in February. No one can blame our Chinese or Korean friends for liquidating their assets to buy something really great for their loved ones.
What do we do?
If you keep asking the same question, why does Bitcoin plummet?
My advice, keep calm, and if you look strong, buy your coins cheaper than normal and get ready to make money from February.
You forgot to mention about South Korea's government banning crypto exchanges.
https://yehey.org/entrepreneur/@yehey/cryptocurrency-trading-is-bloody-red-it-s-time-to-load-up-bought-1200-steem-and-power-up
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