Another sea of red in cryptomarket! Why?
Hello guys,
As you have probably noticed by now the cryptomarket is falling with some coins having double-digit declines. I have been trying to see what is causing this dip by checking my twitter feeds since this morning but I do not see any good reasoning behind this fairly steep decline. The overall market lost some 10 billion USD since last night. Is this just a regular correction or somebody has some inside information and selling off large amounts of bitcoins and dragging the rest with it? Or is this a Chinese uncertainty about a possible closure of mining operations in China that would cause a big sell-off in the future? It seems like it is anybody's guess right now but if you know more than I than it would be great if you share with the rest of us:).... In the long run, I am very positive and bullish for the crypto with short-term dips being great to add on some positions for those who dare and have cash handy. Have a great night steeming.
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Making excuses will not take us anywhere....
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Bohemian Switzerland in Tree Tuesday. Visit the Czech Republic.
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Tomas
CEO & Founder of CGH
When we see a fall for no reason, it often is the beginning of growth. I hope :)
or the beginning of an continues downtrend. Be careful guys .
I like the way you think:)....
no idea what's going on.
It could just be a correction.
A lot of coins and tokens grew too fast without reason, coupled with the great China exit... it all seems very natural to me.
It seems to be the norm at the moment
@czechglobalhosts,
If market red = happy :D (I can buy more)
If market green = happy :D (I can trade more)
That's the nature of crypto market :D Dumping and Pumping always there! What we need to do is HODL until we make a decent profit!
Anyway you just shared a valuable news with us!
Cheers~
well said @theguruasia
In all this history with China, there is also a positive side for the others, a major player will leave the market, smaller players will have new opportunities. It will certainly be difficult for the Chinese to return everything back. Thank you @czechglobalhosts
Do chinese farmers get money from their wallets? I want bitcoin go down to 2600 this week and then go up to 4500 - 5000 in week. Give people chance to get money. )) I guess why it happend - bitcoin goes up, and people who bought sell some of their amount.
Everything is on sale... fantastic for the long term HODLer!
I'm excited too, what do you have your sights set on?
I don't know in depth of this... bit i know this is a bad news.... hope every thing will be fine.... be we can take this in a positive way too... means we can buy more bit coins... if u r sure that the BTC may go high... actually it really gonna reach high point....
@czechglobalhosts - Red market == nice buy times ;) That's how I feel it Sir. Let's find we it's red. Useful information.
+W+ [UpVoted & ReSteemed]
Some people got really scared which is causing this panic attack
nice post
thanks for sharing