Current Crypto Fall Scenerio
Hi Everyone!
I found everyone on social media worried about the fall in total market cap of Crypto, There are many reasons regarding it's fall and i tried to write some of the reasons and suggestions here to share my knowledge and experience with all of you.
- Last couple of months Crypto market got attention of big investors and they understood that through this market they can pump and dump alts so easily that overnight they can double their investments, so they invested and took out their profits, what left behind is smalls investors who jumped in by following recent price hype, don't panic and wait for the next run and take your profits not losses.
- August 1 panic, this is the reason that BTC fell from 3000$ to 2300$ current price, People are unsure what will happen on August 1, guys for your knowledge nothing will happen to BTC any time soon, its just that big guys are trying to play with you guys so that they can bring down the market and invest their money at lowest possible price, so again don't get panic everything will be fine.
- Following Pump and Dump, This is the main reason for losses in any kind of exchange, people who din't know about pump, jump in and when they know, pump will be over so mostly people take losses on pump and dump. Understand the market and make your strategy accordingly.
- Can't hold the coin, reason behind crypto fall is that people are not holding their coins, once they see someone selling, they also sell their coins, even if they have to bare losses.
- Naive Investors, New people without any kind of knowledge about cryptocurrency and it's implementation, they think that they can be rich in a night, that is not true, investments need time to prove good, so be patient and study before you invest.
- Price Manipulations, big guys try to control market by spreading FUD through social media and blogs, that causes panic among all new crypto investors and they liquidate their shares.
- New ICOs, everyday we here new ICOs presale, that get the attention of new investors and alot of money in flooding into ICOs that even have no real time usage.
I hope you guys get benefit from my points and understand the maeket better
A co-worker and I are both in cryptos (me more than him right now) but we've been talking about it constantly. We definitely noticed this pump and dump and have been wondering how much the big dogs ARE manipulating things. Example, Mark Cuban came out talking crap about bitcoin, prices dip, and now all of a sudden he's all gungho about getting into an alt coin ICO coming up. And that's just an obvious public move by a billionaire. Really gotta wonder how much it's being mirrored by other millionaires/billionaires who are even HALF paying attention. But definitely agree that if you're jumping in now, people need realize this is still the early days and it's very much the wild west on the digital exchange frontier. Buying now and planning to hold for at least 5+ years is a good starting point unless you just happen to jump on one of these super low altcoins that suddenly jumps a few thousand percent. If I had put all my money on ripple when I jumped in, my house would be paid off right now along with all my other debt. BUUUUT, I didn't. Only a little, but it's gone up HUGE to become my #1 holding right now. Just an example and there are other people with similar experiences. My 2 cents.
yeah exactly if you cannot hold your investment, you are not fit for this world. After this crash, market will get its cap again and there will be huge gains for everyone. we have to hold
Oh man very good and informative blog keep it up dude
hahaha wrote just two blogs lol i will write consistently now