The reason why Market Cryptocurrency is experiencing Bleeding Back

in #cryptocurrency7 years ago

image

Market Cryptocurrency Experiencing Bleeding - After setting a record on the market in December 2017, the cryptocurrency market appears to have dropped to all-time lows in the span of less than six months. The market value of the main cryptos is skyrocketing and those who have invested sing along the road to the bank. However, some are left out of the boom.

On December 7, Bitcoin was trading at $ 19,850 and other major coin prices also skyrocketed. At the same time, there are warnings against investing in fluctuating assets such as digital coins. With Entry 2018 and every coin begins to decline to an alarming level.

Biggest loss in the Market
The market value reached $ 834 billion in early January according to the CoinMarketcap historical data. However, that value has fallen by more than 66% so it spills over $ 554billion. The most popular coins are Bitcoin and Ethereum which have shed more than 50% and 40% respectively.

This disadvantage seems to have cast the market into a frantic fashion and market critics crypto argue that this could be the point at which bubble bursts. Well, there are warnings from experienced crypto experts and this slump could be a turning point for the digital market and the hype that has been interesting since the invention of Bitcoin.

According to Evercoin founder, Miko Matsumura:

"The previous market is obviously too hot. The only fear in the market is 'lost'. These speculations cause many people to rush into the marketplace resulting in price inflation. "However, he added that" the market is starting to stabilize since the panic has disappeared. "

According to experts, investors panicked unhealthy for the market. However, this has created two groups of consumers in the market; those who take advantage of the drop and those who count their losses. However, this could be the launch pad for future profit.

The Role of Market Rules in Downturn
The market has played together without efficient regulation and it's time to change. Setting the market will tame the crypto exchange; attracting agencies to invest in crypto currency. This is one step that is considered to protect the market from free fall every other month.

Security And Hacking Up
Secure storage of digital assets is a big investor problem. There are so many disadvantages in large centralized exchanges and this exposes investors' funds for hacking and changes to non-containment exchange garments appear to bring back confidence and investor confidence back into the market.

The loss of digital coins worth more than $ 350 million from CoinCheck is a good example of the risks faced by investors. Such security breaches need to be addressed to convert a crypto connoisseur into a future user. It also gives negative publicity to the market.

Many crypto fans read malaise on the ICO ban by the Chinese authorities and this has affected the absorption of cryptocurrency. This of course shook the market and the ripple effect is being perceived globally. However, the market seems to be stabilizing with Bitcoin, the market leader shows some marginal profits that benefit from other coins.

Once players adhere to market fundamentals, there is still hope that escape and institutional capital will be a major boost. However, instilling investor confidence at the time seemed too centered on individual industry-specific coins and had real-world solutions to offer.

Sort:  

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by mr-taleb from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

Coin Marketplace

STEEM 0.21
TRX 0.26
JST 0.040
BTC 100671.43
ETH 3655.73
USDT 1.00
SBD 3.14