Why crypto currency going back?
Hello steemit family. I hope you all are good and enjoy your life with your Good going days. Today I'm talking about on crypto currency crash.
The reason why we are experiencing 2 back to back red days leading up to the biggest 9 weeks of conferences in blockchain history. Within 2 weeks we have the North American BTC Conference, in Miami, and that same week the London Blockchain Summit. The market should be as bullish as ever (and will be in 2-3 days if not tomorrow). However, what is going on right now? There are 2 major events impacting blockchain negatively in Asia right now. There is a “lockout” of sorts in South Korea as they get their regulation in order and taxation underway. This caused a minor panic in the Korean market. This was the main factor contributing to yesterday’s red day, the Korean’s trade more than anyone and now they are in a holding pattern until Jan 20th. However, once their trading opens back up fully between now and then there should be an exponential price increase in all alts. The second issue impacting the markets is China hinting at regulating BTC mining. This doesn’t surprise us as most countries with a very low cost of electricity ban BTC mining. However, these two pieces of news, which will be resolved shortly, dramatically impacted the value of BTC and alts over the last 24hrs.
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Almost the whole Market is Dropping these are not common panic sellers Dips
it's seems something else
maybe a Sign is Something Big 🙄
i Can't Figure that out Why everything is Going down together which is not a really Good sign
let me know if i'm missing something !
i know everyone have this Question so doesn't mean i won't have that and this is not to make you Panic