10.7.2017

What seemed to be a normal day turned into a big nightmare for miners and investors as all coins drop in value.

Just some of the dropoing coins

Why is this happening?

I have been seeing a downfall in etherum's value for some days now also small drops in ethereum classic's price. But today it's a complete anarchy in price drops.
I think the people behind this are big banks that don't like people using alternatives for transactions as they are virtually free. These corporations probably bought billions of € worth of coins and now they are selling to decrease value in masses.

What now?

I cannot predict how long the downfall will last, but I hope everything can come back to normal as soon as possible . Cryptocurrency is a great alternative to 5000 year old classic currency and is something we need in 2017 and the following years as our privacy drops more and more every day.

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