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RE: Why Crypto currency crashing...?
Crypto also got hurt by Facebook announcing today that they will no longer accept advertisments for cryptocurrencies to stop scam artists. The weird thing is that their majority shareholders all have bitcoins or some other crypto. Whatever... this makes Steemit all the more worthwhile and is a great time to buy while its low. Also crypto in general usually takes a nosedive after the new year but does come back. We shall see... :)
that 's true they hold all kind of cryptosbut I am little confused how can facebook advertisement effect the Bitcoin? i think it's good news they are trying to stop scam people..so the market will be on sound feet after...am i right??
Yeah I see your point, but many new people in bitcoins have a knee jerk reaction to negative news and go crazy and sell it.
you are absolutely right ...people who enter in the market to make money on daily basis because of market was rocking last 2 months..a lot of people used credit cards etc for it and now market is paused on one point from last 30 days and now they need money for survival..
Bingo!