Korean exchanges excluded from Coin Market Cap MAJOR CRYPTO CRASHsteemCreated with Sketch.

in #vincentb • 7 years ago

Hello Steemit,

Today we see double digit reds percentages left and right everywhere. This has a simple reason namely CMC removed Korean exchanges. What happened is that all prices and graphs instantly tanked the moment CMC removed these exchanges, this is because the price in korea is mostly higher because of the low volume there.

This made people panic, a lot of panic selling is going on right now. This exactly is the false impression that a coin is crashing.

Also I observed that there are a lot of bots actually using the coin market cap API. This change triggered all these bots which instantly sold.

Many people are losing out on money by selling now.

My advise: Buy when there is blood on the street, even if this is your own blood.

This was Pongo, I'm out

#crypto #cryptonews #cryptomarket #bitcoin
7 years ago in #vincentb by
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     6 years ago 

    Congratulations @pongo192! You have received a personal award!

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       5 years ago 

      Congratulations @pongo192! You received a personal award!

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