Why top cryptocurrencies decreasing in the market Including Bitcoin.
The last 2 weeks of December aren't good for the savings, in these days peoples spend money to buy things and plan to travel somewhere, someone uses their savings to decorate the house.So this is the simple reason the small investors pulled their capital from the crypto market. small investors pull out the money for expenses of Christmas and new years holiday.this reason affected the Bitcoin and Cryptocurrencies market capital and Bitcoins price dropped so low.
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Bitcoin market capital dropped 324 Billion to 222 Billion
Bitcoin market capital decreased 102 Billion in last 7 days. It may drop some more in next 2 weeks.so be careful if you are planning to buy Bitcoins now.
Right time to manipulate the market.
according to Bloomberg report, 1 thousand peoples own 40% of Bitcoins. I think they can easily manipulate the market because now Bitcoins price too low and they will buy more Bitcoins to take control of Bitcoins supply. after February 2018 just 35% of Bitcoins will circulate in the market and 65% of Bitcoins will be own by elite class investors.at the last week of January small investor will come back to the market and demand of Bitcoins will increase and Bitcoins price will be over the moon.
"Be fearful when others are greedy and be greedy when others are fearful." —Warren Buffett
just have a look at topmost cryptocurrencies charts.
top 20 cryptocurrencies dropped 10% to 30%
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Good post.
I think holding on to my coins will be my approach. I am seeing this as a buy opportunity
yes, you are right. its time to buy at the low price but you should wait until 1st week of January 2018.
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Hehehe, keep calm and leave your coins in your wallets 😉😂😉
Best regards from Thailand
Tom
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Long term btc looks good then. Time to buy!
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