Market Look - Big Landslide
Just looking at the markets this morning and seeing a big blood bath, is it the fact China is cracking down on bitcoin and banning ICO's?
Or are we just seeing normal market correction after the last big pump?
I go for the former, by all means what's happening in China isn't helping the situation but look back over the year, everytime we've see a lot of money flow into the cryptocurrency space there's always a correction of at least half of the recent pump.
Normal market behaviour, nothing is gonna stop bitcoin and cryptocurrency, but be wary of the usual bubble has just burst posts.
Cryptocurrencies bubble hasn't even started yet!
looks like a combination, the china news last week was the pin that popped the bubble, after it starts going down people start taking money off the table and further drive prices downward. In addition there have been a lot of pump only ico and currencies making there way onto the markets, the industry needs something like this to shake some of the no value pumps out and give the cryptos more credibility
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