2 Reasons for recent slow movement in cryptocurrency
It is no longer news that the cryptocurrency market capital has been down for two months now and it has been very slow in regaining it's stand. The cause of the recent fall in cryptocirrency can be traced to the FUD (fear, uncertainty, Doibt) that took place around mid January.
However, the cause of the snail movement in cryptocurrency can be traced to crypto Pump and Dump group. Cryptocurrency pumping is an act committed by mutual group of people who collectively buys a particular cryptocoin and sell it off within a short time with the purpose of making huge profit thereby causing too much fluctuations in cryptocurrency and loss of funds.
Meanwhile, people spread FUD just the crash price of cryptocurrency so that they can buy back.
Many may ask, is it FUD that's causing this problems or crypto pumpers? Truth is, fake news which causes FUD, can easily become stale news within a short time hence: when fake news becomes stale, it gives way for the true story to trip in. Perhaps, is expected that the cryptocurrency should have bounced back by now. But it has become a snail in its movement because of cryptocurrency Pump and Dump group.
Above all, this is the best time to buy and hold. You may have heard one of the cryptocoin acronyms used by traders BTFD meaning
“Buy The Fucking Dip” – When people are running around and selling because of fear, this is the time to buy.
No matter it's stuanted movement, cryptocurrency will surely skyrocket in the next 5months.
Last year when bitcoin price was $500, we speculated that there will be increased price hence, we told everyone to buy and hold as it will rise up up to $18,000 and it did happened.
One last thing, am happy to announce to you guys that cointatecap.com will be finally launched by ending of this March. And we will be announcing our top partners to you all.
Our project is still on going and we aim to give value to the world. We will appreciate it if you ,UPVOTE, FOLLOW US, LIKE and SHARE our post.
Stay Tuned.
