BITCOIN CRASH EXPLAINED!
Bitcoin and other cryptocurrencies are taking another leg down. Facebook banning crypto adds, Futures recently expired, Tether subpoena and other negative news are probably affecting the price altogether. Nevertheless the second layer solution Lightning Network is evolving fast. Also the Mempool (unconfirmed transactions) is empty but there are no news about that on CNBC at all. Coincidence?
Interesting, there seems to still be a lot of people in the market with a hair trigger fear response. It's as if any bad news is the beginning of the end in many people's eyes....the crypto community needs to grow a backbone!
Or perhaps more accurately ...the people in crypto for tech have a backbone...it's the "dumbass get rich quickers" that need to grow a back bone!
While I have moved all of my original investment into SteemPower and back to me, everything I have left is pretty much profit and will ride it out for however long it takes. If one cannot take the heat, move to the Artic! (get out of crypto!)
Really great video! 🙌
I totally agree about big money that is currently manipulating the BTC market. That is why all the analysts are wrong with their predictions.
Exactly what I was looking for!
Upvoted, resteemed and following!
Welcome and thanks.
There are a lot of news and I think there is one crash after another happening but the main problem is bitcoin price. People got out of bitcoin to move into altcoins and most of newcomers were comming from this story of "bitcoin got at 20.000$ , will it get 100.00$ " or stuff like that.
90% of random people who heard of cryptocurrency from tv/ news/facebook etc. just know about bitcoin. As they see bitcoin price dropped by half in 1 month they are not intersted. I think if we want a short term grow in the market we need to move back to BTC, else we just have to wait for the masses of people to educate themselves on crypto, which may take 1-2 years ;p
Hey sonny do you think the crypto market going to up back to were it was anytime soon
Yes I think so but nothing is guaranteed.
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I would love to know why they stop pump bch although I don't invest in its because I don't like centralized coin it can be manipulated at any given time
hi sunny now the futures are sucking the market dry, and have just expired is there a new lot of futures to be sold?
I think the main issue here is that cryptocurrency challenges the debt-based monetary policy we are all used to. That fact that banks don't "print" bitcoin is worrisome for them since they can't charge for introducing currency into the market like the Federal Reserve does. Cryptocurrency will continue to become more popular. At the end of the day, value comes from goods and services and currency is just a medium of exchange people can agree on. The banks are worried about losing money, but governments don't mind as long as you can still be taxed.