Crypto Is Dead Again?
We broke a support level today and the stop losses triggered in a cascading effect. This resulted in a drop of $50 Billion in about 18 hours. The market is testing the lows, will we see a bounce? Nothing has changed in the big picture for crypto, the fundamentals remain intact, this is mostly fear in the market. Banks and Funds are going to be in this market soon.
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It's the banks that are hell bent on pushing the prices down especially when they see an opportunity with low volume.
@investing Yes, very far of our desired; anytime it could change, but not as fast as I did read, in one post last week. It is difficult when regulations are coming into it.
Yeah looks like that crypto is great again. Another shift in the market call of steem. This price drop looks like it's going to deal serious damage and on the other hand there is no profitable bussiness alternative.
We hope that price drop will not stay in the long run.
This is a really difficult time for all crypto investors.
I'm scared shitless right now.
I know this is the time to keep believing and hodl, but that doesn't change the fact I'm scared.
I hope it recovers soon
I really hope it happens soon.
All these regulations and bans are really testing the investors.
It's frustrating to see yet another drop, but it's a buy opportunity for some of the tokens and coins if people have been saving their money. If the investments are solid and people hold the course, they'll be there to ride the wave when those banksters come rushing in with all their money at the drops.
Not investing advice. Do your own research.
i think it is opportunity for everyone who have missed at earlier times
atleast i can afford now having some
that is miserable
we can expect some institutional money flow soon
There are such a large amount of use instances shooting up everyday and a lot adoption taking place, I can't assume how any person would declare its lifeless. ATM's are rolling out, firms are excepting it more and more. I think like too many men and women expected this to occur over night.
I saw everything dropped pretty good. If you believe in the future of the technology the price drop is a great opportunity.
I wish I had more I could invest right now honestly. I strongly believe BTC will see $10K again within the coming months.
Just be cautious