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RE: Why cryptocurrency prices are in free fall
Every single one of those numbers is very incorrect. Currently we are sitting at $88 Billion in market cap. Ethereum is at $208 and BTC is at $2593. Also you are wrong about why the price is dropping and if anything these prices should be viewed as a sale on cryptocurrency. If people are speculatively trading then they buy and sell every day and the volatility doesn't matter one way or the other and if they are investing in cryptos for the long run then this volatility means nothing to them right now.
Apologies. The article is a week old. Since the prices are still falling, I thought my points are still valid in the current scenario as well. Yes you're right, this can (and is) being viewed as the best time to buy cryptocurrencies, but if the split does happen, it will further lead to the devaluation of Bitcoin and all other cryptocurrencies. Again, you're spot on - it'd be beneficial for investors if they are buying in right now as a long term investment.