Why cryptcurrencies are no longer growing as much as we expected

in #cryptocurrency6 years ago (edited)

There are multiple reasons that we are now in bear market. That means people wants to sell more than to buy. I have summarized some of the reasons here.


Image source:

  • Some of the investors are leaving from the market. Actually people have a little knowledge about cryptocurrency. Due to the abrupt fall and rise of the value of crypto either they stopped buying or sold their crypto.
  • Most important facts that affecting the price of cryptocurrency is bad news. Rumors about banning crypto, hacking crypto wallet and using of coin for illegal purpose all these news affecting the value of cryptocurrency.
  • Cryptocurrency market is too much volatile. Also there is a chance that the market is manipulated by whales.
  • The market of cryptocurrency is still unregulated.

There are some minor reason that affects the crypto market. But in case of cryptocurrency you are the owner of your money. There is no way you can loose your coin except trading. So, I think you can invest in the market and wait for the rise again.

Sort:  

The force is with you! You got a 50.00% upvote from @steemyoda courtesy of @steemitgeek!

You got a 83.43% upvote from @payforplay!

You received a 100.00% upvote from @brotherhood thanks to @steemitgeek!,
join on @brotherhood community on discord channel:https://discord.gg/3HZdaGk and share your post there.

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 62094.36
ETH 2436.39
USDT 1.00
SBD 2.50