After a huge sell off, Crypto Graphs are Falling down like crazy. Bitcoin is below $4000

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There is a huge sell of crypto coins are taken place last week and this week. Because of that, all the crypto coins are losing their potential in the global coin market. Almost more than 90 Crypto coins are running in loss.

Coinmarket Capital lost 38 billion this week. And it's lost more than $70 billions in the last 3 weeks. This is a huge down, that's ever happened in the history of the coin market.

What happened to the crypto market?

Coin Market was a good potential and was soaring with the huge number of buys took place in the market. Everything was good and in fact, it was a golden month for many of the crypto coins. But suddenly there is the big bomb came from the china that is banning 'ICO's.

ICO (Initial Coin Offering) is invented to strengthen the new crypto startup companies for their venture capitals across the world. After the ICO ban all the crypto startup holders are sold, their coins in which the market fall is started at that point.

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And there is rumor spread over the coin market that the china is banning bitcoin exchanges too. Since it's a rumor, but it has effected a huge amount on the coin market and hence it's caused to sell many bitcoin holders to sell their coins. As we all know bitcoin has the biggest dominance compared to rest of the coins.

After the huge sell off took place almost many of the crypto coins are falling down to the ground. That's a huge loss almost 40% down from it's recent growth.

Buyers are Happy

The new crypto investors and buyers has been waiting for this moment for so long. Now they are happy because they got an opportunity to buy some crypto coins at reasonable prices. I hope with the huge investment from the buyers will make the coin market go higher like before. Hope for the best

Sellers & Holders No Need to Worry

Unless you don't want to sell your crypto coins urgently, then you no need to worry, losing and gaining part of the game. Wait for the best time to get the good price. Have some patience.

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Advice to Steemit Users

If you are exchanging steem to bitcoin and if you need money urgently. Buy and Sell immediately, do not hold. Because the coin market is totally down now. If you don't want to get the low price to your steem or SBD you should buy and sell immediately.

Note: Follow this advice only when you need money urgently, through exchanging your crypto coins to actual currency.

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