Hey Cryptoverse: Stock Market Having Worst Week in Years, Too

in #newslink7 years ago

Hey Cryptoverse: Stock Market Having Worst Week in Years, Too

As cryptocurrency traders have panicked over the evaporation of billions of dollars from the cryptoeconomy virtually overnight, traditional traders have also watched the stock market tumble on February 2nd, 2018. The takeaway? The end isn’t nigh for...

Read more: bitsonline.com

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Opinion: Bitcoin Price Dip Could Get Worse Before the Inevitable Rebound

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The pressure of the banks is really felt in the governments, but the crypto in spite of both attacks resist quite well, although it is known that there are some bad uses, but there is confidence that in the future a bank will not be necessary to have the money It will only exist in the network and not in an administrator called a bank.

The chart is always up and down, is there any chance of always going up?

The broader market sell off has definitely impacted the crypto market. In a risk-off situation people tend to sell higher beta assets first (like equities and in this case cryptocurrencies). The interesting counterpoint though is that if Bitcoin is digital gold then it should be outperforming in a risk-off scenario.

Hola cryptonized, upvote! ^_^

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