Recently we have seen many fake news that has created massive panic among people and that panic created huge dump. Now we have to stop spreading false news to stable crypto market.
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Bitcoin is the first digital currency and it the most used currency after USD. Bitcoin is not legit currency in most of the countries because its transaction is out of control for any govt of any country.
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It is a matter of fraustration that bitcoin is now on the risk in peice but demand is high. Panic sell is the main reason behind the present dump. It will be fine soon.
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Cryptocurrency market is at risk now by some greedy people who are always spreading rumor to dump the market so that they can buy at cheap rate to earn huge profits.
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There are some blackships in the cryptocurrency market. They are taking profits when it pumps and the spread rumor like China banns crypto and other false news to dump the market so that they can buy at cheap rate.
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It is temporary and Bitcoin will bounce back soon. Panic sale is dumping the market and last 5 days the market price down almost 50%. This is nothing to be worried about at this situation.
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Panic selling of Bitcoin is the main cause of recent huge dump. I don't think it is any technical problem or technical signal but it is the fruit of rumor spreaders. They are dumping and buying, they will pump the market again by spreading some positive news soon.
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Last few days i have made few transaction of Bitcoin, I have seen transaction fees are very low compared to the past few months. I think now it is fine.
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Some people are spreading rumor about Bitcoin "Bitcoin is now a dead coin". I think Bitcoin is not a dead coin, it is the first digital currency in the world. Within next 2-3 year Bitcoin price will boom.
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Maximum people are spreading rumor about Bitcoin to dump the market so that they can buy at a cheaper rate and then they will spread positive news for few days to pump the market in order to make profit.
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I believe in Bitcoin and its future potential growth. I have still hope and aspiration about Bitcoin. It is good time to buy Bitcoin. Compare the price of 2 years ago and now, you will able to compare from two years now as two years past.
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The news was old and the present news is - all things related to facebook promotion are fine and going smoothly. There is no problem at all now.
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I don't believe on technical support for dump or pump now. It depends almost fully on the rumor or good news to dump or pump. People are affected by the rumor compared to his/her technical or personal knowledge. That's why this the poor scenario of the market now.
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The most and profitable way to earn is to invest in Bitcoin. You can buy Bitcoin from localbitcoin or from your local people. Hold your bitcoin in blockchain and wait for pump soon crossing $10k.
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Obviously cryptocurrency will become as a method of payment in the upcoiming days and Bitcoin will lead the system as now it ti leading from 2009.
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Without Bitcoin, the future of curyptocurrency will be impossible to survive. Crypto markets have grown depending on Bitcoin and blockchain. We agree with the demand of altcoins but If bitcoin will fall in near future, cryptocurrency will be unavailable.
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It is true that Bitcoin mining costs are now greater than actual market rate of Bitcoin. So bitcoin miners are in great loss. If miners stop mining Bitcoin, Its security will be in great trouble and bitcoin price will surely fall.
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Red market is not a fact as we know it is temporary fact. Panic sale and spreading rumor is the main reason behind the dump market. Without bitcoin, cryptocurrency market is like a boat without ferryman. We cann't imagine crypto market without Bitcoin. It is still alive and hope in the future too.
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Bitcoin cann't be judged by its price either price will hit $20k or not. Maximum members are spreading rumor to dump Bitcoin price because if price will decrease, they will buy and make profit.
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