Crash: This could be the reason

[AleksandrKosov]

I`m not sure but a few guys on youtube say, that the crash is also caused by the shutdown of bitconnect. They had a huge marketcap, now they closed their lending-service.


https://coinmarketcap.com/currencies/bitconnect/

Someday the bitconnect had to close. This is a pyramidal scheme for building a business without a product. What else can you expect from it. The collapse of the scheme was a matter of time.

[Thanasis]

I`m not sure but a few guys on youtube say, that the crash is also caused by the shutdown of bitconnect. They had a huge marketcap, now they closed their lending-service.


https://coinmarketcap.com/currencies/bitconnect/

There are many reasons involved in the current price fall but as you said the shutdown of bitconnect made a big impact on market cap calue and it is almost turned into half in just two days.But the main reason for the price fall is rumors so please stop spreading negative thoughts about bitcoins and other coins.Then we can see some growth in the price of crypto currencies.

[kpcda]

thank you for this news .this could be the reason for this market crash.total market cap decreased to 20-30 % for this days BTC down to near $8500 from $14000 this is real panic situation .then we want to HODL our coins till market settle down .

[bxipp]

thank you for this news .this could be the reason for this market crash.total market cap decreased to 20-30 % for this days BTC down to near $8500 from $14000 this is real panic situation .then we want to HODL our coins till market settle down .

Welcome to cryptos where everything are has being setup by the whales and the owner. We are small fish just can follow the river.That why i cash everytime it skyrocket and buy new coin to hodl.

[PalindromemordnilaP]

There might be any reason aside form what is being presented in the OP but i think it is just very normal for this cryptoworld where market is bleeding and almost all cryptocurrency is plunging. All i hope is that it will slowly goes back to normal.