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Author Topic: Why Crypto Market Feel Downfall  (Read 54 times)
Justindud
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May 29, 2018, 11:20:17 AM
 #1

The First week of May is the Good week for the Crypto Market the Bitcoin Lies 9K whereas today it's 7k. On the Other hand, all the altcoins feel lazyness today. What's the reason for this downfall? Roll Eyes Roll Eyes
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BitcoinHodler
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May 29, 2018, 11:58:12 AM
 #2

Valar Morghulis, as they say it in High Valyrian. all shitcoins must die.

when they get pumped, they must also be dumped. traders aren't just buying shitcoins to have bought them. they buy them to eventually dump them to get a bigger profit. granted most of these traders are newbies that end up bag holding and thinking they are good at it. which is also why we are seeing this slow dump instead of a much faster dump to go down to real values. it is because newbie bag holders hold their bags tightly and let go when they are in serous loss.

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princesocapuyo
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May 29, 2018, 09:14:18 PM
 #3

If you look at the total market cap, you would see that a huge amount of money has been pulled out of the cryptocurrency market in the recent weeks, with so much money leaving and not enough money coming in, the value of the cryptos are depreciating which is why the prices keep falling. Once enough money starts going back into the market, then the prices will start to recover.

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May 29, 2018, 09:26:56 PM
 #4

The First week of May is the Good week for the Crypto Market the Bitcoin Lies 9K whereas today it's 7k. On the Other hand, all the altcoins feel lazyness today. What's the reason for this downfall? Roll Eyes Roll Eyes
I am also looking for the cause because I also wonder why the market can be like this when I think there is not much negative news for crypto which usually keeps the market down even what I hear is positive news for example amerika will receive bitcoin for tax payment there and this should good for the market

islakevin
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May 30, 2018, 05:47:56 AM
 #5

Well this is just a major correction of bitcoin because it went up too much thats why people take profit during the all time high and this is the effect , now they are already accumulating coins and bitcoin to regain the all time high or to have another all time high which is good.

mobilezz
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May 30, 2018, 05:50:50 AM
 #6

The First week of May is the Good week for the Crypto Market the Bitcoin Lies 9K whereas today it's 7k. On the Other hand, all the altcoins feel lazyness today. What's the reason for this downfall? Roll Eyes Roll Eyes
Continuation of the bear market, for correction, there is a very strong and prolonged fall. I wonder how the market will now react to green days for all coins.

honghe99
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May 30, 2018, 09:25:52 AM
 #7

My friends, the cryptocurrency is no longer a cryptocurrency. It needs stability and external force. Look at the current situation. This situation is ideal. Because when he wants to go up, this is a very good investment product. This is a movement in the history of human development.

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