Holders Have to Show Some More Patience As Traders are Crashing the Market
Due to some genuine reasons market is crashing again because of crackdown on exchanges in japan. In some article I read last year that this year will be the year of regulations and it has been proven right.
Russian prime minister has set a dead line for its finance ministry after which cryptocurrency will be legalize in Russia. This news has also activated the traders to sell their bitcoin so that they could buy it at low value.
Each time when some news spread into the crypto community traders start selling their bitcoin along with those people who really got affected with the news. Some fake news also become so popular that very less users show courage to deny the news and it becomes very easy to crash the market when every one is ready to sell after hearing any kind of news.
Holders are those who believe in the technology they are willing to pay taxes and they know the worth and future of bitcoin very few people are holders but they will be successful in the long run and that would be the real success as they will be able to say that they believed in the technology since beginning.
I think it is the week hand that is crashing the market. Even if there is slightest smell of FUD and they sell their bitcoin. These are worst kind of people. These are people who invested in bitcoin thinking they will become rich overnight. Long term investors have nothing to worry about. Their investment is safe. 5 years down the road they would have earned a lot of profit. Many cryptos perform so good that they earn 30x profits just with in a year.
Hello @hamza-arshad,
the technology behind SOME Cryptocurrencies is just mind blowing and will be very interesting to watch in the next couple of years - currently I think that a price correction is very healthy as the hype around Cryptocoins was getting way to huge... Imagen that most, nearly all projects don't even have a well working product live and are worth million or even billions of Dollar..
What about yourself - Are you an Hodler? :)
I do some time behave as a week hand however I do not sell my coins when most of the users start selling their coin.
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What will the TRX be?
No one can actually predict the price of the coin. The value increase depends upon the mass adoption of a particular coin.
"Traders are crashing the market" C'mmoooon! THAT'S TOO BAD!