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RE: Crypto Update: Mt. Gox Trial Begins, Cryptocurrencies Crash, Time to Invest!
i read in an article on CNBC that says bitcoin is falling due to two reasons - Exchange outages - now this is what i have been hearing everytime a fall in the cryptoworld happens, COINBASE has become the god of cryptoworld by controlling the price, every article says that there was coinbase outage which led to panic selling. i have started to hate coinbase now
Second is the high raise in ICO - perosnally i have always asked in various posts that is there a relation between the ICO and the falling price of crypto coins. i do not know for sure.
overall i do not think that we can sum up the entire fall in just 2 reasons, there is inception of events taking place nowadays. All we can hope is for a better tomorrow
Thanks for sharing, the coinbase issue makes sense. We'll see how the prices develop/recover in the next couple of days
Crashes are always a combination of factors. Take into account that Bitcoin has reached a big media visibility in the last couple of years and a mediatized trial like this hits hardly on mainstream investors.