Why cryptocurrency is going down?
Reasons why crypto will grow again:
Bitcoin is already got status of legal currency from many countries like Russia, ukrain and other.
Countries like US, Canada, Japan and European countries are currently working in the direction of regulating it, which clearly shows that bitcoin will be there but in regulated way.
Many educational institutes, pvt. Companies and other organisations already started working towards educating people about cryptocurrencies and its use, which will surely have impact in number of people using bitcoin and other cryptocurrencies and near future.
I always suggest crypto investors to keep yourself updated and away from the fake news circulated by some people to buy profits throug creating fud.
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The price of Bitcoin fluctuates, that is simply the nature of new technologies. We saw Bitcoin, and the entire crypto market, reach all time highs in December and then it quickly dropped back to multi-month lows in February. Cryptocurrencies went through a drastic dip between December and early-February. So how can these dips be explained? Its difficult to pinpoint the exact factors which lead to the dips in the prices of cryptocurrencies but I will delineate a few of them here.
First off, we must understand that cryptocurrencies are not stable due to how early it is in the market’s lifeline. There is high amounts of speculation because we are still deciding the value and learning about the potential of this technology. This is one of the main issues that plagues cryptocurrencies: most people don’t really understand them, their value, potential, or their actual utility. Currently the price is highly based on manipulation and speculation.gg.png![ggggg.png]
A few other reasons cryptocurrencies prices may drop with little notice is due to the environmental factors surrounding them: government regulations, loss of interest in the market from the public at certain points, an increasing supply of available currency which can potentially oversaturate and cheapen the market, investor fear, etc. These environmental factors are difficult, if not impossible, to predict and many times they can be positive for the market. For example, we are seeing an increase in widespread acceptance of the blockchain which may be part of the reason for its price surge in the month of February.
My prediction is that the dip in the cryptocurrency market in January and February is the first of many market stabilizing corrections which will ultimately lead to a more stable market with fewer, more legitimate players which will offer a wide set of services and disrupt quite a few industries. That being said, regular dips in the cryptocurrency market are no cause for alarm. They are natural. What you have to do is learn how to protect yourself from the dips and hold on to your investments until the market finally stabilizes. Stabilization will be achieved when widespread implementation is achieved and we are seeing many signs of further implementation in 2018.
Given this information, and the bright future ahead of cryptocurrencies and the blockchain I suggest that you avoid just focusing on Bitcoin. Bitcoin is great because it is the front runner but how many of the frontrunners from the dot com boom in the 90’s do we see today? The companies that create the the technology are not necessarily the ones who survive because others can use their ideas and implement them in better ways which is what we are seeing in the market today. I suggest looking into investing in cryptocurrency indexes rather than individual coins.
By investing in cryptocurrency indexes you can mitigate your risk and place your bets on blockchain technology as a whole rather than companies that may be here one day and gone the next. This is actually one of the main services we offer at my company Samsa.
I would like to invite you to take a look at my company Samsa. Samsa is the first-of-its-kind automated cryptocurrency trading platform which allows you to invest in cryptocurrency indexes as well as view a stack ranked directory of thousands of crypto traders from around the world. You can view key metrics from each trader like average return on investment, and decide which traders you would like to follow. When you follow a trader, every trade that he/she makes on their personal portfolio is copied to your portfolio. You can follow multiple traders, and allocate different percentages of your portfolio to each trader. Currently we are offering two main strategies, a 5 token index and 12 token index. You can manually adjust what percentage of your portfolio you want to allocate to each index and individual token. We also offer a manual index approach that allows you to conveniently allocate different percentages to the top tokens on the market. Samsa is the future of trading in cryptocurrency and blockchain, it is the best way to approach this volatile market with facts and data on your side. We are currently offering a 30 day, no risk, free trial.
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