WOW ! Almost the Whole Crypto Market is Dumping !! Why ? 🤔

in #smartcryptotrader7 years ago (edited)

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Almost the whole Market is Dropping these are not common panic sellers Dips

it's seems something else

maybe a Sign is Something Big 🙄

i Can't Figure that out Why everything is Going down together which is not a really Good sign

let me know if i'm missing something !

Market Cap Still above 700+ Billion tho

i know everyone have this Question so doesn't mean i won't have that and this is not to make you Panic 🤔

Make sure you have stop losses and recently we ahd bad news of china miners and microsoft stopping bitcoin payments .........

not really sure what's the reason of we going for the whole market correction 🤔

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This is happening due to crashing of ripple. "The reason ripple is surging so much is it's a bubble," said Erik Voorhees, CEO of digital asset exchange ShapeShift and a vocal advocate for Bitcoin as a way to separate money and the state. "Testing crypto with banks doesn't make sense. The whole idea of crypto is you don't need a bank.” Banks can easily increase or decrease Ripple price.

Anybody kmows why market is down?

i'm looking for solid answer too :)

I think its just a trick to get cheap bitcoin for the big whales. However, I may guess bitcoin will be blast very soon it may happen within 3-4 days.

As of today i have done my research its just triggered the panic sellers that we should be CAUTIOUS in crypto market .So that the traders are booking their profit in a huge amount .which dumped the market around 20% but on other hand the market recovered a from that 20% dump.

Hey Arslan, I think if this goes more south, then it might be the first 'crash' or 'correction' of the new generation of crypto traders and investors and it might not turn out good. They haven't experienced the older 'crashes' before and might all just do alot of panic selling. So i guess we can only wait and see...

what you think , kahan tak bitcoin price dump ho gi?

Bitcoin as long as holding 14k + it's safe dropping below that is not safe

What do you think june 2017 will revise itself?

arslan ur analysis is good .. :) i also like ur signal ..

only reason to market is south corea because south corea is one biggest country that use cryptocurrency and recently there 6 local banks under investigate and trading not happening there ..