Crypto Markets Down - Reason

in #bitcoin7 years ago (edited)

Crypto markets down. Mixture of these reasons:

  1. Chinese New Year approaching
  2. Traders and whales paying taxes
  3. Traders and whales who waited until after Jan 1 to pull out funds
  4. Whales manipulating low prices to allow Wall Street money to flow in (think bonus season)
  5. Huge FUD week (South Korea, China, France)
  6. Market was ready for another (natural) correction - the % increase we were seeing was unsustainable.

If you missed out on some #altcoins earlier on, now is a good time to buy them at a major discount!

Source: Crypto Signal

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Oh men so you are telling me that buying altcoin is a good choice? I really want to invest in a cryptocurrency but dunno wich one. I didn't know why the markets were going down all these days, so thank you my friend. I give you a follow with no dbout (Y)

You can follow my longterm investment in Stellar (XLM) and thank you. Really appreciate that.