follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

Author Topic: Why are cryptocurrencies dropping and not growing a lot lately? Opinion  (Read 1931 times)

Offline Fact

  • Baby Steps
  • *
  • Activity: 25
  • points:
    87
  • Karma: 1
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: June 08, 2018, 01:32:26 AM
    • View Profile

  • Total Badges: 10
    Badges: (View All)
    Topic Starter 10 Posts First Post
Quote
Cryptocurrencies stopped growing because of the loss of volume that occur in daily transactions.

That means that people are trading less - Not so many people are buying and not so many people are selling.

Let’s take for example Ether, which surpassed $1 bln in daily volume at its peak in december in comparrison with $100 mln as of today 05.03.2018.

That could be a problem, imagine if something bad happens like Tether gets ceased by the SEC, the selling volume will surpass the buying volume by far, taking the prices in a downward spiral to hell.

In order for cryptocurrencies to start growing again, institutional money need to enter the market making the prices soar - That would increase the volume, making the big players re-enter the market followed by the new wave of adopters.

The next wave of news will either make or break them - A series of really good news are needed in order to make the market grow and only one bad thing to happen is needed to create panic followed by a selling spree.

Until now i have read only good news about them with more and more people, companies and even countries starting to embrace them.


Altcoins Talks - Cryptocurrency Forum


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here


 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod