Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Fact on March 13, 2018, 12:42:56 PM
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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.