looking at the stats it looks bleak but I then looked at the 1hour stats and I noticed that all of the main cryptos have gained significant % in value all of them in the green 1h and they seem to be recovering with most now either in the green for the day or in the red but not a significant drop for the day
This is the most recent value from coinmarketcap.com
The volume is at 11.4bln so there seems to a lot of training going on and this means that a lot of people are still buying.
market manipulation ending
(dead cat bounce)
The volume is at 11.4bln so there seems to a lot of training going on and this means that a lot of people are still buying.
This could be the end of the bubble like the dot-com crash or it could be the end.
cryptos won't die I don't think and the blockchain will live for a long time as it is able to hold allot of dater securely but cryptos, as we know them, they are going to disappear soon the government, will introduce their own centralised version and they will destroy the others. we will still have some decentralised ones but this will become centralised by the government as they want to control all money creation.
I think people are starting to realise this and it is causing uncertainty about the future of some of the big names (btc eth monero etc) and this is the reason for some of the fall, China is already trying to centralise them by trying to prevent the icos and the exchanges soon they will probably try and stop people using crypto altogether unless it is there of course.