Crypto is decentralized currency yet it has to be managed through a decentralized regulatory authority or board. In our case, these are exchanges and the rules of the countries where these exchanges work. Recently at the start of 2018, we have seen a drastic decrease in the price of the cryptocurrency and there are many reasons.
- Korean exchanges were shut or suspended that was why the price came down.
- Many cryptos were introduced in the market which was supplied in billions of quantity per month. The increased supply negatively effects the price and the price ultimately goes down.
- People think that it is easy money so they put all their investment and hope for quick return. But it is not who the markets work. Warren Buffet says that share market or any market is profitable for someone who has patience. So keep patience and think it of a long term investment.