Dear friends,
From the last couple of months, our very favorite crypto market is continuously showing bearish trend! Why so?
Let me try to point out some reasons:
We have seen a big gain last year (2017), so a big correction was obvious to happen, this is pure economics.
First half of this year, we have experienced many negative things involved with this market. Korea FUD, Facebook blocked ICO ads, Exchanges facing problems with the central bank in India, SEC (USA) regulations etc. For all these reasons, market has shown bearish mood.
Hackers stolen assets from many exchanges, even some big exchanges were the victims as well! In this case, some traders are feeling unsecured & quit from the market!
This market is still pretty new to a lot of people, a big number of new people joining this market but they aren't familiar with the high volatility of this market, that's why they fear when they see the fall & panic sell mostly come from them! In this case, some whales are playing with the emotion of new people! These whales are investing big amount & they are taking short term profits!
Many other small reasons are here & there. But in my opinion, those mentioned 4 reasons are the main reasons for such type of bearish mood of this market. But we can easily overcome this bearish situation. let me be more clear about this...
Correction is a part of trading in any platform. If you have bought something at the high, please be patient & hold your coins/tokens very tightly. Don't be panic & don't sell. There is no loss, until you sell. Just try to understand the logic pls. The main logic is supply & demand. Cryptocurrencies are limited in supply, but the demand is growing very fast. If you have invested in a good project (that have real case usage), then the demand will make the price higher day by day. That's why each BTC is trading at thousands of dollars, but came from cents only! So, patience is the key here for your big success.
FUD will be always there with a financial market, it's because some whales are always hungry to eat your money! Korea FUD has gone already. Facebook can do nothing to this market even if they ban ads. Pls remember, last year China banned BTC mining, market crashed immediately, BTC dropped from $3800 to $1600, but at the end of the year BTC were at almost $20000!!! This technology is here to stay, believe me! Regulations are always good for a financial market. When the regulations are here, big money will start coming fearlessly! Nasdaq (biggest stock exchange of the USA) will start cryptocurrency trading very soon, this is such a hugeeee indication of a upcoming bull market.
Hackers are attacking the exchanges, this is really a big concern! Some big exchanges have been attacked & assets stolen! Don't know why I feel something phishy here! A lot of people, institutions (specially the banks) are very much jealous because of the rise of crypto market, they are afraid that they will be nothing in the future if crypto market always grow in such a super sonic speed! They don't like to loose their control over people's money! I think, all these hacking incidents might be intentional to make people afraid of this market! Well, if this is true, all of us should be very careful. Exchanges should bring more security to their platforms. Traders shouldn't store their assets in the exchanges. Please be careful, exchanges are just for trading, not for holding your assets. Always use your personal wallets, specially hardware wallets! Keep your private keys in a safe place. That's how you are safe!
Dear new comers, pls don't be panic. Don't help the whales to eat your money very easily. Don't sell anything until you are in profit. Choose the good projects, hold your asset for a long time & enjoy big profit.
Finally, saying again, pls don't be panic at all! This revolutionary technology is gonna rule the world in the future. Just don't be panic!!!!!!