Hi Traders
Market is sinking down n down...why ?
Previously investers were keeping their money in these three forms
Bitcoin
ETH
Altcoins
If one goes down than they were shifting to another but since last 20 days all the 3 are going down so investers confused where to keep money.. some converted it to fiat currency and some got the way to USDT form. And as an reason marketcap is going down and situation became worst.
Another reason is the news of segwit in BTC.. nobody know with segwit BTC price will go down or up. Some experts says it may go down to 1900-2000$ and some says it will go upto 3100-3600$. But in long term always BTC will go up up n up.
But its for temporary that all traders should understand , those who has no.patience to wait they are selling in loss and they are the real loosers.
Some are giving a stop to their trading. Lol
Here we sud aim at short profit like 3% 4% 5% and market is allowing that in many coins.
The coins we are in loss that we have to hold. If price came down around half than we sud buy again to make average.
I hope its a rough explaination by cryptocurrency in simple language to make u understand.
Thank you