Is this the end of Crypto Currency!???

in cryptocurrency •  7 years ago 

Quick Overview of the beginning of 2018

In early January the Crypto Currency Market Cap has reached upwards of $830 billion but since that all time high the market has all of a sudden dropped drastically to as low as $348 billion. The Crypto Currency market has lost about 60% of its investments, losing tons of confidence. The bloodbath continues and there is no way to tell when it is going to end. Checkout this chart showing the Early 2018 movement: (https://coinmarketcap.com/charts/).

Why did the Market Crash?

There were a few reasons why the Crypto Market crashed like it did. First of all India released a document re-confirming that Crypto Currency is illegal in their Country. Even though this has already been talked about and stated, another document being released scared many investors into a panic selling mode. Here is what was said: (https://www.theregister.co.uk/2018/02/02/india_to_ban_cryptocurrency/).
Secondly, the Chinese government stated that Crypto Currency exchanges needed to shut down and in response to that, Binance; the largest exchange, decided to block the IP addresses of all users in China. Take a look: (https://news.bitcoin.com/life-chinas-exchange-ban-interview-hong-kong-based-binance-ceo-zhao/).
Lastly, all the people posting FUD articles on Crypto Currency saying that the market is going to crash or that it is a scam really scares off all the newbies in the Crypto world. Today those haters are saying "I told you so". Little did they know that Crypto Currency has always been a volatile market, constantly going up and down. Right now it is down, but every time it goes down it tends to come back much stronger than it was. Go check the history here: (https://coinmarketcap.com/charts/).

Should you Invest or sell??

I have been investing in Crypto Currencies for over a year now and I have learned to stay strong, not worry about the drops because they are going to happen, and to invest more when the market does drop. I like to strengthen my position when I see a weak market like it is today, it's like Black Friday in the Crypto World. History shows that every time the market crashed it came back stronger and I firmly believe in that. As long as this continues, a couple months from now you may see a huge increase in your portfolios:). You have to take risks in order to have a chance at those massive gains. I think it is a great time to invest but that is my personal opinion, invest at your own risk. Stay strong and HODL!

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