And its often lava flowing there !
As every person interested in crypto, from near or far, everyone has either feared this day - was waiting for it firmly -or was impatient that it happens.
Yes, impatient. The sales are always well welcomed by the first arrivals, or rather the most prepared because all is always only history of organization
In spite of everything I am like everyone else, the knowledge nearly good, the being and efficient way is more delicate.
I think that some believe strongly in cryptography, and although this market is extremely volatile and subject to a lot of manipulation, I think the market will rebound very quickly
Impatient would tell you? Well, we have a new crash this time more brutal, and more prolonged than the other times, contrasting very particularly with scenarios, yet very recent Such as ANS (neo), Numéraire, Cloackcoin.
So if we assume that the index of the bitcoin is done in relation to gold, we can assume that this event this morning (according to the time zone) has strongly participated in the general panic, note in addition some crypto backed By gold as DigixDao, OneGram, Xaurum to name a few.
"Panic on board"
http://www.zerohedge.com/news/2017-06-26/gold-crashes-someone-dumps-2-billion-fat-finger-blamed
So who is the big boy now?
Selling as much gold, tons and tons of gold in such large quantities necessarily impinges upon the financial markets, irrespective of whether gold is a matter of reference, the intrinsic value that is considered to have a monetary aspect, then the crypto has surely to be affected and I imagine, given the volatile and very hazardous aspect of the crypto, the panic did not have to be very far.
I would like to have opinions on this event and why not more / or less arguments in favor of its possible impact!
Steemit, have a great day -
I agree with you that this is a volatile market, but that it is likely to rebound. Greed and fear are the 2 main things that drive most human behavior. Is it any surprise that they operate in the crypto markets as well.
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Very good article. Same thoughts here. The price of a coin should depend on the quality of the product, the team behind it, if proffesional investors believe in it, and a lot more facets. Personally I always use: https://www.coincheckup.com I'm really enthusiastic about this site, they let you analyze every single coin out there. Check for example: https://www.coincheckup.com/coins/Xaurum#analysis To see the: Xaurum Report.
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