RE: Cryptocurrencies have dropped 11 percent

You are viewing a single comment's thread from:

Cryptocurrencies have dropped 11 percent

in cryptocurrency •  7 years ago 

The price drop is due to new Chinese regulation regarding ICOs and Cryptocurrencies (see this post).

cryptocurrency
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    1 vote
    2
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!
    Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    This is also correct but not the entire aspect

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      [-]
        ·  7 years ago 

      That's right, there are many factors that went into the drop. One of them was a huge sell-off that occurred when Bitcoin neared $5000. Another was the Chinese ICO announcement, which mainly affected altcoins but also pushed the Bitcoin decline.

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00
        1 vote