Why Crypto currency crashing...?

in steemit •  7 years ago 

Reason as per social media...a latest rocky patch for bitcoin is thought to have been triggered by rumours that the Tether cryptocurrency has been artificially raising its value. what is theter? Tether is owned by a trading company named Bitfinex which has recently come under scrutiny by a blogger identifying themselves as Bitfinex’d. please comment on it and give your point of view..

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7 years ago by

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      ·  7 years ago 

    Crypto also got hurt by Facebook announcing today that they will no longer accept advertisments for cryptocurrencies to stop scam artists. The weird thing is that their majority shareholders all have bitcoins or some other crypto. Whatever... this makes Steemit all the more worthwhile and is a great time to buy while its low. Also crypto in general usually takes a nosedive after the new year but does come back. We shall see... :)

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        ·  7 years ago 

      that 's true they hold all kind of cryptosbut I am little confused how can facebook advertisement effect the Bitcoin? i think it's good news they are trying to stop scam people..so the market will be on sound feet after...am i right??

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          ·  7 years ago 

        Yeah I see your point, but many new people in bitcoins have a knee jerk reaction to negative news and go crazy and sell it.

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            ·  7 years ago 

          you are absolutely right ...people who enter in the market to make money on daily basis because of market was rocking last 2 months..a lot of people used credit cards etc for it and now market is paused on one point from last 30 days and now they need money for survival..

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              ·  7 years ago 

            Bingo!

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                ·  7 years ago 

              The news turned out to be of last year. Now is still a good time to buy

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                  ·  7 years ago 

                everyone is saying from last 3 weeks, it's buying time but it keep going down again and again ...our bank accounts are empty now:-)

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