Community post
Crypto Markets Down - Reason
Crypto markets down. Mixture of these reasons:
- Chinese New Year approaching
- Traders and whales paying taxes
- Traders and whales who waited until after Jan 1 to pull out funds
- Whales manipulating low prices to allow Wall Street money to flow in (think bonus season)
- Huge FUD week (South Korea, China, France)
- Market was ready for another (natural) correction - the % increase we were seeing was unsustainable.
If you missed out on some #altcoins earlier on, now is a good time to buy them at a major discount!
Source: Crypto Signal
Replies (2)
Oh men so you are telling me that buying altcoin is a good choice? I really want to invest in a cryptocurrency but dunno wich one. I didn't know why the markets were going down all these days, so thank you my friend. I give you a follow with no dbout (Y)
You can follow my longterm investment in Stellar (XLM) and thank you. Really appreciate that.