Topic: Crypto fell into wrong hands in December 2017 (Read 890 times)
The real crypto enthusiasts are aware that crypto is a volatile asset and its price keeps going up and down so they would never complain when the price goes down since they are very optimistic that the price will rise up again.
How can they do panic selling if they have all left crypto as you say. It is true that many investors arrived end of
2017 to the space uneducated about crypto. They got a hard education during the bearish market in 2018.
Many of them left as they were not prepared waiting for years to have there funds increasing.
2017 to the space uneducated about crypto. They got a hard education during the bearish market in 2018.
Many of them left as they were not prepared waiting for years to have there funds increasing.
Most of the people who joined the crypto community at the later part of 2017, especially December were not any real crypto investors. They just heard about the booming prices and decided to join and also make profit. They don't know the potentials of the blockchain technology and the future it holds and that is why now that prices are down, they have all left the market and its left the real crypto enthusiasts. They are those who are seriously doing panic selling over the markets
I do not think it was wrong hands, in December 2017 there were a lot of ponzu schemes that used bitcoin , a lot of bitconnect and it’s likes, that pushed the demand for bitcoin, increased its hype massively and cause an rapid rise in value
In December 2017 crypto currency did not fall into the wrong hands
It took advantages of the massive hype around its growth and that caused a lot of demands for bitcoin which pushed the price
It took advantages of the massive hype around its growth and that caused a lot of demands for bitcoin which pushed the price
I think this game started long before 2017. In fact, we are all hamsters who collect scraps for the big players. I think I should work with what we have!
I don't want to agree that they don't know anything about crypto,they must have been enlighten before deciding to invest their money it,though some if them might have left.
In 2017, when cryptocurrency was growing, new groups of participants came, which did not really understand it, but wanted to receive income. Now we have witnessed that the market is in decline, and they are gradually leaving it. Prospects for the blockchain are great, waiting for the desired profitable time.
The booming price of crypto in December 2017 helped make Cryptocurrencies more mainstream and you all have to admit that it made crypto reach more people even though there was some side effects.
At least they are the ones who share the news and developed the crypto community with this huge amount of people, people rush into crypto in 2018 hopping for a brighter year like 2017 but all went wrong, but most of them are the ones who lost because they never thought of the price going down to where it is now. But at least they spread the news
But most of the people who entered in December 2017 didn't made any profits because the all time high price of bitcoin was at that situation so they made lose or heavy losses.but there are some people who entered early without knowing any knowledge about the potential of blockchain also made huge profits just like tho.
In 2017 people want to know what the crypto world is and they start investing because they know that bitcoin is on the rise at that time and after passing it slowly begins to leave it with a market that continues to fall and until now there are still doubts about cryptocurrency.
In pursuit of relatively easy profit, many are not inclined to constructive analysis of the market. Therefore, as a result of growth, we see an impressive influx of new participants into the cryptocurrency market. And later we observe the inertia of their outflow due to unfulfilled hopes for a downward trend of the market.
I'm done saying that the 'real' enthusiasts are left to the market now. It's a free market and everyone is free to join and stop with his/her investments on crypto's. But there's a reality that most of the investors who rode the all time high by that time aren't really for the technology, it's a fact and most of those ICOs which people believed going to bring profits to their money was now done and gone. It's hard for such ICO to come up to the market at these days.
Yes exactly, FOMO is the major reason why a lot of people joined cryptocurrency and purchased different coins or tokens last year December. They heard of this magic Internet money that keeps growing and wanted a piece of the pie.
Cryptocurrency market begun 2018 with the price correction and a lot of this people started to cut their losses and get back their Fiat.
Cryptocurrency market begun 2018 with the price correction and a lot of this people started to cut their losses and get back their Fiat.
2017 is good for me why its not good for you because the price of bitcoin get pump up for a huge amount of price until we meet 2018 all altcoins get dump and also affected for those new coins that release at every ico.
The market appears commencing to have positive trends. I will say that on the subsequent we have a tendency toek we could have a far better worth improvement on several crypto coins. So, it'll be onerous to you if you're looking ahead to the decline once more. the costs of bitcoin and ethereum are rising o.k.
Most of the people who joined the crypto community at the later part of 2017, especially December were not any real crypto investors. They just heard about the booming prices and decided to join and also make profit. They don't know the potentials of the blockchain technology and the future it holds and that is why now that prices are down, they have all left the market and its left the real crypto enthusiasts. They are those who are seriously doing panic selling over the markets
I think that not all weak hands left the market. Many people are at the limit. I am sure that the potential for panic sales is still very high. The fewer the players, the easier it is to manage the market. Prices will continue to fall soon. This year, nothing good will happen.
Most of the people who joined the crypto community at the later part of 2017, especially December were not any real crypto investors. They just heard about the booming prices and decided to join and also make profit. They don't know the potentials of the blockchain technology and the future it holds and that is why now that prices are down, they have all left the market and its left the real crypto enthusiasts. They are those who are seriously doing panic selling over the markets
This might be right to some extent but it is not categorically true because no enough proof to show that this person or that person was involved in such situation during December 2017. I think FOMO might also be the reason but as it is the Market sentiments comes into play and we have found ourselves were we are today so let's hope for the Best to come.
That kind of hype is common in any kind of thing, when ever something is rising, then many eyes will look for it and they are racing to join, hoping that they will also get the hype, and mostly that will end up making the condition worse.
I just cannot say anything. It probably true that in that time, so many people followed the hype because of the big price of the crypto and the profits that were very booming. However, it doesn't mean that it goes wrong, it may be running in the cycle and we must wait the next cycle again to increase.
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