Topic: If Cryptos are the future why are we in the RED? - page 18. (Read 1727 times)
Because cryptocurrencies have a lot of detractors. And it is quite easy to influence the currency, because its value depends on the people involved, and it is too easy to influence people in our time.
The fact that the market is now red in color does not require panic as it is just a lowering period, it is only temporary.Whenever the market is red it is a signal that prices of coin are now low and it is better to buy a coin during this period and then hold them until when the market becomes green again and everybody can make profit.
A market can never move in one direction. When there are buying you find selling also. So lets wait for sometime and you will find a upward movement also.
What do you think if the market goes green forever, I think that it is not good for this market, the market needs to adjust it is sustainable
This is all because the cryptocurrency is now the most speculative asset.And the market is not a blockchain technology, the market is a tool of exchange and speculation. The fact that the market is now red color transactions has not become less and the work on the formation of blocks is not interrupted. The red market means a game of lowering and purchasing assets at a low cost, so have time to buy tokens and form a cool portfolio of investments))))
Why?
Lolz. Come on mate thats not the case at all. If it is future then it should be going green all the time is not any kind of rule here.
Crypto currencies are very volatile in nature and they can move up and down by 15-20% on daily basis depending upon whats coming ahead, the good news, the bad news, some countries banning and some countries accepting the bitcoin or altcoin etc.
There are so many facts that affect the crypto currencies really and hence they get into red zone many times. Currently we are in the bearish outlook for sure and in the technical terms we lost the resistance level at 8.5 K USD which bitcoin should have passed already. Now is the bearish trend that might get started however always remember that after each bearish trend there comes heavy pump so be ready for the green future.
Because people not sure about it , some of us are still doubting that crypto will survive after regulations will be implemented by world . We still don't know what exactly to expect from those regulations , so investors are aware of putting their money in crypto right now . All of this affects market in a negative manner , so nothing strange that market is on a global down-trend right now .
Last year there was a big pump and rapid growth of crypto market capitalization, so now the market is in correction, plus we face recession on fiat markets which also affects crypto and makes people less risk with their investments.
Maybe it is only a normal adjustment that sometimes cryptocurrency coin comes to lower level of price status and mostly people says that it is a red status of price, but we all know that price of cryptocurrency somtimes down but it will surely rise again and reach up to the green level of price status.
Why?
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