At present, the market is experiencing a global correction. Someone attributed to this the manipulation of large players, some think that the cartel wants to bring down the market, but that's what I think about this:
1)Earlier when the first crypto currency (bitcoin) was born, there were few about it, that was heard, there were only enthusiasts who were interested in the mine. Here they are the first holders who sold them for 1-10 $
2)Then the game involved people associated with innovative technologies, which had large extra money, that would buy them bitcoin at cheap prices from the first miners. Thus raising the price to $ 100
3)But since after such a surge in prices, the first holders sold all their bitcoins, bringing down the rate. I do not think that in the past years 2010-2014 these were corrections. Most of all it was the draining of the first players who were happy that they sold so dearly. And they thought that the bubble burst
4)But large holders, all bought out and dropped superfluous players. After that, a good news background started, carrying a missile called bitcoin far into space.
5)People have heard from all sides what bitcoin is and that it grows very fast. Without understanding the market, despite the graphics, people bought bitcoins, selling apartments and getting into loans. By that, they carried the missile far into space. But the day came when the big The holder decided not to wait any longer for the end of the galaxy, but decided to sell his bitcoins ...
6)And people bought everything and bought ... And when the buyers were over, the sale of those who bought not long ago began. Then the sale of those who bought at the top was started. Forming with this a snowball, flying down. And now those who did not dare to go to market, not having had time to click on the buy button for $ 20,000 sitting and rejoicing that they did not come here. Sometimes glancing at the low rate
7)But we know that such a low price is an occasion to buy crypto currency. I'm sure that there will not be such prices any more. When players who sold bitcoin for $ 100-200-300 pumping a rocket with fuel began to enter the game. TV to say that the bubble does not burst, but grows. And the race of those who will buy for expensive ($ 30,000-$ 50,000) from those who buy now will begin. The choice is yours when you buy ...
This is an old story, but I don’t think that is a good reason not to be afraid of what the future holds for cryptocurrencies. None of us knows the future, and we don’t know what might happen. Some people are starting to use what happened in 2017 to judge, and they are believing that the same thing is going to happen this 2018,with some crazy people saying that the price will reach $100,000. People seriously needs sense🙄. That all these things happened 2017 doesn’t mean it’s going to repeat itself in 2018.