Crypto Market Cap drops below $200 Billion for first time in November

[davinmark]

Hey All

So today you can see the prices of Crypto was very down. The crypto downturn forced the cryptocurrency market cap past an uncomfortable milestone on Wednesday, with the cryptocurrency market cap dropping below the $200 billion mark a day ahead of the contentious Bitcoin Cash hard fork.

That breakout failed to materialize, and the crypto market began a gradual decline that steepened on Wednesday morning as the bitcoin cash price erased the gains it had made in advance of tomorrow’s hard fork. Altogether, the crypto market cap dropped by more than $19 billion over the preceding 24 hours and was valued at just $192 billion at the time of writing

 

Whats your Thought ? 

Source : https://www.ccn.com/newsflash-crypto-market-cap-drops-below-200-billion-for-first-time-in-november/

[williamshennie9]

I definitely think it has something to do with the bitcoin cash hard fork. There is currently a lot of uncertainty and panic in the markets...

[davinmark]

1 minute ago, williamshennie9 said:

I definitely think it has something to do with the bitcoin cash hard fork. There is currently a lot of uncertainty and panic in the markets...

Then whats your suggestion? keep hold it or sell it? im really confused with it 

[williamshennie9]

1 hour ago, davinmark said:

Then whats your suggestion? keep hold it or sell it? im really confused with it 

I'm holding. I never suggest selling when the price is low. If you are afraid that the market will collapse, then sell. But I doubt that will happen, so I'm holding  Hope that helps

[wry]

At first I thought this was BCH and was ready to blame Craig Wright but that really doesn't explain so many coins being down so hard.  I expect we are at the point that year over year prices are now clearly below where they were last year so makes sense to sell for many investors.  The Fear Of Missing Out that was so strong last year has morphed into the Fear Of Losing Everything.

As to what you should do davin there is no way to know.  If you have losses on your investment it may make sense to sell them so you can write them off on your taxes if you live in a country with an income tax, otherwise you can hold and hope for a rebound, though so far this year it has been a pretty straight line drop.

[davinmark]

36 minutes ago, wry said:

At first I thought this was BCH and was ready to blame Craig Wright but that really doesn't explain so many coins being down so hard.  I expect we are at the point that year over year prices are now clearly below where they were last year so makes sense to sell for many investors.  The Fear Of Missing Out that was so strong last year has morphed into the Fear Of Losing Everything.

As to what you should do davin there is no way to know.  If you have losses on your investment it may make sense to sell them so you can write them off on your taxes if you live in a country with an income tax, otherwise you can hold and hope for a rebound, though so far this year it has been a pretty straight line drop.

Well you are right, maybe no one explains in detail the decrease caused by BCH forks. but everyone said that this was because of the failure of the bch forks ..

Well. I have already sell my coins and bought back at a low price. I hope the price can pump back to replace my previous loss. still hoping for big pump on this 2018  

[jkd123]

It's meaning to buy then hold. 

[blueprints]

But things always go down. They usually go back up so time to buy

[hillowner45]

We're either gonna go down to $1 or soar back up. Gonna be a heck of a rollercoaster ride. Its great volatility for a day trader though.