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What do you think about this Month’s crypto market?


xtinepink

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Posted

November is the the month where btc and other crypto is murdered. Murdered in the sense that this may have been highest fall for 2018. I was reading what could have been the actual reason to this downtrend. 

I read this article having 3 possible reasons why everything went down. 

http://fortune.com/2018/11/19/bitcoin-price-collapse/

it stated that there were 3 possible reasons: 1. is the Sec’s announcement of an ICO who broke the law with unlicensed securities in which they said that must pay penalties and restitution.

2. the second was the bitcoin cash hard fork

3. The last one it says that it’s about those investors whom received a negative news from the company Nvidia and Advanced Micro Devices, that experienced sales declines for cryptocurrency equipment.

As for me, the only reason I can say that crypto market declined is just pure manipulation. Let’s see if there is an actual next wave for crypto next year. 

What are your thoughts? Do you agree with the above article? 

Posted

This is a very bad month since many investors lost more than what they had invested and I think this will ruin their experience with crypto and never invest again

Posted
29 minutes ago, Mikehoncho said:

From what I've gathered, it's the second option. The fork and apparent mining war between bch and bcsv.

Now is a good time to invest. 

Yeah now it's a good time to invest your money into bitcoin, i guess the price will not go under $4k.

Posted

I agree that the btc cash fork is the main factor in the crash. I'm pretty sure everyone who invested late in crypto has a sour taste in their mouth and will be extra cautious about choosing when to re-enter the market.

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