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Topic
Board Marketplace
Re: What happened ?
by
TravelMug
on 27/10/2017, 07:13:54 UTC
Why does the whole criptomarket fall?  Huh go mass correction.
In my opinion, this is the impact of banning altcoin use in different countries + the number of new altcoins emerging.

Prohibition of altcoin use, resulting in altcoin circulation movements narrower in the market.

The growing number of new altcoins, making many investors turn to new altcoins to try their luck, and this results in a deficit in the existing altcoin.

Ok, by today it should be very clear the the whole market fall because of the negative news from China. This is last month alone. However, today, and this month actually, we didn't suffer any market fall but instead we reach ATH (All Time High) price of bitcoin. So don't expect any market crash in the next month or so, or up until the end of the month. I think there will no another China FUD's that will make the market crash again. We will have a cruise control and maybe going to $7000 up to the end of the month. No need to fear that the market will fall again. And it ever if does, we can recover from it as show during the last months crashed.