There was a kind of 'Black Monday' in the US Stock Exchange. The Dow Jones Index fell 4.60 percent. A daily loss was the strongest drop in Wall Street history with 1,175 points. Panic sales jumped into the world, the Japanese Nike index dropped by 5.5 percent ...
I do not particularly like to give disastrous news, but the crisis is in the doorway ...! The American Stock Exchange has not experienced such a decline for a long time.
Is this situation the signals of the crisis or is this crisis going to be skipped in a short time?
We are all waiting with curiosity ....
Suddenly the Dow Jones index is very popular everywhere and I believe that this is also affecting the bitcoin or crypto exchanges also. Because it seems that people are taking the whole thing out of fear and they think that the fall in Wall Street might just affect it adversely. So surely the bitcoin fall is really temporary and I believe that we gonna enjoy the upcoming days for the bitcoin. I mean it could happen that people might just choose crypto currencies so that the number of investors here will increase dramatically and thus we will enjoy increased market cap. The prices are going to increase too so just seat tight and hold your bitcoins. :-) There is no crisis its just good news for us.
Im in with your explanation and its quite make sense. maybe the decreasing of price in US stock exchange can make bitcoin comes more stronger, because the investors finally will see the greatness of btc rather than the common trading stocks.
Crisis is not coming, it was a history on the Speculators mind, the decline in in the market trading, whether in US or in any other Stock Exchange was already corrected itself, speculators is always their to vent their mind about the possible movement on the market trading but no one knows what will happened in the market at any given time, Market is very Volatile, be it in the crypto currency trading market or at the stock exchange. in my views, its all about the volume of transaction the treed, the movement of investment on specific project, the fundamentals, the stability of such as posted on the market. Crypto market investor are happy now with stable price on Bitcoin, it may goes up and down during the market trading but it remains stable.