Quote from: |Bitkoin| on May 28, 2018, 01:02:08 PM

The fall of the market is due to so much money leaving the market, when people see a price increase, they tend to start selling their coins no matter how little profit they are making which is affecting the prices. Just last week about $42billion left the crypto market, prices started falling, fast. Once more money starts coming into the market, the prices will start increasing, until then we just have to wait.

Exactly. Many people are panic selling, simply because of recent regulatory pressure in the mainstream world. Whenever there's negative news influencing Bitcoin, prices start to decline quickly. As such, every time money leaves the market, prices go down the drain. The one crypto which has a huge influence in the market is Bitcoin, and if it begins to fall, the whole crypto market falls with it. But, investors that are smart, would buy Bitcoin at cheap prices and hodl them for the next price increase.

Usually, people who sell Bitcoin when they see a major downfall in its value, are mostly newcomers into cryptocurrencies. However, experienced traders and investors, know that Bitcoin is more than meets the eye, hence they keep onto their Bitcoin holdings no matter what. Since Bitcoin is limited in supply, and every 4 years there will be a reduction on the number of Bitcoins issued, it's often compared to digital gold. What this means is that even if we're experiencing a bloodbath in prices for Bitcoin and altcoins, it is only temporary, as many have predicted that the whole cryptocurrency market could be worth trillions of dollars in the future. Therefore, if you're patient you'll be able to see great results over your investment in the long term. Just my opinion