Post
Topic
Board Altcoin Discussion
Re: Over $12B wiped out from cryptocurrency market in two hours.
by
Victorycoin
on 01/06/2018, 00:11:36 UTC
This is the problem that we are dealing with right now, so much money is leaving the crypto market each day which is making the prices of the coins to fall down. Even though I know that the price would go back up, things like this just means that it would take much longer than normal for the prices to recover again. People need to stop selling so much coins, it is affecting the prices.
People have varied needs and risk appetite, so there is no way to talk them out of selling when they must sell. But we can at least start to mount bullish pressure by mopping the market of the excess supply and before long the price would most likely reverse and evidently it have done as much time and again.