Re: The market is looking all red once again

Quote from: Riingdian on November 15, 2018, 03:04:44 AM

Quote from: cybersofts on November 14, 2018, 08:16:11 PM

Oh my, the market is looking all red so bad that can see nothing but the red all over the place.
What is the reason behind this massive market crash in the middle of this month of November?
Everybody is expecting another crypto boom by the end of this year like the last, why the crash now?

That is just people's prediction about the boom by the end of this year but there is no evidence. We should not be so serious now, I think this boom will explode next year.2018 is a year to learn about cryptocurrency.

I am not gonna lie I was one of those people who said "bitcoin can't go any lower, miners wouldn't allow it" and here we are. Miners were the exact reason why it dropped, they care about their projects and their profits more than the bitcoin space itself. As long as they are making millions of dollars they do not care if bitcoin is dead or alive, they don't care if the price is 20 thousand or 20 dollars, they do not care if there are a million people active or just 10, the only thing they care about is how much money they make.

As long as they are making profit, all crypto can die. However what they do not realize is that if they kill crypto so much and make so many people lose money, they will not be loved or even liked. Which will result with bad business network for them because no one would want to work with them. Results could be really dangerous.