many people are still curious about cryptocurrency, especially the value continues to penetrate the upper limit until the end of 2017. Unfortunately, starting from the beginning of 2018 to the present, bitcoin capitalization throughout the world has dropped dramatically. including bitcoin and other digital currencies?
actually the price correction reached more than 50% of its highest value, which is below 130 million from 260 million, in my opinion it could be considered reasonable.
yes, that is natural because the market is not regulated by anyone, and fluctuations in the price of coins depend on demand and supply on the market. so I think Cryptocurrency is looking for "fair value". All products, both property, gold, stocks, bonds, and others always have fair value, and investors have different approaches to determine that point.
simple?
if investors buy a car at a price of 2 billion, then if someone sells 1.5 M, he will buy it. Meanwhile, if people sell 3M, they will not be bought.
hmm ... my correction is wrong when observing cryptoqurrency. thank you
If we look and compare the humble beginning of the cryptocurrency (Bitcoin) way back 2008-2009 the progress made as it was today is incomparable, meaning it was progressively getting bigger and bigger so for me market sized is not important in terms of the value the supply and demand was also dictating the price other than so called whales, as we all know that cryptocurrency high volatility in prices was due to its nature.