Post
Topic
Board Altcoin Discussion
Re: Crypto changes.
by
Ashong Salonga
on 31/03/2020, 15:29:56 UTC
There are lots of possible reasons why prices of cryptocurrencies are falling nowadays. It might be because of the whales which manipulates the price or it is just normally because of the current situation we are all been into this days which relates to Coronavirus. There are lots of contributing factors affecting the changes on the price of cryptocurrencies so we must not be surprised about that since cryptocurrencies are vulnerable to sudden pumps and dumps. We will never know when pumps or dumps can happen since volatility is one of the characteristics that cryptocurrencies do possess. The changes in cryptocurrencies can be considered as changes that depends upon the situation or be dependent upon the mind of the people who uses it. At this point in time, I believe the current down fall have a relationship with the current situation wherein people is temporarily pulling out their investments from crypto to provide their necessities to survive and keep themselves safe from the virus or it can also be due to price manipulation of the whales or because people are dumping the price to afford buying cryptocurrencies at a lower price rate.