Quote from: lumeire on September 05, 2020, 07:45:00 PM

Quote from: restuibu on September 05, 2020, 07:34:02 PM

Crypto is getting harder to predict now, in August we saw a very good pump and many of us must have thought that a bull run was coming soon but when it entered September the market suddenly bled, will we see bitcoin under $5k again until the end of the year?
Was the increase in bitcoin and some altcoins in August just because of the Defi hype? Share your opinion

DeFi hype wasn't the reason for the pump in the prices of cryptocurrencies, and the most probable reason for the dump in prices can be the stock market crashing right now and all of us know that the Cryptocurrency market also mimics the stock market in trends. The fall can be because of a lot of reasons:

1. The GDP of every country is falling which show economy isn't performing well and hence the fall in stock and Cryptocurrency prices.

2. The border wars between India and China and America coming in support of India. In response to which China is selling the bonds and cutting it's reserve of US bonds.

Open to hear other's opinions.

I noticed that you write literate things and decided to ask you. I have heard that owners of large assets (even States or large investment funds) can withdraw fiat money (their assets) through crypto, and this also creates a kind of market upswing. Could this be true? Thanks!