Quote from: rhomelmabini on Today at 09:49:51 AM

Quote from: gathermind on February 23, 2021, 11:47:07 AM

From USD2000 dropped down to USD1400 for only 2 days?

Anyone knows what is happened? Cry

Maybe you're newbie to the crypto cycle let me say it straight but when Bitcoin is falling usually almost all of the coins/tokens in the market does the same. The real reason was there are some whales already taking profits but after Bitcoin dominance keeps falling the alts will fly and probably it is showing some signs as the major altcoin (Ethereum) is taking some leads and it backs up again at $1700. This isn't some financial advice but historically this has been done before way back 2017, I wouldn't be surprised if some alts will make some new ATH.

He will understand price movement once he stays long enough in crypto. This drop is very common if the btc is also going down. Most alts are just following the btc trend. This is why crypto is a very volatile investment, it can go up or down in just few hours or even before you even blink. So if you are a holder and need your funds and can't wait long, you need to keep up with the market and just cash out once it is above your buying price.