Post
Topic
Board Trading Discussion
Re: What happened to the crypto market?
by
dzungmobile
on 12/06/2024, 11:25:11 UTC
The market is only going down for the last few days. What is the reason for this ? Does the cryptomarket go down for no reason ?
Reason is simple. This market is led by Bitcoin and the leading cryptocurrency has many months of bull run according to [1]. It needs correction that causes alternative cryptocurrency to correct as well.

After 7 months of bull run, Bitcoin is corrected in April with -14.7%, May is green with +11% and this month, June even with the down you are mentioning, it is still up 0.6%. Things are not too bad like nightmare or similar, stay positive as the Bitcoin market won't disappear next month. With lot of time ahead, you will have more opportunities to see the Bull.

[1] https://cryptorank.io/price/bitcoin

Quote
If this down continues, investors are likely to lose their capital. Now some tokens are worth 4:1 since my investment time.
True investors won't shake their hands because of market corrections.

Gamblers with leverages will be forced liquidated by exchanges but it is because they have bad risk and capital management, not because of the market.