Post
Topic
Board Trading Discussion
Re: What happened to the crypto market?
by
$weetne$$
on 14/06/2024, 22:15:18 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 ?
If this down continues, investors are likely to lose their capital. Now some tokens are worth 4:1 since my investment time.

The market is going down but we are closer to the highest point the market has reach before meaning the market is not in the bear market. What happened to the market is that some traders has begun to take profits and this is normal when the market has given those that invested into the market when it was bearish some profits. Because they are taking profits it will affect the market and this might lead to more selling then you can begin to see the market falling. Alot of project has just being rising, memecoin are pumping and other altcoins too meaning alot of people were in profit and as you see the market falling, they are begining to secure their profits because when you have made profit but have not secured it, you do not have a profit yet. Profits taking is as important as hodling for more profits.