Quote from: IsuruMaduranga on March 29, 2018, 03:35:30 PM

The Crypto market is crashing... Now BTC= 7400$ & Eth=400$

What happened to BTC?

1.Thousands of people came into the Crypto field and started buying in Dec/Jan. So the market hyped unbelievably.
80% of them have 0 technical knowledge about Cryptocurrencies.
90% of them does not believe in Bitcoin.
20% of them have absolutely no idea what a cryptocurrency is and how the market behaves.
70% of them just wanted some quick profit.

2.Some idiots bought and sold for quick money and dumped the market.
3.Some people got panic and started selling.
4.Whales saw this early and slowly sold part of their holdings. Now they are buying at low prices.

What happened to Eth and Ethereum tokens?

1.BTC going down = Eth going down
2.People with 0 crypto knowledge started investing in ICO's.
3.People with 0 crypto knowledge started doing bounties.
(Those are the spammers in Bitcointalk)
4.That two kind of people started dumping ICO's for quick earnings
5.Scam ICO's and useless ICO's came in to play.
6.Because of the ICO flood, ICO's became less profitable.
7. So some ICO investors lost their faith.
So Eth and most of its tokens crashed.

What happened to Other coins?

BTC going down = Every other coin going down

What will happen next?

1.Whales who sold for higher prices will buy slowly at low prices and will become 1.5* rich.
2.Some people will leave the Crypto market.
3.Believers will HODL.
4.The market will slowly recover.

Yes, now that the entire encryption market is falling, the market crash has not stopped. We don't know when it will stop falling, and I've lost a lot of money. Now many people have chosen to sell their encrypted currency to reduce losses, but I'm still holding out, and I'm sure it will start to recover soon.

EugeneJanet

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