tommycryptoico
over 1 year ago  Karma: 23
Why does the market tank rn?

can someone tell me why the crypto market is down?

cryptocurrency
bitcoin
ethereum
blockchain
tommycryptoico
over 1 year ago  Karma: 23
Why does the market tank rn?

can someone tell me why the crypto market is down?

cryptocurrency
bitcoin
ethereum
blockchain

2 ANSWERS
mhat.munro
over 1 year ago Karma: 48

Markets go through cycles, this is what is called a "bear market". Outlook is uncertain with regulation talks and if crypto will be a viable use-case for the future. Uncertanity leads to fear. Big players capitalize on fear in markets by selling large positions (or going short on margin) they profit from a falling price and have the potential to buy back at much lower prices, which can signal a new bull market.

Markets go through cycles, this is what is called a "bear market". Outlook is uncertain with regulation talks and if crypto will be a viable use-case for the future. Uncertanity leads to fear. Big players capitalize on fear in markets by selling large positions (or going short on margin) they profit from a falling price and have the potential to buy back at much lower prices, which can signal a new bull market.

roberttran87

The big factor is certainly the ICO hearing in the US.
https://motherboard.vice.com/en_us/article/qveg3p/financial-services-congressional-hearing-ico-cryptocurrency-regulation

Mar 14 '18 at 11:10 pm
bamos

More sellers than buyers

Mar 15 '18 at 12:27 am
bamos
over 1 year ago Karma: 165

More sellers than buyers

More sellers than buyers

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