Analysts say the better word to describe the bearish trend is “Crash”
Is this for real?
One observer said, Dowmike posted on Oil Price community saying,
Bitcoin is crashing right now. This is bad. $6,700 … and dropping
Have you been following the trend?
An advanced member on the community, Tom Tom added his observation saying,
it even hit the $6.500 handle… I think it could get worse before it gets better
Why Are the Crypto Stocks Falling?
Seeing the Markets, the crypto boom isn’t sustainable? Why is the market falling?
Bitcoin doesn’t look good the way it is nosediving!
How soon are we looking to see a surge in Bitcoin and its alter coins?
What is the remedy?
Another observer, Cokiga Damke a member of the community, reported that,
Ether dipped below $400 and was last traded at $398.47, down 11.2%, Bitcoin cash fell 14.7% to $732.94, Litecoin lost 11.2% to $116.97 and Ripple was down 7.6% to 53 cents.
And agreeing to this trend, an advanced member opined that it was indeed a,
Brutal day. The total value of all cryptocurrencies fell below $300 billion overnight.
And responding to this this opinion, Cokiga also mentioned that,
SEC is having office party as we speak
Why. Because of fees? Or something else. It is hard for me to keep track. Very sensitive market, I say
exchange closures, bearish technical patterns, the possibility of Ethereum fees, Twitter announced that it would no longer be running ads tied to cryptocurrencies. Facebook and Google to follow….
News what google was to do… and I received this from my options broker who said:
Google to restrict ads for online trading
Google is planning to restrict the advertisement of certain trading instruments in June, meaning that you have a little over two months to make the most of your AdWords campaigns before the ban is put into motion.
The new restricted financial products policy, as referred to in Google’s recent post, will apply to the following financial products:
How the new policy might affect you
Starting from June, affiliates will no longer be able to:
Google’s new policy does not allow affiliates to advertise any of products mentioned above, even if these products are certified.
What is the guarantee that in spite of these odds, there could still be a spike in the crypto market beginning with Bitcoin the crypto king?
The answer is in what Black Tortoise, another member of the community said. He said,
Last time Bitcoin hit these lows was in February dipping below $6,000 before spiking again to $12,000.
Looking at the future after June, when google’s announcement would have taken effect, can you think of any possible factor that will make the spike anticipated happen real fast?
The outlook of every sound investor is reflected in the calm gesture of another member of the community, Stormysaga, who gave his own response to this southward trend saying,
I wouldn’t panic. It happened before and had always recovered.
Steven Seagal destroys everything. Bad movies, bad Zen, bad crypto
There other bad factors that have the power to shape the future of the crypto market, and one of them is the claim of another member of the community who expresses fear saying,
i guess Russia is also planing to ban Bitcoin. But they seemed so progressive
Should bitcoin reach close to $7,240, the cryptocurrency’s 50-day moving average could break below its 200-day moving average, a phenomenon traders refer to as the “death cross.”
Now what are your own fears?
Fears will only cripple your inner man, so keep the fears away, and Cokiga has that right response to the fears about Russia’s plan. He said.
Russia is aiming for its own, CryptoRuble
How does that make you feel? Light right? And same is the proof you need that mood swing is natural. One good news can do all the good by inspiring the good mood investors need to dive back, so you should be there before they do, not so that you’ll remain for so long, but so that you can sell when they start buying at the exchanges again.
The blockchain technology has its own spirit of more positive mood swings and that’s why when one bad mood expressed in the community said, the cryptocurrency
came from nothing nothing and will return to nothing
Another good mood picker known as Blockchainbull, an advanced member of the community said,
I think there’s something between nothing and calls for it to hit $35,000. There’s a highly polarizing mentality with crypto, but i don’t see it as a love or hate thing. It’s just finding it’s price reality, and it’s not $35,000, or $10,000, or probably even $7,000. I think it will drop much further, but not to nothing. It’s already a reality that’s not going away.
This good mood suggests that there has to be a level playing ground in the crypto world where anyone can easily afford the prices at the exchanges and sell to stocks to those in need and buy again when they need to, and this will make the currency more commercial than it already is, meaning it will keep a flat price for good!