All the leading cryptos have been monkey hammered today. Bitcoin's down 15%, Ethereum 17%, Ripple 14% and Litecoin 25%. It's a buy the dip opportunity for some, abandon ship for others.
Live prices here: https://coincap.io/
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All the leading cryptos have been monkey hammered today. Bitcoin's down 15%, Ethereum 17%, Ripple 14% and Litecoin 25%. It's a buy the dip opportunity for some, abandon ship for others.
Live prices here: https://coincap.io/
This large correction was needed and can be explained.Originally Posted by Organ Morgan.
People wanting to invest in ICOs not Bitcoin or Litecoin had to buy Cryptocurrencies ... Bitcoin or Litecoin to invest so over the last two months the buying has been to invest in ICOs.
Now they have invested in the ICOs the ICO venture capitalists have been selling the Crypto to get Fiat currency. In return the investors have received USELESS tokens.
A fool and his money.
Long term Cryptoholders have nothing to worry about.
Calling the bottom is tricky...we might nearly be there...but Bitcoin as low as £1,500 is possible I think.
Investors on margin (leveraged) will have been wiped out. Greedy bastards.
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