Why are the prices of most cryptocurrencies dropping insanely?

in #crypto7 years ago (edited)

I am new to the world of cryptocurrencies, and I would if someone more experienced could help me.

Why are the prices dropping?

I've got some BTC, ETH and I wanted to make an invest in some smaller currencies.

I did my research and was ready to buy some cryptos.

But then, the prices started dropping down massively.

I don't know if it's good or not.

Prices are lower now, so I can get more coins for the same amount of money, but what if the prices keep lowering?

Did things like this happen before?

Sort:  

It happened again.

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You got a 31.92% upvote from @minnowvotes courtesy of @johnz14!

Yea it’s called a correction. The key is to stay calm. The correction is occurring because there are rumors that South Korea is going to ban crypto trading, although they are actually probably just looking to tax it.

This could be also associated with China going to ban mining

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