Bitcoin is dying and its dragging the entire market down with it. The markets are literally joined at the hip with BTC, and when BTC falls because people have realized how slow and unreliable it is, the larger market ( the new money, people who have been in the game for less than 5 months) panics as they believe that bitcoin IS the market, and if bitcoin fails, then everything else does. This is part of the issue when people like Warren Buffett go on record saying that "Bitcoin is a bubble and will burst" That part is true, for the most part, not many people are willing to pay $36 for a transaction, especially one that takes an hour or more to confirm, and even more so when the developers make little attempt to fix the BTC network -
But when everyday people hear things like this is causes a massive amount of irrational fear...coupled with news from South Korea which was false, as well as news from traditional outlets that claim the market and Bitcoin are constantly dying. We risk going into a free fall in prices within the next few weeks if people don't stop spreading false information. The market dropped by 30% just on false news and an assumption that Korea MIGHT POSSIBLY COULD BE MAYBE be banned from the markets. What would happen if over a 3 day period Fox News and CNN falsely reported that "Bitcoin" was going to be banned in the US, without any proper sources to back it up? The market would implode all based on a rumour. This is why its VERY important to not follow false channels, or people looking to hype coins, its causing the market to expand in a direction that it shouldnt be going, which is the hype, pump, dump and the market is burning scenarios. This has a lasting effect on the human mind, and we'll pay for it eventually.
FUD. I love to read stuff like this. As long as people are crying that it will go to zero, there is no chance of that ever happening. I am only ever gonna get concerned, when I don't hear fearmongering anymore, by media and or random people.
I agree. I want much more of this. When everyone is screaming sell it’s going to zero, you know it’s time to buy!!
FUD RUNS THE WORLD!
Exactly, same ol song and dance.
Dash lost almost 50% in only 48 hours! Its not just one coin or the other its all of them. No need to worry though theres lots of money to be made now. ; )
Only for those who have cash available to buy more.
Invest in passive income and buy into steem now while you can with any coins
right now steem is 250/1 eth
last week it was around 160/1eth
A huge value on steem tokens and sbd so hodl them not inflated btc or eth