Hi Everyone!
I found everyone on social media worried about the fall in total market cap of Crypto, There are many reasons regarding it's fall and i tried to write some of the reasons and suggestions here to share my knowledge and experience with all of you.
- Last couple of months Crypto market got attention of big investors and they understood that through this market they can pump and dump alts so easily that overnight they can double their investments, so they invested and took out their profits, what left behind is smalls investors who jumped in by following recent price hype, don't panic and wait for the next run and take your profits not losses.
- August 1 panic, this is the reason that BTC fell from 3000$ to 2300$ current price, People are unsure what will happen on August 1, guys for your knowledge nothing will happen to BTC any time soon, its just that big guys are trying to play with you guys so that they can bring down the market and invest their money at lowest possible price, so again don't get panic everything will be fine.
- Following Pump and Dump, This is the main reason for losses in any kind of exchange, people who din't know about pump, jump in and when they know, pump will be over so mostly people take losses on pump and dump. Understand the market and make your strategy accordingly.
- Can't hold the coin, reason behind crypto fall is that people are not holding their coins, once they see someone selling, they also sell their coins, even if they have to bare losses.
- Naive Investors, New people without any kind of knowledge about cryptocurrency and it's implementation, they think that they can be rich in a night, that is not true, investments need time to prove good, so be patient and study before you invest.
- Price Manipulations, big guys try to control market by spreading FUD through social media and blogs, that causes panic among all new crypto investors and they liquidate their shares.
- New ICOs, everyday we here new ICOs presale, that get the attention of new investors and alot of money in flooding into ICOs that even have no real time usage.
I hope you guys get benefit from my points and understand the maeket better