Cryptocurrencies crash; my deepest fear

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1 year ago

Friday is a time for reflection, and this one was tough. Seeing the market crash before like this was a real bone of contention, because there was nothing we could do to stop it back then. All my attempts at predicting the market movements were wrong, and i'm still continuing to monitor the situation. But my real concerns right now are:

1. will users come back to the platform, if it crashes again?

2. how long will it take, for it to come back?

3. what will do now?

Cryptocurrency has been a hot topic in the news recently thanks to its incredible rise in popularity and value. You're probably aware of what happened, but if not — Bitcoin, which is arguably the biggest cryptocurrency (though there are many) started off 2017 at $1000 per coin. By December it had reached an all time high of $60,000 coin. It has since crashed to $27,000 per coin, which is still more than double what it was a year ago.

Sunday is a time for reflection, and this one was tough. Seeing the market crash like this was a real bone of contention, because there was nothing we could do to stop it. All our attempts at predicting the market movements were wrong, and we're still continuing to monitor the situation. Our real concerns right now are:

1. will users come back to the platform?

2. how long will it take?

3. what will do now?

Cryptocurrency has been a hot topic in the news recently thanks to its incredible rise in popularity and value. You're probably aware of what happened, but if not — Bitcoin, which is arguably the biggest cryptocurrency (though there are many) started off 2017 at $1000 per coin. By December it had reached an all time high of $19666 per coin. It has since crashed to $7400 per coin, which is still more than double what it was seven months ago.

I do my friends that I preached crypto to that, I am not responsible for anyone losing money but honestly, make it difficult to reach a plausible explanation for what's going on with all these cryptos.

Well, crypto is to be blamed again and again. The biggest reason why it's seen as a failure is when there are so many negative stories that the real positive stories are pushed aside.

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1 year ago

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Bitcoin crashed now to $7000+? Oh my, what do you think next month?

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