Some of the crypto currency has been fluctuating nowadays going up and down, most especially bitcoin, and I think its as the result of the U.S.A government putting tax on crypto currency dealing.
I wonder why this is happening to some trusted cryptocurrencies at the moment especially the Litecoin. Some of the coins are going through bearish run st the moment and this has has seriously affected our investment.
The bearish run is very serious since the past week it affected all cryptocurrencies. I lost a reasonable amounts of money to the dip. I had some litecoins which I panicked and sold all of it at a loss. The coins at getting stable now but yet to be back at their initial value.
Every cryptocurrency is losing value at this moment because so many countries are banned in the u.s. of cryptocurrency is really one of the popular growing economy country like China, they have banned the use of cryptocurrency.
majority of cryptocurrency are losing value these days because of the economy and countries who are withdrawing from the investment of cryptocurrency in their nation.
It was a major factor that made cryptocurrency market to crash likewise the decision by Elon Musk not to accept Bitcoin for Tesla payment anymore.
Seriously I don't know what is wrong with most of these whales, they are actually making things very difficult for small investors because they will be selling out their portion and when the market crash it will leave all the loss to small investors.
It is more reason why we keep learning on how to trade safely and I have come to realize that we shouldn't keep huge amount in cryptocurrency for too long.
