Dec 10, · A single bitcoin token was worth as much as $19, last Thursday but fell below the $18, mark on Wednesday morning. That's an 8% drop in Author: Anders Bylund. Dec 11, · Bitcoin has crashed to a month low, falling to $3, on timberlandschuheherren.de cryptocurrency saw highs of $20, earlier this year but has now lost more than 80 percent since its peak in January. ETH Trends down, Too. However, the fall of Bitcoin does not seem to be directly benefiting the price of Ether. In fact, at press time, data from CoinMarketCap showed the price of ETH was down percent over the last 24 hours and percent over the past 7 days.
Why bitcoin fall down todayWhy Cryptocurrency Stocks Crashed Today | The Motley Fool
Trading or investing in cryptocurrency is a psychological war against yourself. Stock traders often say that investing in traditional markets requires extreme mental discipline. That discipline is how they control themselves when the market is volatile. How they stop from making stupid decisions, and keep on track with their strategy.
If traditional trading requires extreme discipline, crypto requires the mental fortitude of Jedi. The crypto market is more volatile than any market the world has ever seen. You need to be the emotional equal to Yoda meditating on top of a mountain during a meteor shower. I started off as a investor but fell deeper down the rabbit hole. I work with an accelerator helping token sales , and recently joined the team of a project I fell in love with.
I like to think this gives me a comprehensive understanding of fundamentals at play. What this understanding of the players involved in this market has given me is.. Well, the knowledge that this market is almost completely sentiment driven. Crypto has more retail investors than any other market. The charts are pretty similar, it would seem, The more people that google Bitcoin, the higher the price goes.
However, while there has not been consensus on the details of the stimulus plan yet, there has been consensus among analysts regarding the effects of economic stimulus on Bitcoin: it is a good thing.
In particular, these analysts point to quantitative easing as being particularly beneficial for Bitcoin because of the weakening effect it has on the United States dollar. Dollar by more than 15 percent in , leaving 21 percent of all U. Unfortunately, those affected most by the devaluation of the dollar are the lower and middle class.
However, while Bitcoin has been falling, some of the larger altcoins seem to have been growing. In fact, a number of analysts agree that investors seem to be selling off their Bitcoins in exchange for altcoins.