Why is the cryptocurrency is in loss?
Likely I invested 8 thousand in cryptocurrency and when I buy the coin it is not loss but few back it falling down as a well I am in loss and since it is now 8 months.
Because bitcoin price is going down. Since in most exchanges. alt coins are traded with Bitcoin trading pairs, when bitcoin goes down the entire market takes a dip.
Also, when bitcoin goes up, other coins also go up. This situation won't change until other trading pairs aren't added to exchanges and people are able to trade cryptos easily with fiat currency.
good since December last year started the decline so are the markets and investments all that goes up has to go down at some point and having the strong rise that was last year was obious that had to correct to resume its upward course. If you talk in particular about why they do not upload right now that the bitcoin is going up is because people are leaving their altcoins to have more bitcoin since it is the one that is having a strong rise so that having fewer people buying the crypts are They would be falling in price little by little until the whole market stabilizes and takes its bullish course again all the market is missing is to wait to see what they say with the news of the ETF and others.
No one can predict the price of crypto currencies accurately.
I think that recent down fall is result of SEC decision to postpone the listing of a Bitcoin exchange-traded fund (ETF) and Google Bans Crypto Mining on Android Play Store will also play there role.
Price generally follow the price of Bitcoin, so when Bitcoin decreases price of all the alt coins will also decreases.
Crypto in general still has lot of potential in it. Especially if someone is targeting it for a longer period.
If someone intends to invest in this business, one should be very careful and have proper study of the crypto currencies, which he/she intend to buy.
The point here is one should invest only that much of amount which he can afford to hold for a longer period.
It’s my own opinion, I may be wrong but it seems that prices are at the lower side and eventually will go up if invested for the longer period.
Nobody buys crypto all have decide to sell there holdings.
The cryptocurrency is in loss because we see a good dip on the Bitcoin because from $8200 it comes back to $6400 in just 3-4 days so there is a huge loss we see nowadays.
The people who had invested their money in cryptocurrency at the month of December of 2017 then we has been a too much of loss.takinh example of your that you had invested 8000 RS in cryptocurrency and now the price would be 3000 only remain in INR because the full run has not still started and the whole market is down.
The main reason for alter coins to go down is due to bitcoin.because Bitcoin is going so much dip that it also takes every alt coins down due to the Bitcoin goes down.There is no any trading pairs besides Bitcoin so there is no doubt that cryptocurrency couldn't go up.if there will be new trading pair rather then Bitcoin then we can see a good spike up in the crypto market.
Thanks for Readings.