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| Topic | Why is cryptocurrency crashing hard? |
| DoctorVader 12/22/17 10:47:18 AM #31: | There's several things that shook confidence. Singapore - Warned not to mess with cryptos because it's speculation and a bubble. India - Tax notices for crypto gains started going out Japan - Similar warning as Singapore/CIS sold all his cryptos South Korea - Charges filled against Mining Max stealing $250 million. Ripple - A lot of money was pumped into XRP and what began as just a transfer of money like usual, turned into a panic to the inexperienced. BCH - Shaddy/sloppy handling of its intro on CB. Litecoin founder - Dumped his LTC holdings a few days ago citing conflict of interest. December-Jan - Both usually weaker months in the stock market because of the holiday and taxes. New tax bill - Crypto to crypto transfers will count as taxable events. And because a correction of this nature was eventually due. All this got people scared but it will be back to normal. It's a fucking fire sale right now. --- It all just disappears, doesn't it? Everything you are, gone in a moment, like breath on a mirror. - The Doctor ... Copied to Clipboard! |
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