Jump to content

Numbers keep going down?


Sophia
 Share

Recommended Posts

I am not big into crypto and only understand the basics of it but I do enjoy looking at the growth charts and seeing what everything is doing. An issue I noticed happening in the last month or so is that numbers are going down more and more for all the top crypto, even Bitcoin. I am not sure why. Is this from people pulling out their investments? 

  • Like 1
Link to comment
Share on other sites

If we zoom out a bit further though numbers are up in a huge way. I think these things were going up way to fast and the market needed to consolidate a bit. A little bit of a cool down to shake out weak players is sometimes exactly what the doctor ordered. 

There was plenty of good news that came out of the Bitcoin conference last week. Support seems pretty strong down here. Hopefully we start our march back towards the moon soon enough. 

  • Like 1
Link to comment
Share on other sites

The market will always be up and down but in crypto, there is a tendency for it to go up and down way more than with stocks. It can be alarming when you first start seeing it but it is perfectly normal, from what I understand. 

  • Like 1
Link to comment
Share on other sites

On 6/11/2021 at 5:49 PM, Emma said:

The market will always be up and down but in crypto, there is a tendency for it to go up and down way more than with stocks. It can be alarming when you first start seeing it but it is perfectly normal, from what I understand. 

They go up and down with every asset class. We should never expect graphs to always go up and to the right although it is our favorite thing to see 🙂 

  • Like 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...