Why is the crypto market in decline? Time to buy and hodl?

All news, trends and discussions relating to cryptocurrencies, bitcoin, altcoins and blockchain technology and its numerous applications
Comment
User avatar
NiceGuy
Senior
Location: Lagos
 

January 19th, 2022, 4:33 am

I know it's about cycles. But there must be some explanations. Bitcoin has lost so much, now trading around 42k. Ether also at around 3.1k. They all follow similar trend, a trend I don't really buy into.

It could also mean a time to buy and hodl!

But why the decline?

I personally suspect the sudden rush for NFTs as a money making venture. So, there's a preference, though is will be short-lived.

Gist me.
Screenshot_20220119-092055~2.png

Please share...

I'm really not that nice... :mrgreen:
User avatar
eMade
VIP VIP
Location: Abuja
 

January 19th, 2022, 4:47 am

Why is crypto crashing today? Cryptocurrency market price crash 2022 - Bitcoin, Ethereum, Shiba Inu prices

China makes all crypto currency transactions illegal after ordering shut down of Bitcoin mining in Sichuan province, leading to crypto market prices going down in market value.

After a year of gains and record highs, crypto currencies are enduring a turbulent time with unpredictable price changes.

Bitcoin and other leading crypto coins experienced a significant drop in share price after investors began dumping mining equipment as China announced fresh regulations.

That's why.
Learn more about ✓ VIP Members: https://www.bestnaija.ng/61848 ✓ Referral: https://www.bestnaija.ng/62508
User avatar
Sally
Senior
Location: Kaduna
 

January 19th, 2022, 8:27 pm

Nice
http://www.facebook.com/eddiong.cletus chat me on fb
User avatar
Sally
Senior
Location: Kaduna
 

January 20th, 2022, 2:45 pm

Thank for update
http://www.facebook.com/eddiong.cletus chat me on fb
User avatar
Dube
VIP VIP
Location: Yola
 

January 20th, 2022, 4:14 pm

Nice update
Follow me on Instagram: https://www.instagram.com/chukwubunna
Twitter- https://www.twitter.com/@Lucky87284882
User avatar
simpl2
Senior
 

January 20th, 2022, 7:48 pm

Timighty wrote: January 20th, 2022, 12:14 pmnot really
What's not really? :shkd:
User avatar
Sally
Senior
Location: Kaduna
 

January 21st, 2022, 10:47 am

Thanks for the update
http://www.facebook.com/eddiong.cletus chat me on fb
090makuo
Senior
 

January 21st, 2022, 1:03 pm

Wow
I will like to knowbooo
For now I'm doing forex
Comment
  • See also...
    Comments
    Views
    Last post
  • Information
  • Online

    Users browsing this section: No members and 1 guest