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It is said that stock market and a man always goes up. It means market has a tendency to go up in a long run. But market is a different thing and stocks are different. Market indices are made of weightage of top stocks but the position is always changing. Stocks which do not perform well are removed from the indices. So, it gives an impression that market is going up and up in a long run. Thus you may be in a loss in spite of markets best performance. Markets follows trade cycles. They also come down.
This is also true about cryptos. They can never perform well. There are cycles of crypto boom and crypto winters. Bitcoin and other top cryptos have seen their best time. Now they should come down. There were over buying of cryptocurrencies. Profit booking and other factors were expected to happen. I am not surprized to see such a massive crash in crypto market. Sooner of later cryptos will come down and then a bullish phase will come. Bitcoin is down over 10% within 24 hours. Its price is now around $80k. Hive and steem are under $0.10. They performed very badly.
Thanks!
