As we have all seen the cryptocurrency markets has been hit pretty hard in the last few weeks, this is because of four main reasons. Number one long term crypto guys and gals from many years ago or even a year ago are starting to take their profits.
Number two new guys and gals in the crypto world that got in late 2017 or even more recently and they are beginning to panic because of this correction were facing right now. As a result, most of these people are taking their loses and heading start back to their day jobs.
Number three China and South Korea have been seriously considering banning crypto trading altogether. Now China and South Korea current are around %50-%60 of all crypto trades, as a result many of the people in these countries fear they will never get their money out, if they don’t cash out right now.
Lastly number four, regulation in the crypto world is being spoken about all around the world. China and South Korea are the only one’s serious considering banning it but with all of the recent money being made and lost, government from all around the world are seriously considering trying to put in regulation one way or another.
We are all just going to have to wait and see where all of this takes us in coming months. I know I can’t wait to watch this all unfold. If you liked this blog and you’ll probably like my Vlog where I go more in-depth (Vlog will be posted later today on Dtube or Dlive) Please check it out and if you liked it please give me a follow and an upvote and as always comment down below! Thanks for watching and reading my posts, much love to you all!