The reason behind the crypto fall
Did you guys know that crypto market is going down since last 1 month. Why is the crypto market down? Let’s explore the best reasons why crypto is declining. But wait let me tell you I’m no expert; I am providing this information from my research. I will speak only with facts and the real reason for the crypto decline. There is a big game going on in the cryptocurrency market. We will see this later in the section below. Hello friends and welcome to Hindi Gyan Blog for Crypto Enthusiasts. Today our very interesting topic is why the crypto market is falling and how is it happening. And we’ll also discuss what we can do if the crypto market crashes. So let’s start with our first topic
Crypto market crash
On May 19 or 20 the crypto market went down about 20-30%. Many cryptos went down like 50%. If you look at the image below, you can see that bitcoin has gone down 10% and now the rate is around 31 lakhs.
Before the crypto market crash the price of bitcoin was around 45-47 lakhs and we are all in profit. Then what happened all of a sudden? And other altcoins also went down and they went down faster than bitcoin and ethereum. Ethereum went down 16% and the price neared 2 lakhs. Which is much less, there have been other crypto crashes in the past. Binance Coin went down with 25% and the price of BNB became 30 thousand but it is at 50 thousand before the crash. Loss of 20 thousand which is a much bigger amount as compared to their previous prices. Let us tell you that in the last 7 days, about 600 billion dollars were wiped out from the crypto market. And this amount is the amount that actually came in his pocket. Can you see how much money has been wiped out of cryptocurrencies?
On May 20, 2021, people sell $500 billion worth of cryptocurrency out of fear in about 2 hours. $600 billion was wiped out from 7000 crypto tokens now you can calculate the total amount wiped out. The total amount is around $1100 billion if you convert it to Indian Rupee it will blow your mind. Let me give you a task to convert that amount to Indian currency which is INR and comment your answer.
Reason why the crypto market is down?
If you check the market fear and greed index on May 19-20, you will find it around 31. It means people are in fear and you know the real thing that the big players want you to be in fear. And if people are in fear, it is obvious that people will sell their crypto or assets. One after the other, this huge amount is being made. You can check the market fear and greed index every time, here is the site where you can find https://money.cnn.com/data/fear-and-greed/ Today 07/07/2021 its about 39 whatever it shows that people Still in panic.
Now you know the real reason for the fall of crypto market is big players selling their assets and people are also selling out of fear. By doing this the crypto market crashes but wait while the market is in a sense of fear people were selling their assets. That’s exactly what rich people want. They want you to sell their property and get out of this market. Market works on demand and supply when people are selling i.e. supply is increasing rapidly. That’s why the crypto market is going down, down and down. There is one strategy that is being followed by the rich people in the crypto market and the strategy is pumping and dumping.
The rich and big players of crypto scare the market sentiment. Because rich people want you to lose your money. The big players don’t want you to make money off cryptocurrency, so they employ pumping and dumping tactics. Let me tell you in simple words what is Pumping and Dumping?
Pumping and Dumping
Pumping and dumping is the strategy that is made by big or rich players who have already invested huge money. Or want to earn more money. Let us see it with a simple example. A person X has invested a huge amount on crypto A. Now he will promote or create false news in the market. And with that news people are going to buy crypto A. Then just in case the price of crypto A will suddenly increase then that person X who invested earlier, got higher profit.
The reason behind the crypto fall
Did you guys know that crypto market is going down since last 1 month. Why is the crypto market down? Let’s explore the best reasons why crypto is declining. But wait let me tell you I’m no expert; I am providing this information from my research. I will speak only with facts and the real reason for the crypto decline. There is a big game going on in the cryptocurrency market. We will see this later in the section below. Hello friends and welcome to Hindi Gyan Blog for Crypto Enthusiasts. Today our very interesting topic is why the crypto market is falling and how is it happening. And we’ll also discuss what we can do if the crypto market crashes. So let’s start with our first topic
Crypto market crash
On May 19 or 20 the crypto market went down about 20-30%. Many cryptos went down like 50%. If you look at the image below, you can see that bitcoin has gone down 10% and now the rate is around 31 lakhs.
Before the crypto market crash the price of bitcoin was around 45-47 lakhs and we are all in profit. Then what happened all of a sudden? And other altcoins also went down and they went down faster than bitcoin and ethereum. Ethereum went down 16% and the price neared 2 lakhs. Which is much less, there have been other crypto crashes in the past. Binance Coin went down with 25% and the price of BNB became 30 thousand but it is at 50 thousand before the crash. Loss of 20 thousand which is a much bigger amount as compared to their previous prices. Let us tell you that in the last 7 days, about 600 billion dollars were wiped out from the crypto market. And this amount is the amount that actually came in his pocket. Can you see how much money has been wiped out of cryptocurrencies?
On May 20, 2021, people sell $500 billion worth of cryptocurrency out of fear in about 2 hours. $600 billion was wiped out from 7000 crypto tokens now you can calculate the total amount wiped out. The total amount is around $1100 billion if you convert it to Indian Rupee it will blow your mind. Let me give you a task to convert that amount to Indian currency which is INR and comment your answer.
Reason why the crypto market is down?
If you check the market fear and greed index on May 19-20, you will find it around 31. It means people are in fear and you know the real thing that the big players want you to be in fear. And if people are in fear, it is obvious that people will sell their crypto or assets. One after the other, this huge amount is being made. You can check the market fear and greed index every time, here is the site where you can find https://money.cnn.com/data/fear-and-greed/ Today 07/07/2021 its about 39 whatever it shows that people Still in panic.
Now you know the real reason for the fall of crypto market is big players selling their assets and people are also selling out of fear. By doing this the crypto market crashes but wait while the market is in a sense of fear people were selling their assets. That’s exactly what rich people want. They want you to sell their property and get out of this market. Market works on demand and supply when people are selling i.e. supply is increasing rapidly. That’s why the crypto market is going down, down and down. To Know in Hindi visit Hindi Gyan Blog There is one strategy that is being followed by the rich people in the crypto market and the strategy is pumping and dumping.
2022 में ऑनलाइन पैसे कमाने के 9 सिद्ध तरी
Share Market Kya Hai | शेयर बाजार का इतिहास।
The rich and big players of crypto scare the market sentiment. Because rich people want you to lose your money. The big players don’t want you to make money off cryptocurrency, so they employ pumping and dumping tactics. Let me tell you in simple words what is Pumping and Dumping?
Pumping and Dumping
Pumping and dumping is the strategy that is made by big or rich players who have already invested huge money. Or want to earn more money. Let us see it with a simple example. A person X has invested a huge amount on crypto A. Now he will promote or create false news in the market. And with that news people are going to buy crypto A. Then just in case the price of crypto A will suddenly increase then that person X who invested earlier, got higher profit.
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