November 15th was thought to be the worst day for cryptocurrency investors and enthusiasts.
There is more bad news.
Cryptocurrency charts have gone lower.
Welcoming December with an all around red.
The list goes on until:
Tether: Green (oh the irony)
At the time of this writing, $17 billion have been lost since the sun dawned.
All cryptocurrencies (except stables) have lost 7 to 15% of their market cap.
For Bitcoiners, the currency has hit the lowest since Oct 2017. Also, the price is treading into rarely visited $4000-5200 territory.
And to think that the general vibe of the investor-sphere after November 15th was a bull run.
Ofcourse, there’s a mixed reaction from people. Some, who are very small in number, are optimist that this is just a market manipulation to make for a bull run for Bakkt release. Others, not so.
This is bullshit. I’m broke, I hate myself, BTC is slow and useless, at least my money in the bank doesn’t drop by 80% if I hodl. Satoshi is the devil, you’re all in over your head. Go to hell, I sold it all and I’m out! $BTC $ETH #cryptocurrency
— RunTheGauntlet B.T.C (@Kiwialter) November 19, 2018
This high-risk behavior of cryptocurrencies is making it more and more difficult for general adoption to set precedent.
Keep Hodling. We never know when the time comes.