Why Crytpocurrency is crashing | May 2021

Cryptocurrency is crashing  May 2021

 Then we should stop investing in cryptocurrency the answer is "NO" 


 If you are new in the market and you are someone who got interested in Cryptocurrency after ELON MUSK tweeted about Dogecoin. So then let me tell you, I'm just one of you. 

You all have heard about 

  1. Bitcoin Cash. ...
  2. Litecoin. ...
  3. Ethereum. ...
  4. Ripple. ...
  5. Stellar. ...
  6. NEO. ...
  7. Cardano.

these are cryptocurrency. Let's get a little deep to understand what is actual a cryptocurrency: 

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.


Cryptocurrencies are systems that allow for secure payments online which are denominated in terms of virtual "tokens," which are represented by ledger entries internal to the system. "Crypto" refers to the various encryption algorithms and cryptographic techniques that safeguard these entries, such as elliptical curve encryption, public-private key pairs, and hashing functions.



From 45 lakhs, today bitcoin value touched to 30,08,000/- (22nd May 2021), you must be wondering it's a big drop, then "hold on" if you someone who has invested in the initial stage, its a not to worry scenario. 

Elon musk's single tweet doubled the price of Dogecoin, and today as of 22nd May 2021, dogecoin is on the fall side. 


Almost all the cryptocurrency is on falling stage, the entire market is on Barrish mode. So if you thinking to invest in this cryptocurrency then hold on, first understand why the cryptocurrency market is on fall or crashing......


There are many factors which have fallen the graph of cryptocurrency, but let's talk on the most 2 announcement which has terrible impacted "BITCOIN"


China's announcement of banning Bitcoin and Elon Musk's announcement of electric car makers will not be accepting a bitcoin as a maker. This has terribly fallen the prices of bitcoin. 

Then we should stop investing in cryptocurrency answer is "NO" 

Elon Musk is planning to launch his own cryptocurrency, and currently in support of dogecoin.  So if you wanted to enter this market, then this is the right time to start with. 





@shaifalsayyed


Location: India

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