Hodlers Are Hurting, Cryptos Crushed with Another $20 Billion Dumped

in #cryptocurrency6 years ago

HodlersFOMO Moments

Another 2018 low is hit, Ethereum, XRP, Neo and Iota getting hammered

The rout has continued into the weekend as crypto markets plummeted to another low for the year. Another $20 billion has been dropped from markets as they slid below $210 billion for the first time in nine months.Bitcoin failed to hold support at $6,400 and has dropped 4.7% on the day to $6,150. If the bears do not release their stranglehold it could easily fall below $6k and into dangerous territory. This is bad news for Ethereum which is at its lowest point for a year, down 11.4% to $320.

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Read the full article here:

https://www.newsbtc.com/2018/08/11/hodlers-are-hurting-cryptos-crushed-with-another-20-billion-dumped/

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I am very curious how Bitcoin will be used in the future if everybody keeps holding xD. I mean how can it become a payment method of nobody wants to spend their Bitcoin. Great post btw buddy ;)!

i think people will start spending their bitcoin when its prices goes up a lot and starts moving slowly up and down. They do not want to spend it because they believe that it will go up more and more

hani hna tatk from moroco

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