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RE: Possible reason for today's crypto selloff

in #cryptocurrency5 years ago

Greetings appreciated @culgin.

Trust is still betrayed.

The moments of crisis that the crypto market has suffered have been preceded by scam plays that have involved a large number of investors.
After the proliferation of false ICOs, we were able to witness the fall of 2018. Today you propose this hypothesis which makes perfect sense.

Whenever cases like these occur, the negative effects caused in the mood of crypto investors are slow and costly to overcome. Undoubtedly, a massive and nervous sale like this is capable of tearing down the market.

Hopefully, measures based on these experiences will be taken to restore investor confidence.

Your friend, Juan.

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Indeed. Many ICOs have failed. Some are outright scams and some simply couldn't survive the bear market

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