In this crypto market analysis, I'll show you what happened in the market recently & how you can identify profitable entries.
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Crypto market crash: https://www.youtube.com/watch?v=_kN9wTGNTdg
Hey Guys.. Gerald here. Today is January 17, 2018. During the past 24 hours, we've witnessed one of the biggest crashes in cryptocurrency history. I'm sure many of you're disappointed with what happened to the market.
This crypto market analysis is based up to January 16, so unfortunately I didn't include information on the big crash (as this video was recorded yesterday), but here's what I can say about it;
Major and continues bad news from South Korea and China has a lot to do with the market crash. People are fearful. South Korea represents a significant portion of the entire crypto currency market, making it an important player.
With all the negative news coming from China and South Korea that those countries will ban crypto currency trading, the sell off is understandable. People have a good reason to be paranoid. Government regulation is the only thing that can really break this industry.
I don't want to fear talk too much.. but I think we've a challenging time ahead of us and nobody knows what's really going to happen. I think there's a good chance that we will see a big rebound as there's still a lot of steam left. There are still tens of millions of people looking to get started with crypto trading. Those people didn't have a chance to get into the game.
Overall, I think the market isn't going anywhere, anytime soon.
Since the market crashed, I think now is a good time to buy in if you have some money left to play with.