Trade volume does not mean buying, it can be selling too. If too many people shed bitcoin, volume increases and price decreases. IMO, that is what going on now ! See further slide in next screen today!
Crypto currencies have lost half their value, which is good news. It is good because a $500b loss won’t infect the $80trillon world economy. If crypto had another 1000% gain it would have taken us into a world recession in a crash.
Best case senario is another 50% drop. It will remove the speculation and stabilize the market.
The trend is negative…Same with pot stocks…You would think the more millienials lose on bitcoin their pot consumption would increase…lol
What bitcoins investors don’t understand is it’s only appeal was that it had skyrocketing appreciation, now that is gone, the emperor has no clothes, game over.
It was stagnant for 8 years, and then some Japanese speculators manipulated the market last year. Like the Hunt brothers with silver in 1980…silver still hasn’t recovered
Pot stocks are down, because Sessions reversed an Obama admin policy. Obama’s administration said if a state legalized pot, then the federal government wouldn’t interfere and enforce federal laws against it. Sessions said they wouldn’t follow that policy which means even if your state allows it, you could face federal charges.