Very few industries are subject to as much criticism and personal opinions as cryptocurrency. It seems the opinions on Bitcoin and other currencies or projects are all over the place. While that creates some exciting conversations, it also appears they lead to a lot of misinformation. When it comes to the recent market sell-off, for example, it was seemingly a matter of time until the positive momentum was turned into a negative spree.
A lot of people were surprised to learn all major cryptocurrency markets lost a ton of value earlier this week. Even though the initial momentum throughout 2019 seemed somewhat promising, most of the gains have been eroded ever since. There are still a fair few questions as to what triggered this dump and whether or not it was an orchestrated event. According to David Thomas, the current situation may be an accumulation of recent events.