Greetings friends!

I was expecting crypto price to go up. But what happened? Within a few hours crypto market started crashing. Bitcoin was above $124k and withing a few hours it crashed to $108k. Hive and steem price dropped more than 20% within a few hours. In less than 24 hours, over $19 billions were wiped out.

(pixabay free image)

Yes, Trump's decisions are behind this but it must be realized that crypto market has no significant base. They are just tokens on internet which can be created by anyone. Thus, we have thousands of cryptocurrencies in markets. Crypto also very vulnerable. A single news or event can render them to zero value. This is the reality which we must accept honestly.

Nothing in this world is permanent but cryptos are highly volatile. You won't agree with me but it is true that cryptos can never replace fiat, they can never be accepted as we accept silver and gold. That's it.

Thanks!