Hi Guys,
What is going on? Why is the market going down? The total market cap of all coins on coinmarketcap is below $500bn!
We heard the "news" of USDT. They received a subphoena stating the founders of USDT ie Bitfinex to prove that USDT is fully backed by USD. We all know this is not the case. So don't understand why this is impacting the market.
The next reason I came across is the US citizens have to pay their taxes on the crypto profits. But the tax return for 2017 is due 17 April 2018. True crypto investors would not sell at this moment but when the markets is going up. If you have until April to file your taxes then why would that be a reason for the current decline? Maybe somebody can comment on this?
What in my opinion is the reason for the recent decline is that rules and regulation is coming. This is not a bad thing. Absence of rules and regulation creates uncertainty. Uncertainty creates fear and is reflected in lower values.
I visited the ICO roadshow at Amsterdam past Monday and Tuesday. A speaker there (Nick - forgot his last name) made and interesting comment/warning. He said most exchanges are trading security-type-coins without having the proper security dealing license. By doing this, the exchanges are breaking the law and get huge fines are even/most likely jail time. Be careful where you are holding your coins.
Lets watch this development closely.
We are approaching the positions of the TMC just 15 days ago, so look at it in another way ... there are 334 days left in 2018 to move the course towards the moon.
Agreed
#hodling
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I believe that this decrease in bitcoin price is caused by a panic coming from small investors. Those investors - I would call them quick investors bought crypto back in Novemebr-December 2017 which led to price spike. Those investors hoped on further price increase which actually was promised. I remember a promise start of January 1 Bitcoin will stand at 28000 USD. Did that happen? No
So they keep selling because they see only losses. Soon they will clear up their speculative positions and hold people will start to gain. Crypto has huge potential - we see it many ICO promises. Those projects need to deliver - it will be good for crypto price aspect.
On the other hand many ICO will fail - we will see what comes in bigger numbers. It is hard to predict.
Thanks for your valuable comment.
maybe this decrease is due to the market price drop.Thank you for updating about the current cryptos price reductions.
Thanks for your post.
Thanks for updating about the current dip in crypto prices. It gave us some idea what is happening with the prices. I appreciate your tip for holding the coins at this stage. I will certainly wait and see. I think recent low trend will last soon.
Thanks.
You are welcome.
The market of course has a mind of its own, and I think it knows that Bitcoin isn't strong enough to hold up. Sometimes it is hard to predict no doubt, but I feel as if the Market knows that there is another coin thats stronger than Bitcoin, but the question is... Which #crypto is it? May the "Games" begin.. Right? Lol....
Everything connected to the BTC has a final resistance of 7500-7800 after the days left. It is not wise to sell these levels at all, but the final vibrations are done, but I do not know how long the eyes of the whale are dying. By the way, the biggest 100 BTC wallets have not been sold this week, only sold 1 3000 BTC. These sales are all panic sales of small accounts..gif)
That's true investors sell their coins when they see profile . My prediction is that it will stabilize soon...
Hope for the Best!!
Yes hope for the best.
yeah we just hope that bitcoin and the other currencies rise again ...
In India indian goverment action against bitcoin so many people sell coin more than 70% this is one of the reasons down market in India not fully ban bitcoin in India...
In crypto currency market fluctuation is normal case, market will goes up very soon.
Thanks for your support.
steem and sbd is going down its wondering.
The good thing is I'm still very bullish EOS long term but I'll wait for an upturn to buy more. I don't want to catch a falling knife.
EOS is also dropping but one of my most favorite coins.
The bear market won't end until all the leveraged longs and dip buyers get wiped out. People buy the dip and then put stop loss orders just below the lows. Whales push the price below the lows and that triggers a cascade of sell stops and margin liquidation which pushes the market lower. It won't end until everyone gives up hope and turns bearish. Then the bottom is in. Could be awhile.
Thanks for your post.
absolutely i agree with you that rules and regulations are very necessary for secure transactions so i will hold till boom of the market . i think the main reason behind this decline is all the invester thinking like me and holding therefore the transaction gone slow and price are declining day by day.its seems like in crypto market there are investers are bullish and they pull down the price. ,
It's the end of crypto...
NOT.
We are just getting started!
Prices have gone down because of many known and unknown reasons but the major factor that has worsen the whole situation are the people that don't know nothing about crypto or trading etc... In fud they just sell their whole crypto forcing the prices to go down much lower, if they control their fear then this market could not be as vulnarable as it is now. you are right, rules and regulation are really good, also necessary because we know what happened in japan. More than 600 million dollar were gone and that is very alarming.
All in all i just wish that the market settles down and move towards its next highest value.
I am on your side wishing the market would go up fast.
really sad..i think it is cause of India FUD, but let's see what will happen in the next hours.. meanwhile now we are around 9.000$(btc
FUD sucks man!
I heard of exchanges not having proper security dealing licensing. I think it was on someone reporting on KuCoin. Oh no my money!!! Is there a list out there on which exchanges have them and which ones do not?
Please let me know if you find the list. I think none are compliant yet. If they were we would know it.
I was wonder if new investors are not frustrated with cryptocoins volatility and decided it is not for them. Besides regulation talks, there are also many prominent economists alerting it is a bubble. And I thinck they have very good arguments to believe so...
For the new investors is must be very frustrating.
The top 20 cryptocurrencies by market capitalization are all down today in excess of 10 percent, market data reveals. According to CoinMarketCap.
Crypto market is giving us a great oppertunity to buy.
I even made a post on this issue on my blog some minutes ago, the market is not even promising an upward movement at all. Who could have believed that BTC could fall to 9000USD as at todays value and the worst is that, with the current position, it might still go below that thereby touching 8000USD or even lesser but we are not praying for that. Lets just keep calm, hope and pray that it will skyrocket back to normal. Panic is pulling it down the mote a d i bet you, this is the best time for real investors to buy
Keep calm and start buying :)
Its very strange that crypto currency goes down But i hope it will go up soon with a very high speed
Lets hope for a parabolic rise and rise!
I really am not sure what is causing this down trend, but I am not panicking and the HODL is real!
HODL is the only way.
really its bed for us......its occur many difficult situation... thanks for post
Your welcome.
Market's down pretty much from the start of the year.
Pfff tell me about it.
it's really bad news for us who has enough..
but i hope everything would be ok.
boss do'nt be upset :)
This is part of the game.
Thanks for sharing tje updates about crypto keep it up
Thanks!
Even Indian government announced tax on crypto assets.
Moodi saab
Great post. It's really strange the crypto currencies are going down.
Strange indeed.
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That is so TRUE... I knew #BTC was a weak coin... I think it is because of how hard and expensive it is to retrieve at this moment. Plus, how many merchants realize how hard it will be for thier unique, continous customers to securely spend thier BITCOINs. So therefore, I think that it's going to continue on plunging until it gets to a price that can produce a steady purchase for it.
Understand? When there are a certain number of transactions to a certain price, that's what it will be WORTH, for how long is based upon the actions of the #cryptocurrency market. Sometimes, there are some coins that hardly ever fluctuate or plunge, but "Steady" rise. Sometimes, depending on the market/economy, how fast the value rises.
So, in a way, #crypto #currency will outlast any other Tangible stocks because at least you can convert currencies, HOWEVER... you cannot convert solid stocks.
I think it is temporary fluctuation in the crypto market.The market will be stable soon and the prices will be rise again..............
whats happen sir? have no any activity in blog.
have u any prblm sir....
i miss u sir...