We all woke up to the news coming from china on there strict regulation against bitcoin and ICO with rumours claiming one of chinese largest exchange btcc to cease trading of cryptocurrency from 30th of September,2017. This seem to be the beginning of effect of china sanctions as more chinese exchange are expected to follow suit with trader’s and market suffering severely.
The sanction from china is just the beginning of FUD as more countries are expected to join in the jamboree which might lead to cryptocurrency bubble coming earlier than expected and leaving more innocent rekt or ashdraked.
Market crash started since the adoption of ICO in the cryptocurrency community and will continue as long as more entrants are coming in to source for fund which will attract financial regulator to further place sanction and strict regulations to preseve the financial fair play. European Union and America will definitely come out sooner than later to regulate ICO and cryptocurrency in general which might lead to bubble.
Panic has been the major underlying factor that has been keeping the market in comatose as chinese exchanges in total control less than 8% of the total market share which shouldn’t cause this much effect. There’s a saying that “it might take a life time to build a house but it takes just a day to destroy it”. what should we now say about the cryptocurrency market that’s taken more than 3 months to crash? The market needs more than a pump to scale through from it’s present state before another FUD comes into play.
The potential risk of FUD is enormous ranging from centralised exchange, ICO explosion, Financial sanctions, Miners , Negative media among other’s as trading is more than buying low and selling. This are classic symptom of a bubble if not properly managed like other bubble
That’s why a group of concerned trader’s came together to support and insure traders by creating “PUMPTOKEN”. Pumptoken aims to enlighten the trader’s on the power of hodling and less panic while supporting the market with bearish moves anytime it’s down. “PUMPTOKEN” isn’t a pump and dump community but a community that aim’s to support a green bearish movement which is termed as pump by building blockchain based solution for trader.
Our github page is currently been updated to show the prototype of projects been developed and it’s available for the community for further development and test on https://github.com/pumptoken
Follow us on @1pumptoken on twitter for further update on our amazing project and join the pre-ico at htpp://pumptoken.com to join the revolution
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