Cryptocurrencies: A (Crazy) Decade in Review - page 2.

Yaunfitda

hero member

Activity: 2870

Merit: 594

As per article:

Quote

January, 2017 — Peoples Bank of China begins major crackdown on crypto exchanges

The PBOC took a strong stance on cryptocurrency exchanges in early 2017, beginning with a meeting with representatives of the major Bitcoin exchanges in China (BTCC, OKCoin and Huobi) to urge them to focus on compliance with regulations related to exchanges. This lead to a decrease in trading volume in China, and eventually the major Chinese exchanges halted withdawals and shut down fiat trading. A lot of trading volume was coming from Asia, so this painted a grim picture for the future growth and adoption of cryptocurrencies.

As far as I can remember, there are no Chinese related at that time. PBOC grew concerns about the so-called bitcoin exchanges, offering "no trading fee", and they realized that something is not right from behind and there could be manipulation or even fake volumes.

And that's how this whole crackdown started. The PBOC even called them just a "website" and not exchange, and so the rest is history.

Anyways, good list and I'm sure we look forward for more insights in the next ten years.

Hypnosis00

sr. member

Activity: 2436

Merit: 343

And yet, we have to foresee another decade of a crazy market as well.
Yes, we are still struggling for now and some say "a stormy life of crypto" but what it actually emphasizes is that crypto market needs strong support as this is a helping tool that could bring it out from that stormy condition otherwise, we can't see another crazy market again.

heidikim

full member

Activity: 602

Merit: 100

Crazy 10 years beautiful title. But we can say stormy two years. Bitcoin has upset some of its investors over the last 2 years. Because the prices fell a lot. If a rise is to come again, it is necessary to have a new advertisement. They offended the old investors.

its-a-me-mario

jr. member

Activity: 88

Merit: 9

Agreed we still have a lot of growth to go! I tried to keep the article about cryptocurrencies in general and not only be Bitcoin-specific, but Bitcoin so important and influential so inevitably a lot of the article was events related to Bitcoin itself. It's a beast in a league if its own.

aamirsuh

full member

Activity: 686

Merit: 101

Bitcoin is a project that will mark the 21st century. Does Satoshi know you're doing such a big thing? In 10 years bitcoin has taken a huge lead. In 2017 came the peak price. Can he rise to such a price again? I think there are still many stories for bitcoin.

its-a-me-mario

jr. member

Activity: 88

Merit: 9

Cryptocurrencies: A (Crazy) Decade in Review

The Bitcoin whitepaper was published by Satoshi Nakamoto on October 31, 2008. The following decade brought the growth of an entirely new industry and it’s been a wild ride filled with wealth, sorrow, and drama. Flash crashes, hacks involving hundreds of millions of dollars, illegal online marketplaces for drugs and weapons, all of it has led the massive growing industry we now know. As we near the end of the decade in 2020, let’s take a look back at where crypto started and its journey to where it is today.

I've written a lengthy piece covering the highlights of the last decade for our industry. Please click here to read the full story! https://www.coygo.app/blog/posts/cryptocurrencies-a-crazy-decade-in-review/

Topic: Cryptocurrencies: A (Crazy) Decade in Review - page 2. (Read 303 times)