Cryptocurrency market to suffer from strong correction - page 10.

el kaka22

legendary

Activity: 3710

Merit: 1170

www.Crypto.Games: Multiple coins, multiple games

Quote from: Bestpromoter on May 16, 2018, 02:03:05 PM

Even if they are the biggest organization in the world they can't control the value of bitcoin because all of the people who are using bitcoins are the stake holder and no one can say that in the future the value of it like that. Only time can tell to us what will happen in future.

I even wonder why sometimes we pay much attention to things like this. Market generally is volatile and there is absolutely nothing anyone can tell me about the future now that I will believe either in the bear or the bull perspective.

Yeah, I believe in the potential of bitcoin in the long run to give a sweet value based on real life adoption and usage, but assuming a strong correction like the OP said, or just assuming a huge price for the future, is just what has turned this market into a purely speculative market and that is not helping.

santiPOGI

full member

Activity: 1004

Merit: 111

Quote from: Psicotico on May 04, 2018, 04:57:09 AM

Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.

On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.

Source: http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correction

This is not true, 90% is a huge blow to cryptocurrency.
coins and tokens can go higher 90% or better.
the price will always depend on the demand of the people and how they will hold their belongings.

joyclicks

jr. member

Activity: 64

Merit: 2

Quote from: jvdp on May 12, 2018, 09:01:07 PM

Quote from: BillCoin on May 12, 2018, 07:07:36 AM

Seems like the recent drop in bitcoin's price was because of law enforcement going against the biggest Korean exchange Upbit.
More info can be found here:

https://www.bloomberg.com/news/articles/2018-05-11/cryptocurrency-exchange-upbit-raided-by-south-korean-authorities

This exchange was one of the biggest for altcoins trading and that's the reason most of the altcoins are down about 20 percents or more in the last week, people who was invested in bitcoin only didn't really feel the drop as bitcoin went down only about 10% which is not huge compared to altcoins.

Still we have positive news also back to this. I do not why we see the bitcoin price started falling for single bad news and why not we missed to see the bump whenever we see positive adoption.
Newbie investors really does not what is happening in the market and selling it with panicking.
To say exactly we lost around 750 USD and more mate.

I think the reason for such huge dump in the price was because the huge bump was unnatural. I don’t know the reason but it was not according to the market cap. People were happy when the price reached to $20k in just few months. But then corrections started and the price dropped to $6k again. That was the natural price. I think there is nothing to worry about the price.

olubams

hero member

Activity: 798

Merit: 503

Strong correction I believe is an overrated term. Yes there would be correction which would likely drop the price beyond what we are having currently but a strong one would mean a crash in price which is way out of line at this time. Analysts would say things for them to cotinue to be in the news. Only if there is a way to punish people if there predictions fail to hempen after a specific period of time, it would have reduce all of this not so thoughtful predictions.

Mhd-Bobbi

member

Activity: 434

Merit: 13

Cryptocurrency itself is a term for virtual currency that uses encryption to verify every remittance unit among users, as well as manage the release of new currency units. This virtual currency operates independently without central bank intervention.

Besides Bitcoin, there are actually many cryptocurrencies circulating around the world. In November 2017, there were over 1,300 cryptocurrencies recorded.

we try to summarize some of them, which is also the most valuable virtual currency (market capitalization) today.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: Bestpromoter on May 16, 2018, 02:03:05 PM

Even if they are the biggest organization in the world they can't control the value of bitcoin because all of the people who are using bitcoins are the stake holder and no one can say that in the future the value of it like that. Only time can tell to us what will happen in future.

If the price of the bitcoin is very low then the investors needs to hold on that is the way to make the value increasing so make a little patience and wait sometimes then it will be normal soon.

Bestpromoter

full member

Activity: 322

Merit: 100

Even if they are the biggest organization in the world they can't control the value of bitcoin because all of the people who are using bitcoins are the stake holder and no one can say that in the future the value of it like that. Only time can tell to us what will happen in future.

audaciousbeing

hero member

Activity: 1330

Merit: 569

Quote from: Psicotico on May 04, 2018, 04:57:09 AM

Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.

On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.

Source: http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correction

This report is a contradictory one. The first paragraph about the prediction of collapse while the other is about boost confidence in the crypto industry because by virtue of mere being talked about for a decision to be made, is worth mentioning as a boost and whether the decision would be favorable or not is another thing entirely.

Predictions come and go, now this set of analysts are predicting that over the next 12 months which is 2019 that price are going to suffer a huge dip and some set of other analysts also believe that from next month, the price of crypto would start seeing some upward trend and May will be the end of this low prices across the market. While people and enthusiasts are quick to relegate the former to mean FUD, I can say the latter is not any different. What makes the difference is those of us who use the information and chose to believe what we wanted and make a decision based on that.

Titus Maximus

member

Activity: 154

Merit: 60

Quote from: reflector on May 09, 2018, 12:45:19 PM

Quote from: RockBar0 on May 09, 2018, 10:50:18 AM

Currently, the cryptocurrency market is in a difficult period when most of the coin falls sharply, although I still believe that this difficult period will soon be over because I believe in the potential of the market. this in the future. Determine long-term investment with this market so you do not have to worry too much when the market fluctuates.

Why you are saying it is difficult mate. I see decent growth when we comparing last month to this month. Really worst to see the answer without analyzing the data properly.
Please try to check the CMC always mate. There you could neat chart whether the value bumped or not.
If you think still market fluctuates and being not stable. First understand crypto currencies are volatile in nature itself.

Indeed we saw a nice recovery from the last month to the current one but people have to learn to be a bit more patient or don’t fall for every bit of bad news that often turns out fud as the SEC “decision” on Ethereum that never took place. Also you should not only look on CMC but do more background research, when I see people busy with Crypto in my office I mostly see them looking at chart, rarely reading a whitepaper. If you have to look at charts and are not a day trader then use a wider filter like 7 day instead of 24 hour changes. Better for your mood too, at least until we get in a real bull run.

leea-1334

hero member

Activity: 2352

Merit: 953

Temporary forum vacation

Quote from: Tylev on May 10, 2018, 10:45:04 PM

Quote from: Psicotico on May 04, 2018, 04:57:09 AM

Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.

On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.

Source: http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correction

After the last December such a blue and long correction, with which the crypto currency has not completely come to an end, a new drop in the market by 90 percent is very unlikely, one can even say that it is impossible. Moreover, there are no grounds for this. Here, too, there is no reference to the analysts' opinion about such a new fall of the crypto currency, so this news should be considered as fictional. Probably, people have nothing to write about, and they spread various sensational inventions.

Actually,,, I somehow missed reading the whole content the first time I read this article and was only focused on the supposed SEC meeting about Ethereum as a security. I do not think any analyst can say what will happen, especially in such a short timeframe of 12 months,,, but I would agree quite wholeheartedly that even if 90% of cryptos collapse to 90% or worse, I would be happy. Because I still have most of my holdings in Bitcoin, and I have faith in the few alts I truly hold. So, this is all good news to me.

posi

hero member

Activity: 2268

Merit: 579

DGbet.fun - Crypto Sportsbook

Quote from: MGBloomz on May 13, 2018, 09:10:29 AM

Quote from: Psicotico on May 04, 2018, 04:57:09 AM

Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.

On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.

Source: http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correction

oh it's now 13 of May and I did not hear any updates from that meeting it seems this is just a FUD that nothing as spreading fake news to distract crypto investors and even if they will release a regulation they can't control the growth of cryptocurrencies.

Well, not all cryptocurrency web or blogsite news are genuine cause some are posting in other to manipulate the market by posting series of FUD. However, the bitcoin market is not looking good, could it be the GOX trustee flooding the bitcoin market things was the cause?

MGBloomz

member

Activity: 238

Merit: 10

Lead generation one-stop shop platform powered AI

Quote from: Psicotico on May 04, 2018, 04:57:09 AM

Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.

On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.

Source: http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correction

oh it's now 13 of May and I did not hear any updates from that meeting it seems this is just a FUD that nothing as spreading fake news to distract crypto investors and even if they will release a regulation they can't control the growth of cryptocurrencies.

Arkham Knight

full member

Activity: 532

Merit: 100

Quote from: Psicotico on May 04, 2018, 04:57:09 AM

Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.

On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.

Source: http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correction

90%? more like 1000% FUD detected. This is another outrageous attempt to crash crypto and it felt like this is going on for a thousand times or more than that. Crypto will moon and it's going to be more epic this time.

jvdp

hero member

Activity: 1148

Merit: 523

CryptoTalk.Org - Get Paid for every Post!

Quote from: BillCoin on May 12, 2018, 07:07:36 AM

Seems like the recent drop in bitcoin's price was because of law enforcement going against the biggest Korean exchange Upbit.
More info can be found here:

https://www.bloomberg.com/news/articles/2018-05-11/cryptocurrency-exchange-upbit-raided-by-south-korean-authorities

This exchange was one of the biggest for altcoins trading and that's the reason most of the altcoins are down about 20 percents or more in the last week, people who was invested in bitcoin only didn't really feel the drop as bitcoin went down only about 10% which is not huge compared to altcoins.

Still we have positive news also back to this. I do not why we see the bitcoin price started falling for single bad news and why not we missed to see the bump whenever we see positive adoption.
Newbie investors really does not what is happening in the market and selling it with panicking.
To say exactly we lost around 750 USD and more mate.

The_Dark_Knight

hero member

Activity: 840

Merit: 502

Quote from: Psicotico on May 04, 2018, 04:57:09 AM

Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.

On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.

Source: http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correction

A crash over 90% after we already had a crash close to 70% will mean that most coins will go very close to zero and to be honest I do not see it, even if just the people that are here in the forum did not sold our coins I think that will be enough to avoid such a crash but if you believe so strongly that is going to happen then short bitcoin or other cryptocurrencies and earn a fortune that way.

BillCoin

sr. member

Activity: 476

Merit: 259

Seems like the recent drop in bitcoin's price was because of law enforcement going against the biggest Korean exchange Upbit.
More info can be found here:

https://www.bloomberg.com/news/articles/2018-05-11/cryptocurrency-exchange-upbit-raided-by-south-korean-authorities

This exchange was one of the biggest for altcoins trading and that's the reason most of the altcoins are down about 20 percents or more in the last week, people who was invested in bitcoin only didn't really feel the drop as bitcoin went down only about 10% which is not huge compared to altcoins.

Digital_Lord

hero member

Activity: 1498

Merit: 502

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

Quote from: Daimon88 on May 07, 2018, 05:47:29 AM

I think have seen something similar to that before 🤔 and that was in 2017, so why are they repeating it now? Or is this just a FUD? Are they just reposting something that has happened just a long time ago to make the price of Bitcoin and other cryptocurrencies fall again? Well there is no problem, I’m ready for it. If price starts to go down like they said, I will withdraw my money and wait till everything gets better. But that won’t happen, I believe.

It will suffer more because the huge pump is now reducing and coming to its normal growth. People call it corrections but I think it was necessary to stop unnatural growth. Such currencies disappear after some time which is not according to their market value, but bitcoin is now on the right track. Now people are happy with this growth.

expless

member

Activity: 200

Merit: 11

Quote from: ocid on May 07, 2018, 07:10:46 AM

no matter the bitcoin will fall in value by up to 90% in the next 12 months, this kind of news is no stranger to hear, it's done so everyone feels panic. if we are true crypto lovers, we must ignore such news. Bitcoin will continue to grow even though there is always a correction in market prices.

Up and down is part of business and especially in cryptocurrency business. A good and experience businessman will suffer big dump in the price because he knows that this is just a matter of time and after some time it will grow again. This is called business. Panic people cannot invest in bitcoin, because such investor can lose all or some of his money.

Vinalians

sr. member

Activity: 819

Merit: 251

Quote from: Psicotico on May 04, 2018, 04:57:09 AM

Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.

On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.

Source: http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correction

If you are just searching for more information regarding the strong correction and the decreasing of bitcoins price and any other cryptocurrency you should research more about it and not just basing in one article that doesn't seem true. Government even CFTC and SEC can't control the value of crypto's

Tylev

full member

Activity: 854

Merit: 104

Quote from: Psicotico on May 04, 2018, 04:57:09 AM

Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.

On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.

Source: http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correction

After the last December such a blue and long correction, with which the crypto currency has not completely come to an end, a new drop in the market by 90 percent is very unlikely, one can even say that it is impossible. Moreover, there are no grounds for this. Here, too, there is no reference to the analysts' opinion about such a new fall of the crypto currency, so this news should be considered as fictional. Probably, people have nothing to write about, and they spread various sensational inventions.

Topic: Cryptocurrency market to suffer from strong correction - page 10. (Read 2125 times)