In my opinion regulations are good for crypto as this way it will be safer for institutional investors to enter the market.
They are trying to control the cryptocurrency market. Banks never give up.
Topic: Regulation and Apathy hit bitcoin market (Read 173 times)
sr. member
Activity: 375
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They are trying to control the cryptocurrency market. Banks never give up.
In my opinion regulations are good for crypto as this way it will be safer for institutional investors to enter the market.
Regulation is only one factor as the cause of the current perfornance of crypto.
There are of course other factors which we dont need to list. Im not overly
bothered at the moment although I can understand the worries some people
are experiencing.
We all need to remind ourselves of the benefits of BTC and crypto even in
the face of negativity.
There are of course other factors which we dont need to list. Im not overly
bothered at the moment although I can understand the worries some people
are experiencing.
We all need to remind ourselves of the benefits of BTC and crypto even in
the face of negativity.
Wild fluctuations within the bitcoin market have once again sparked debate between investors who believe it is merely undergoing a "correction" and those who see it as a costly fad.
if you cut away december/january. and call december/january the freak of nature.. and ignore it statistically... then you will see that bitcoin is still in good position
so stop thinking tha decembers volcano eruption is the norm to then treat this months shallower movement as the emotional disaster
instead treat december as the motional shocking event. and this month as the normal daily life..
saying things like "when will it return to $20k" is the foolish mindset that bitcoin has always been at $20k. thus feeding into the foolish emotion that todays prices is the abyss that has never been seen fo 9 years.
th reality is that prices were way less than today just 4 month ago
thats right.. we have only been ABOVE $6k for 4 months of the 9 years bitcoin existed. and that period of being above $6k is happening right now, this last 4 months.. no other time before it have we been at over $6k
so chill out
if anything. we know the price can go to $20k because it has. dont treat the $20k as a historic trend. but a future possibility.
so stop thinking tha decembers volcano eruption is the norm to then treat this months shallower movement as the emotional disaster
instead treat december as the motional shocking event. and this month as the normal daily life..
saying things like "when will it return to $20k" is the foolish mindset that bitcoin has always been at $20k. thus feeding into the foolish emotion that todays prices is the abyss that has never been seen fo 9 years.
th reality is that prices were way less than today just 4 month ago
thats right.. we have only been ABOVE $6k for 4 months of the 9 years bitcoin existed. and that period of being above $6k is happening right now, this last 4 months.. no other time before it have we been at over $6k
so chill out
if anything. we know the price can go to $20k because it has. dont treat the $20k as a historic trend. but a future possibility.
Everyone must face the reality: regulations would always be there as long as there's money to be made on a certain thing, even if no central authority produces or controls it. Also, I don't even think regulations have something to do with the recent price crash. The price went up too much at an uncontrollable rate and everyone thinks it's normal. At some point, it needs to be corrected since you can't expect everyone to still keep on buying even at that high., and that's what's happening right now, sans the regulations expect.
Regulation of bitcoin is needed to maintain the balance and stability of the world economy. December 2017 is a month of grace and happiness for bitcoin holders whose crypto market creates the history of the highest Bitcoin price almost touching $20,000, I also think that right now we will not see that high price in the near future due to the pressure that causes the price drop also continues to strengthen where many companies are banning the crypto advertising, especially ICO which is a fund for a crypto. The decline during the beginning of this year is a move that is restoring bitcoin prices that had been pumped in December 2017 because of the pumping is happening extraordinary bubbles and it must be normalized so that the market becomes conducive and does not disrupt the stability and balance of the world economy.
sr. member
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All of a sudden, everyone is damn sure Bitcoin will never hit $20000, thanks to a bearish market! Four to six months ago, they were all singing a different tune and some even predicted it will hit $100,000! Did anyone ever think that five years ago when bitcoin was around $12 that it will hit $1000 and even $20000 in the same year.
I am positive that bitcoin will bounce back. It might take months or even years but I expect it to happen!
I am positive that bitcoin will bounce back. It might take months or even years but I expect it to happen!
I am very positive on bitcoin that is why I have resigned in my work (Former Banker). I am now educating people about cryptocurrency, I travel a lot just to go to areas where in people has zero knowledge about cryptocurrency and that lead me here in bitcointalk for me to gain more knowledge. Always excited by reading reply or topics here and share to other people what I have learned.
Bitcoin got big cos you could sell it for more than what you paid for it.
Since the opposite is now true then nobody wants to buy it so it will inevitably decline until it reaches such a point that people think its a bargin. We are nowhere near that point.
All these idiots spreading fud that its cheap now are hodlers with money to lose as the price continues to decline.
Hodlers are thick.
Since the opposite is now true then nobody wants to buy it so it will inevitably decline until it reaches such a point that people think its a bargin. We are nowhere near that point.
All these idiots spreading fud that its cheap now are hodlers with money to lose as the price continues to decline.
Hodlers are thick.
Regulation and apathy hit bitcoin market
LONDON - Wild fluctuations within the bitcoin market have once again sparked debate between investors who believe it is merely undergoing a "correction" and those who see it as a costly fad.
After a buying fever at the end of 2017 that sent the price of a token to nearly $20,000 and a spectacular fall at the beginning of the year, bitcoin's price made a modest recovery before falling sharply again this month.
"This is a healthy correction after an exuberant 2017," said Kyle Salmani, founder of crypto-currency fund Multicoin Capital, which manages $50 million (41 million euros) of private cash.
Despite his optimism for the sector, Salmani's fund is not betting on a rise in bitcoin prices, instead focussing on competitors with more a impressive recent track record and more innovative technologies.
"Certainly the halcyon days of performance gains from 2017 seem long gone," added Jordan Hiscott, investment manager at the Ayondo Markets online platform.
THE BUBBLE BURSTS
Bitcoin now makes up only 40 percent of the volume of crypto-currency transactions, having accounted for 80 percent of the market just a few months ago, according to coinmarketcap.com data.
The weekly number of Google searches containing the term bitcoin is five times lower than at its peak, in the week of December 17 to 23.
Bitcoin now trades at around $8,000, compared with $19,511 at the end of December, according to Bloomberg figures.
Morgan Stanley analysts stressed in a note published in early March that bitcoin was behaving much like the stock market did in the dot-com crash of the 2000s, only at "15 times the speed".
However, the cryptocurrency has already lost about 90 percent of its value on two occasions since its 2009 launch -- in 2011 and 2015 -- before recovering.
"I wouldn't be surprised to see prices fall to $5,000 from here or go back above $10,000," said Craig Erlam, an analyst online currency trading platform Oanda.
But he believes that the levels reached in December will not be seen again any time soon.
"The incentives for holding bitcoin is simply the belief that it will become more adopted and widespread," he said, explaining why many were still holding onto their bitcoin wallets.
WELCOME REGULATIONS?
The market's volatility has tended to defy expert analysis, but some link the recent fall to stricter regulations.
Those policing the largest bitcoin markets, the FSA in Japan and the SEC in the United States, have increased warnings and action against suspect trading platforms.
In addition, social networks Facebook and Twitter as well as the search engine Google have all announced a ban on advertising for ICOs -- fundraising campaigns carried out in cryptocurrency.
"In the short term, it's bad news," acknowledged David Drake, who manages the LDJ Capital investment fund.
"But we need regulations," he told AFP.
Others put the volatility down to sell-offs by historical players in the bitcoin market who carved out huge positions when it was in its infancy.
A Tokyo attorney and bankruptcy trustee for the now-defunct cryptocurrency exchange Mt. Gox revealed that he had liquidated $400 million of bitcoin tokens on behalf of creditors, depressing the market.
The lawyer, nicknamed "Tokyo Whale", said he had sold the tokens between December and February, and did not rule out resuming the sell-off, with $1.9 billion still to be offloaded.
"With this kind of volume yet to surface, in my view, prices on bitcoin will remain depressed until this situation has been resolved," warned Hiscott.
Source: Regulation and apathy hit bitcoin market
I don't think regulation will have such a big impact on the price of bitcoin. Now that the price of bitcoin has dropped a lot, I think it's only temporary, it's not going to be in that price for a long time. Looking back at the history of bitcoin, you will see that this is normal and will soon be restored. LONDON - Wild fluctuations within the bitcoin market have once again sparked debate between investors who believe it is merely undergoing a "correction" and those who see it as a costly fad.
After a buying fever at the end of 2017 that sent the price of a token to nearly $20,000 and a spectacular fall at the beginning of the year, bitcoin's price made a modest recovery before falling sharply again this month.
"This is a healthy correction after an exuberant 2017," said Kyle Salmani, founder of crypto-currency fund Multicoin Capital, which manages $50 million (41 million euros) of private cash.
Despite his optimism for the sector, Salmani's fund is not betting on a rise in bitcoin prices, instead focussing on competitors with more a impressive recent track record and more innovative technologies.
"Certainly the halcyon days of performance gains from 2017 seem long gone," added Jordan Hiscott, investment manager at the Ayondo Markets online platform.
THE BUBBLE BURSTS
Bitcoin now makes up only 40 percent of the volume of crypto-currency transactions, having accounted for 80 percent of the market just a few months ago, according to coinmarketcap.com data.
The weekly number of Google searches containing the term bitcoin is five times lower than at its peak, in the week of December 17 to 23.
Bitcoin now trades at around $8,000, compared with $19,511 at the end of December, according to Bloomberg figures.
Morgan Stanley analysts stressed in a note published in early March that bitcoin was behaving much like the stock market did in the dot-com crash of the 2000s, only at "15 times the speed".
However, the cryptocurrency has already lost about 90 percent of its value on two occasions since its 2009 launch -- in 2011 and 2015 -- before recovering.
"I wouldn't be surprised to see prices fall to $5,000 from here or go back above $10,000," said Craig Erlam, an analyst online currency trading platform Oanda.
But he believes that the levels reached in December will not be seen again any time soon.
"The incentives for holding bitcoin is simply the belief that it will become more adopted and widespread," he said, explaining why many were still holding onto their bitcoin wallets.
WELCOME REGULATIONS?
The market's volatility has tended to defy expert analysis, but some link the recent fall to stricter regulations.
Those policing the largest bitcoin markets, the FSA in Japan and the SEC in the United States, have increased warnings and action against suspect trading platforms.
In addition, social networks Facebook and Twitter as well as the search engine Google have all announced a ban on advertising for ICOs -- fundraising campaigns carried out in cryptocurrency.
"In the short term, it's bad news," acknowledged David Drake, who manages the LDJ Capital investment fund.
"But we need regulations," he told AFP.
Others put the volatility down to sell-offs by historical players in the bitcoin market who carved out huge positions when it was in its infancy.
A Tokyo attorney and bankruptcy trustee for the now-defunct cryptocurrency exchange Mt. Gox revealed that he had liquidated $400 million of bitcoin tokens on behalf of creditors, depressing the market.
The lawyer, nicknamed "Tokyo Whale", said he had sold the tokens between December and February, and did not rule out resuming the sell-off, with $1.9 billion still to be offloaded.
"With this kind of volume yet to surface, in my view, prices on bitcoin will remain depressed until this situation has been resolved," warned Hiscott.
Source: Regulation and apathy hit bitcoin market
Like it or not, that is how Bitcoin is. And nothing can ever change it. So people should either live with it or just migrate to other cryptocurrencies if they can't bear all this.
Oh! wait, other cryptocurrencies are also in on this!
Guess we have nowhere to go. 
Oh! wait, other cryptocurrencies are also in on this!
Guess we have nowhere to go. 
I don't think the recent downtrend was caused by the news about regulations. I think we're seeing this decline due to a combination of several factors: low demand due to the bearish sentiment, usual fud, and massive panic selling that keeps tanking the price. I believe this is just a phase, once the market gets rid of the weak hands we're going to a recovery, but we still need a big push (some kind of news) that can trigger a spike in the price leading us to the beginning of a new bull run this year.
I think everyone is expecting too much. Once when Bitcoin touched 20000$ everyone expected this rise will not stop and they thought they will become rich in no time. So "low"' price disappoints them.
But like always the reality is different, you can't become millionare over night. Current pice reflects the value that users are willing to pay at the moment and it will change when market will be ready for that.
And low price isn't caused by regulation annoucements, this is completely wrong theory.
But like always the reality is different, you can't become millionare over night. Current pice reflects the value that users are willing to pay at the moment and it will change when market will be ready for that.
And low price isn't caused by regulation annoucements, this is completely wrong theory.
This. Not everything is about regulations, whales, and what not. A simple possible reason on why bitcoin is crashing in price is simply because the hype has died down and is continuing to go down. Simple as that, I think people are over-analyzing and over-complicating things.
Here's the popularity of bitcoin via Google searches in the past 12 months. And surely and as expected, we peaked on December 2017.
Can BTC have the same run up as last year? Definitely. I think we just need another huge hype cycle. How? When? I really don't know.
All of a sudden, everyone is damn sure Bitcoin will never hit $20000, thanks to a bearish market! Four to six months ago, they were all singing a different tune and some even predicted it will hit $100,000! Did anyone ever think that five years ago when bitcoin was around $12 that it will hit $1000 and even $20000 in the same year.
I am positive that bitcoin will bounce back. It might take months or even years but I expect it to happen!
I am positive that bitcoin will bounce back. It might take months or even years but I expect it to happen!
sr. member
Activity: 375
Merit: 1021
Just in case no one loves you, I love you 3000.
Yes the press is really turning up the heat on its crypto fud. The funny thing is, all of this only increases the amount of attention the mainstream pays on crypto. There is no such thing as bad press.
Yes, agree. Press are just dumping negative thoughts to people because central banks are going to buy cryptocurrency this year, which include bitcoin.
It's sad to say but I think it's true. Bitcoin isn't likely to see $20,000 again any time soon. There is too much negative pressure on it right now, I don't see any new big companies accepting bitcoin, as nobody wants to get their hands burned. The simple fact is, unless Bitcoin achieve mass adoption its price does not belong above $20,000. It's sad to hear but it's true, I'm already down crazy amounts and still holding, so I really don't have an agenda against BTC.
Please tell me why you price $ 20,000 for bitcoin? Probably in order to sell quickly because you have lost confidence in bitcoin? Such as you now a lot and for this reason we will not see the price of $ 20,000. You will sell your coins at the lowest level and when you do not have that sell the price will rise. We've seen this before.Yes the press is really turning up the heat on its crypto fud. The funny thing is, all of this only increases the amount of attention the mainstream pays on crypto. There is no such thing as bad press.
It's sad to say but I think it's true. Bitcoin isn't likely to see $20,000 again any time soon. There is too much negative pressure on it right now, I don't see any new big companies accepting bitcoin, as nobody wants to get their hands burned. The simple fact is, unless Bitcoin achieve mass adoption its price does not belong above $20,000. It's sad to hear but it's true, I'm already down crazy amounts and still holding, so I really don't have an agenda against BTC.
Please tell me why you price $ 20,000 for bitcoin? Probably in order to sell quickly because you have lost confidence in bitcoin? Such as you now a lot and for this reason we will not see the price of $ 20,000. You will sell your coins at the lowest level and when you do not have that sell the price will rise. We've seen this before. 
I think everyone is expecting too much. Once when Bitcoin touched 20000$ everyone expected this rise will not stop and they thought they will become rich in no time. So "low"' price disappoints them.
But like always the reality is different, you can't become millionare over night. Current pice reflects the value that users are willing to pay at the moment and it will change when market will be ready for that.
And low price isn't caused by regulation annoucements, this is completely wrong theory.
But like always the reality is different, you can't become millionare over night. Current pice reflects the value that users are willing to pay at the moment and it will change when market will be ready for that.
And low price isn't caused by regulation annoucements, this is completely wrong theory.
sr. member
Activity: 375
Merit: 1021
Just in case no one loves you, I love you 3000.
It's sad to say but I think it's true. Bitcoin isn't likely to see $20,000 again any time soon. There is too much negative pressure on it right now, I don't see any new big companies accepting bitcoin, as nobody wants to get their hands burned. The simple fact is, unless Bitcoin achieve mass adoption its price does not belong above $20,000. It's sad to hear but it's true, I'm already down crazy amounts and still holding, so I really don't have an agenda against BTC.
We are just starting many new things will come our way.
"What is more amazing is that Betway has not only limited the odds it is offering on Bitcoin becoming an accepted payment method to McDonalds. Retail stalwarts Argos are in at 4/5 to begin accepting Bitcoin payments by late 2018, while travel giants British Airways are currently showing as 1/3 to do the same. In what would be a major move for them and their customers, the all-conquering Amazon are in the running too, with odds of 6/4 being given by Betway."
Source: McDonald Accept Bitcoin 2018
Old meme, but still true
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