this is why cryptocurrency price become red for now

Tuare aget

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Quote from: jawatulen on February 02, 2018, 01:41:37 AM

https://www.bloomberg.com/news/articles/2018-02-01/india-to-curb-cryptocurrency-use-while-embracing-blockchain
“The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system,” Finance Minister Arun Jaitley told

what will you do ? hold or sell ?

Its not the only reason why bitcoin goes down rapidly this time.
The price nearly crash but i am not sure it will be really crash since the community still strong enough.
Holding is the only one reason which can make our asset value grow at least back to its beginning amount.

maiden

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Chainjoes.com

Quote from: jawatulen on February 02, 2018, 01:41:37 AM

https://www.bloomberg.com/news/articles/2018-02-01/india-to-curb-cryptocurrency-use-while-embracing-blockchain
“The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system,” Finance Minister Arun Jaitley told

what will you do ? hold or sell ?

Im still gonna hold mine, this is some kind of another manipulation tactics, government used threats like they dont legalize cryptocurrency, or anything then this will result another FUD.

hyunee

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That is one of the main reason why cryptocurrencies value are now on their biggest dump and i really hope they will recover soon. There are also some reasons why the price of the cryptocurrencies are no on its dump. One of the results for this is that cryptocurrencies' investors withdrawn their investment because they are afraid of the outcome for this. Which results to the lower value and biggest dump on the bitcoin. I've just read that some chinese investors tend to sell their money because of chinese new year. And we are all aware that lots of investors are mostly chinese people.

jawatulen

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Quote from: AiwonOleh on February 02, 2018, 04:29:17 AM

Well, such news is now very much and they do not frighten me because I think they will not be able to control everything, so I will keep my coins and wait for growth

nice decision my friend Wink

i keep all my crypto in my ledger nano s too,,
and forget a while this situations, which mean i will look at my ledger in few months later Wink

only a few coins in exchange for daily trade

An0nyMoose

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But they didn't even ban bitcoin. They just released a statement.

AiwonOleh

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Well, such news is now very much and they do not frighten me because I think they will not be able to control everything, so I will keep my coins and wait for growth

efey39

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crypto currencies are experiencing such a situation for the first time. investors are afraid and quickly withdraw their investment. they accept low fiashed sales

ransow72

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what will you do ? hold or sell ?
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Now right time to buy Btc and altcoins.Now don't sell hold your coins. In few months cryptomarket will grow it's reach in old place.Then you make good profits.

pat231

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Cryptocurrency works well but on demand and supply. A lot of people have dropped hands because of a little little decrease in price. Thus its effects show prices going red.

LazyBitInvestor

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Your professional profile on the blockchain

Quote from: BlockEye on February 02, 2018, 01:46:32 AM

You will never suffer a real loss unless you sold your BTC.

Nice said, sir

People! Do you Remember the fall of all crypto market when "China banned ICOs" (September 2017). And what we see now?

All these news about prohibition crypto is used by whales, who manipulate the whole market.

coolcharacter

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Best to keep holding despite all of this FUD. The whole point of crypto is decentalisation and no matter what these govts throw at it, in the long run it will prevail.

bunsd

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Quote from: jawatulen on February 02, 2018, 01:41:37 AM

https://www.bloomberg.com/news/articles/2018-02-01/india-to-curb-cryptocurrency-use-while-embracing-blockchain
“The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system,” Finance Minister Arun Jaitley told

what will you do ? hold or sell ?

Bitcoin is circulated around the world. Although the behavior of some countries and regions may affect the short-term price of bitcoin, in the long run, bitcoin has steadily risen

cheezcarls

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Looking for gigs

I love seeing the reds right now (it's my favorite color), and I'm expecting that it will close to almost $8,000 by the end of tonight. However, we do have two sides. There's a part of me who is worried about the dip, but there's another part of me who is strong and decides to hold on no matter what.

I think we are seeing this as a healthy correction and it's a positive for me. I have no problem with the dip as long I am just diversifying my options to sustain myself like doing some freelance gigs, airdrops and bounties too.

For you guys not to panic, just stop looking at your Blockfolio or CoinMarketCap every minute, hour or so. Just take a break for now so that you have a refreshed mind instead of getting worried with the reds.

DmitriySar

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I will hold. I have the opportunity to wait until I need it. If India forbade any action with a cryptocurrency would be a collapse. They prohibit settlement in the cryptocurrency.

Andrey123

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Just now they buy bitcoin those who only learned about it.
Therefore, the price fell.
I see no reason to panic.
The Nakamoto group has not yet implemented its main move, and for this the price should be much higher Wink

jakiro.hovard

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I think of course this is also part of why now there is quite a serious correction, but the main factors still probably is that people with large wallets came into our world and are trying to manipulate it

leea-1334

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Temporary forum vacation

Quote from: BlockEye on February 02, 2018, 01:46:32 AM

Quote from: jawatulen on February 02, 2018, 01:41:37 AM

https://www.bloomberg.com/news/articles/2018-02-01/india-to-curb-cryptocurrency-use-while-embracing-blockchain
“The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system,” Finance Minister Arun Jaitley told

what will you do ? hold or sell ?

How do you know that it was the main reason tho? BTC is already on downtrend before that news spread. Besides that, It will be so absurd to sell now your BTC while you are in loss. You will never suffer a real loss unless you sold your BTC. BTC will regain again it's price within this year and will set new ATH. Price dump always happened during the first quarter of the year while ETH pump during this period. This happened yearly so this is just a normal occurrence on crypto, Price will be back to normal soon.

Exactly. Even when people put out big news supposedly from Japan or South Korea or China, it does not really affect the price, because the trends already happen based on the rumors. If the news further confirms rumors, then sure, the pressure continues but nothing makes the market crash or boom in terms of news. This is just normal for Bitcoin, and therefore normal for crypto.

Holders are looking at potential losses, like you said. And they are naive if they think markets keep going up without first going down.

grever

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Quote from: jawatulen on February 02, 2018, 01:41:37 AM

https://www.bloomberg.com/news/articles/2018-02-01/india-to-curb-cryptocurrency-use-while-embracing-blockchain
“The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system,” Finance Minister Arun Jaitley told

what will you do ? hold or sell ?

Haha this is yust a 1% of the reason

bhubur22122017

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do not respond in haste ,,,
observe the progress of the news then you can take steps to sell or hold the assets you have, lest you take the wrong steps that will harm your own.
Hopefully there is a best solution in order to benefit both

Carmen01

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Streamity Decentralized cryptocurrency exchange

Always think crypto run for almost 9 years or more so the news you read is normal here and if they see what the negative or they say negative in crypto i think better for them to leave and don't think that they will affect the positive that can crypto brings,i think if you don't have business here then leave or you don't earn here just leave that is easy no need for negative like them.

Topic: this is why cryptocurrency price become red for now (Read 480 times)