Topic: Why market is down and What to Expect - page 2. (Read 293 times)
Yes, the market for now is not playing and maybe it's hard for people to trust their money in cryptocurrency invest but still i do believe that once some countries will adapt cryptocurrency and introduce it to their people i think this will be speed recovery of crypto market.
Nobody seems to be talking about it but the price of cryptocurrencies has been taking a beating this past week. If you're new to cryptocurrency and you haven't developed the discipline to hold on to your coins during times like this, it could be a very scary time specially if you have invested your money as I did.
I am, of course, speaking from my own experience. It's only my third month on steemit. I've only bought SBD two months ago but I've seen the price of steem double and then drop down below the amount I purchased them within that short time span.
So I did what any newbie coin holder does during drops in prices. I read everything I can about the topic. This is what I've learned so far . . .
Every Existing CryptoCurrency is Still Coupled with BitCoin
This simply means that all other existing coins are tied to the price of Bitcoin. If Bitcoin drops, all other coins drop. If bitcoin gains, all other coins gain as well.
Allegedly, Bitcoins extraordinary price surge last December was fueled by price manipulation centered around Bitfinex and Tether. If the price of Bitcoin was artificially inflated, it would naturally correct and lose value taking along all other coins with it in the plunge.
https://cointelegraph.com/news/research-tether-bitfinex-manipulation-reason-behind-2017-bitcoin-price-highs
https://cointelegraph.com/news/bitcoins-falling-price-nothing-more-than-perception-or-is-there-manipulation
Ideally, each coin must be evaluated by its own merits. That's still not happening but should in the future. It's called 'decoupling' and should benefit the entire crypto industry as we won't all be dependent on the price of Bitcoin.
Security Issues
Blockchain tech is highly secure. The security problems often exploited by hackers are in the exhanges.
One reason often cited as a contributor to the falling prices of cryptocurrency is the hacking of CoinRail, a relatively small coin exchange in South Korea. However, some say that it couldn't have been the cause of the continuing fall of crypto prices.
Regardless, it's clear that some exchanges are not taking security as seriously as they should. This issue has been happening again and again.
I will not go into how to secure your account, your wallets, and your coins. That is your responsibility and if you haven't taken steps to secure your assets, stop reading this and go secure your coins first.
Government Regulation
The SEC now considers ICO's an unregulated securities market. And the governments seem to have a good reason to regulated ICO's and cryptocurrencies in general. The general public is not protected from fraud.
If you ask me, anyone trying out cryptos should do their homework first. But, government protection should help.
Still, government regulation seems to be a turn-off for a lot of investors. And thus, it's a contributing factor to the falling crypto prices.
The Sky Isn't Falling
The crypto market has seen its ups and downs for several years now. We know that you can lose money if your timing isn't right. Overall, the crypto world isn't doing so bad.
As for me, I will continue doing what I'm doing, accumulating as much SP as I can no matter what the USD value is. I know it won't keep falling forever. It might take months to go up again but I don't care. I'll just keep doing what I've been doing.
I am, of course, speaking from my own experience. It's only my third month on steemit. I've only bought SBD two months ago but I've seen the price of steem double and then drop down below the amount I purchased them within that short time span.
So I did what any newbie coin holder does during drops in prices. I read everything I can about the topic. This is what I've learned so far . . .
Every Existing CryptoCurrency is Still Coupled with BitCoin
This simply means that all other existing coins are tied to the price of Bitcoin. If Bitcoin drops, all other coins drop. If bitcoin gains, all other coins gain as well.
Allegedly, Bitcoins extraordinary price surge last December was fueled by price manipulation centered around Bitfinex and Tether. If the price of Bitcoin was artificially inflated, it would naturally correct and lose value taking along all other coins with it in the plunge.
https://cointelegraph.com/news/research-tether-bitfinex-manipulation-reason-behind-2017-bitcoin-price-highs
https://cointelegraph.com/news/bitcoins-falling-price-nothing-more-than-perception-or-is-there-manipulation
Ideally, each coin must be evaluated by its own merits. That's still not happening but should in the future. It's called 'decoupling' and should benefit the entire crypto industry as we won't all be dependent on the price of Bitcoin.
Security Issues
Blockchain tech is highly secure. The security problems often exploited by hackers are in the exhanges.
One reason often cited as a contributor to the falling prices of cryptocurrency is the hacking of CoinRail, a relatively small coin exchange in South Korea. However, some say that it couldn't have been the cause of the continuing fall of crypto prices.
Regardless, it's clear that some exchanges are not taking security as seriously as they should. This issue has been happening again and again.
I will not go into how to secure your account, your wallets, and your coins. That is your responsibility and if you haven't taken steps to secure your assets, stop reading this and go secure your coins first.
Government Regulation
The SEC now considers ICO's an unregulated securities market. And the governments seem to have a good reason to regulated ICO's and cryptocurrencies in general. The general public is not protected from fraud.
If you ask me, anyone trying out cryptos should do their homework first. But, government protection should help.
Still, government regulation seems to be a turn-off for a lot of investors. And thus, it's a contributing factor to the falling crypto prices.
The Sky Isn't Falling
The crypto market has seen its ups and downs for several years now. We know that you can lose money if your timing isn't right. Overall, the crypto world isn't doing so bad.
As for me, I will continue doing what I'm doing, accumulating as much SP as I can no matter what the USD value is. I know it won't keep falling forever. It might take months to go up again but I don't care. I'll just keep doing what I've been doing.
"...government protection should help"
You lost me bud.
Seriously.
This is demonstrating you still don't have a clue what bitcoin is.
If you want the government to be involved, go back to paypal.
This is a free market. If you invest in horrible ICOs without doing due diligence, I'm actually probably going to chuckle about you losing your money later. Because you really don't respect it enough to have it in the first place.
We don't need governments to think for us. And to require businesses to comply with their standards.
Blockchain technology is cryptography. And not much more.
But it allows us the freedom to create a whole new world in our little sphere of complex, chained math equations.
That isn't the domain of the government.
The problem will fix itself.
The ignorant will lose their money, and then the problem will be over, because they won't have money to invest poorly anymore.
Regulation can't fix stupid.
Honestly, I agree with you to a point. I do agree crypto should remain how it is, with the people in control of it. However, I also believe that for crypto to actually take off, you need adoption. In it's current state there are very few massive companies that actually want to get involved in crypto, just due to the bad image it has in media, etc. Crypto can't be something that only 'geeks', 'nerds', or 'your weird neighbour' participates in, for crypto to really take off, it has to be something that your 'grandma', your 'teacher', your 'sexy blonde neighbor' uses.
For crypto to be adopted by the masses, unfortunately, you need regulation on some of it. It's nice to think that hey, the entire world is smart enough to understand crypto and all the benefits that it can yield. But unfortunately a good portion of these people need big daddy to hold their hand and tell them it's okay.
It's not worth it for a company to have a major partnership with crypto right now, it could be a huge problem if their partnered crypto ends up being hacked, hijacked, FUD into oblivion. They need reassurance that the government will at least try to help protect them.
It's nice to see people keeping a stiff upper lip. I myself am trying to hodl on tight but it's getting pretty hard. Honestly at this point I'm not sure what has a stronger pull on price: Technical Analysis (which is overwhelmingly negative) or shady market manipulation tactics (the Bart patterns we've been seeing as of late). Let's just hope 6k holds.
There are multiple factors that affects the price and I believe that the current price level is a result of correction phase that took place in the first quarter of this year. However, I am optimistic about the growth of crypto industry and I believe that we will see a positive momentum in the price in second half of this year. I am bullish in short as we all super long term about Bitcoin.
Nobody seems to be talking about it but the price of cryptocurrencies has been taking a beating this past week.
that is ALL everyone is talking about these days 
Quote
If you're new to cryptocurrency and you haven't developed the discipline to hold on to your coins during times like this, it could be a very scary time specially if you have invested your money as I did.
actually only if you are a newbie you hold on to your coins when prices are dropping this hard.otherwise an experienced trader that has been around for a while knows that this is what happens to this market nearly every year. bitcoin rises, altcoins get pumped, bitcoin comes down altcoins get dumped then bitcoin recovers and altcoins die and are replaced by new set of shitcoins to be pumped in their place.
Quote
If bitcoin gains, all other coins gain as well.
that is not always true though. when bitcoin is in bull mode there is a lot of money coming in the market which may or may not go into altcoins to pump them also. some get pumped and some don't and those pumped coins will get dumped eventually. Quote
Allegedly, Bitcoins extraordinary price surge last December was fueled by price manipulation centered around Bitfinex and Tether.
there is always a certain amount of manipulation in any market, bitcoin also has it. but to say Bitfinex with less than 10% of the total trading volume manipulated the price is just not correct.people are too caught up in the Mt Gox fiasco that they forget Mt Gox was controlling the whole market because it was controlling more than 85% of the volume and the rest of the exchanges were too small to do anything.
Quote
Ideally, each coin must be evaluated by its own merits. That's still not happening but should in the future. It's called 'decoupling' and should benefit the entire crypto industry as we won't all be dependent on the price of Bitcoin.
hopefully that will happen the day altcoins become decent projects worthy of the name: crypto currency. right now they are called pump and dump. so that is what they do.Quote
One reason often cited as a contributor to the falling prices of cryptocurrency is the hacking of CoinRail,
i personally disagree with this. CoinRail was too small to affect anything let alone its hack be of any importance not to mention that the hacker mainly stole altcoins not bitcoin!Nobody seems to be talking about it but the price of cryptocurrencies has been taking a beating this past week. If you're new to cryptocurrency and you haven't developed the discipline to hold on to your coins during times like this, it could be a very scary time specially if you have invested your money as I did.
I am, of course, speaking from my own experience. It's only my third month on steemit. I've only bought SBD two months ago but I've seen the price of steem double and then drop down below the amount I purchased them within that short time span.
So I did what any newbie coin holder does during drops in prices. I read everything I can about the topic. This is what I've learned so far . . .
Every Existing CryptoCurrency is Still Coupled with BitCoin
This simply means that all other existing coins are tied to the price of Bitcoin. If Bitcoin drops, all other coins drop. If bitcoin gains, all other coins gain as well.
Allegedly, Bitcoins extraordinary price surge last December was fueled by price manipulation centered around Bitfinex and Tether. If the price of Bitcoin was artificially inflated, it would naturally correct and lose value taking along all other coins with it in the plunge.
https://cointelegraph.com/news/research-tether-bitfinex-manipulation-reason-behind-2017-bitcoin-price-highs
https://cointelegraph.com/news/bitcoins-falling-price-nothing-more-than-perception-or-is-there-manipulation
Ideally, each coin must be evaluated by its own merits. That's still not happening but should in the future. It's called 'decoupling' and should benefit the entire crypto industry as we won't all be dependent on the price of Bitcoin.
This is just an additional input, Market is Volatile, no one knows what will happened next, beside on the what has been posted on this treed which is most like a well research statement about Bitcoin, and a lot more information mentioned. Yes, it is true one should do once home work about Bitcoin. But if we are not so objective about what we read on the post or we did not have the comparison/ evaluation before we make our move, whether Buying or Selling we might have a wrong timing for such decision. I am optimistic that crytpo currency digital transaction (BITCOIN) will be here and to the future market trading.
Security Issues
Blockchain tech is highly secure. The security problems often exploited by hackers are in the exhanges.
One reason often cited as a contributor to the falling prices of cryptocurrency is the hacking of CoinRail, a relatively small coin exchange in South Korea. However, some say that it couldn't have been the cause of the continuing fall of crypto prices.
Regardless, it's clear that some exchanges are not taking security as seriously as they should. This issue has been happening again and again.
I will not go into how to secure your account, your wallets, and your coins. That is your responsibility and if you haven't taken steps to secure your assets, stop reading this and go secure your coins first.
Government Regulation
The SEC now considers ICO's an unregulated securities market. And the governments seem to have a good reason to regulated ICO's and cryptocurrencies in general. The general public is not protected from fraud.
If you ask me, anyone trying out cryptos should do their homework first. But, government protection should help.
Still, government regulation seems to be a turn-off for a lot of investors. And thus, it's a contributing factor to the falling crypto prices.
The Sky Isn't Falling
The crypto market has seen its ups and downs for several years now. We know that you can lose money if your timing isn't right. Overall, the crypto world isn't doing so bad.
As for me, I will continue doing what I'm doing, accumulating as much SP as I can no matter what the USD value is. I know it won't keep falling forever. It might take months to go up again but I don't care. I'll just keep doing what I've been doing.
I am, of course, speaking from my own experience. It's only my third month on steemit. I've only bought SBD two months ago but I've seen the price of steem double and then drop down below the amount I purchased them within that short time span.
So I did what any newbie coin holder does during drops in prices. I read everything I can about the topic. This is what I've learned so far . . .
Every Existing CryptoCurrency is Still Coupled with BitCoin
This simply means that all other existing coins are tied to the price of Bitcoin. If Bitcoin drops, all other coins drop. If bitcoin gains, all other coins gain as well.
Allegedly, Bitcoins extraordinary price surge last December was fueled by price manipulation centered around Bitfinex and Tether. If the price of Bitcoin was artificially inflated, it would naturally correct and lose value taking along all other coins with it in the plunge.
https://cointelegraph.com/news/research-tether-bitfinex-manipulation-reason-behind-2017-bitcoin-price-highs
https://cointelegraph.com/news/bitcoins-falling-price-nothing-more-than-perception-or-is-there-manipulation
Ideally, each coin must be evaluated by its own merits. That's still not happening but should in the future. It's called 'decoupling' and should benefit the entire crypto industry as we won't all be dependent on the price of Bitcoin.
This is just an additional input, Market is Volatile, no one knows what will happened next, beside on the what has been posted on this treed which is most like a well research statement about Bitcoin, and a lot more information mentioned. Yes, it is true one should do once home work about Bitcoin. But if we are not so objective about what we read on the post or we did not have the comparison/ evaluation before we make our move, whether Buying or Selling we might have a wrong timing for such decision. I am optimistic that crytpo currency digital transaction (BITCOIN) will be here and to the future market trading.
Security Issues
Blockchain tech is highly secure. The security problems often exploited by hackers are in the exhanges.
One reason often cited as a contributor to the falling prices of cryptocurrency is the hacking of CoinRail, a relatively small coin exchange in South Korea. However, some say that it couldn't have been the cause of the continuing fall of crypto prices.
Regardless, it's clear that some exchanges are not taking security as seriously as they should. This issue has been happening again and again.
I will not go into how to secure your account, your wallets, and your coins. That is your responsibility and if you haven't taken steps to secure your assets, stop reading this and go secure your coins first.
Government Regulation
The SEC now considers ICO's an unregulated securities market. And the governments seem to have a good reason to regulated ICO's and cryptocurrencies in general. The general public is not protected from fraud.
If you ask me, anyone trying out cryptos should do their homework first. But, government protection should help.
Still, government regulation seems to be a turn-off for a lot of investors. And thus, it's a contributing factor to the falling crypto prices.
The Sky Isn't Falling
The crypto market has seen its ups and downs for several years now. We know that you can lose money if your timing isn't right. Overall, the crypto world isn't doing so bad.
As for me, I will continue doing what I'm doing, accumulating as much SP as I can no matter what the USD value is. I know it won't keep falling forever. It might take months to go up again but I don't care. I'll just keep doing what I've been doing.
"...government protection should help"
You lost me bud.
Seriously.
This is demonstrating you still don't have a clue what bitcoin is.
If you want the government to be involved, go back to paypal.
This is a free market. If you invest in horrible ICOs without doing due diligence, I'm actually probably going to chuckle about you losing your money later. Because you really don't respect it enough to have it in the first place.
We don't need governments to think for us. And to require businesses to comply with their standards.
Blockchain technology is cryptography. And not much more.
But it allows us the freedom to create a whole new world in our little sphere of complex, chained math equations.
That isn't the domain of the government.
The problem will fix itself.
The ignorant will lose their money, and then the problem will be over, because they won't have money to invest poorly anymore.
Regulation can't fix stupid.
Nobody seems to be talking about it but the price of cryptocurrencies has been taking a beating this past week. If you're new to cryptocurrency and you haven't developed the discipline to hold on to your coins during times like this, it could be a very scary time specially if you have invested your money as I did.
I am, of course, speaking from my own experience. It's only my third month on steemit. I've only bought SBD two months ago but I've seen the price of steem double and then drop down below the amount I purchased them within that short time span.
So I did what any newbie coin holder does during drops in prices. I read everything I can about the topic. This is what I've learned so far . . .
Every Existing CryptoCurrency is Still Coupled with BitCoin
This simply means that all other existing coins are tied to the price of Bitcoin. If Bitcoin drops, all other coins drop. If bitcoin gains, all other coins gain as well.
Allegedly, Bitcoins extraordinary price surge last December was fueled by price manipulation centered around Bitfinex and Tether. If the price of Bitcoin was artificially inflated, it would naturally correct and lose value taking along all other coins with it in the plunge.
https://cointelegraph.com/news/research-tether-bitfinex-manipulation-reason-behind-2017-bitcoin-price-highs
https://cointelegraph.com/news/bitcoins-falling-price-nothing-more-than-perception-or-is-there-manipulation
Ideally, each coin must be evaluated by its own merits. That's still not happening but should in the future. It's called 'decoupling' and should benefit the entire crypto industry as we won't all be dependent on the price of Bitcoin.
Security Issues
Blockchain tech is highly secure. The security problems often exploited by hackers are in the exhanges.
One reason often cited as a contributor to the falling prices of cryptocurrency is the hacking of CoinRail, a relatively small coin exchange in South Korea. However, some say that it couldn't have been the cause of the continuing fall of crypto prices.
Regardless, it's clear that some exchanges are not taking security as seriously as they should. This issue has been happening again and again.
I will not go into how to secure your account, your wallets, and your coins. That is your responsibility and if you haven't taken steps to secure your assets, stop reading this and go secure your coins first.
Government Regulation
The SEC now considers ICO's an unregulated securities market. And the governments seem to have a good reason to regulated ICO's and cryptocurrencies in general. The general public is not protected from fraud.
If you ask me, anyone trying out cryptos should do their homework first. But, government protection should help.
Still, government regulation seems to be a turn-off for a lot of investors. And thus, it's a contributing factor to the falling crypto prices.
The Sky Isn't Falling
The crypto market has seen its ups and downs for several years now. We know that you can lose money if your timing isn't right. Overall, the crypto world isn't doing so bad.
As for me, I will continue doing what I'm doing, accumulating as much SP as I can no matter what the USD value is. I know it won't keep falling forever. It might take months to go up again but I don't care. I'll just keep doing what I've been doing.
I am, of course, speaking from my own experience. It's only my third month on steemit. I've only bought SBD two months ago but I've seen the price of steem double and then drop down below the amount I purchased them within that short time span.
So I did what any newbie coin holder does during drops in prices. I read everything I can about the topic. This is what I've learned so far . . .
Every Existing CryptoCurrency is Still Coupled with BitCoin
This simply means that all other existing coins are tied to the price of Bitcoin. If Bitcoin drops, all other coins drop. If bitcoin gains, all other coins gain as well.
Allegedly, Bitcoins extraordinary price surge last December was fueled by price manipulation centered around Bitfinex and Tether. If the price of Bitcoin was artificially inflated, it would naturally correct and lose value taking along all other coins with it in the plunge.
https://cointelegraph.com/news/research-tether-bitfinex-manipulation-reason-behind-2017-bitcoin-price-highs
https://cointelegraph.com/news/bitcoins-falling-price-nothing-more-than-perception-or-is-there-manipulation
Ideally, each coin must be evaluated by its own merits. That's still not happening but should in the future. It's called 'decoupling' and should benefit the entire crypto industry as we won't all be dependent on the price of Bitcoin.
Security Issues
Blockchain tech is highly secure. The security problems often exploited by hackers are in the exhanges.
One reason often cited as a contributor to the falling prices of cryptocurrency is the hacking of CoinRail, a relatively small coin exchange in South Korea. However, some say that it couldn't have been the cause of the continuing fall of crypto prices.
Regardless, it's clear that some exchanges are not taking security as seriously as they should. This issue has been happening again and again.
I will not go into how to secure your account, your wallets, and your coins. That is your responsibility and if you haven't taken steps to secure your assets, stop reading this and go secure your coins first.
Government Regulation
The SEC now considers ICO's an unregulated securities market. And the governments seem to have a good reason to regulated ICO's and cryptocurrencies in general. The general public is not protected from fraud.
If you ask me, anyone trying out cryptos should do their homework first. But, government protection should help.
Still, government regulation seems to be a turn-off for a lot of investors. And thus, it's a contributing factor to the falling crypto prices.
The Sky Isn't Falling
The crypto market has seen its ups and downs for several years now. We know that you can lose money if your timing isn't right. Overall, the crypto world isn't doing so bad.
As for me, I will continue doing what I'm doing, accumulating as much SP as I can no matter what the USD value is. I know it won't keep falling forever. It might take months to go up again but I don't care. I'll just keep doing what I've been doing.
"...government protection should help"
You lost me bud.
Seriously.
This is demonstrating you still don't have a clue what bitcoin is.
If you want the government to be involved, go back to paypal.
This is a free market. If you invest in horrible ICOs without doing due diligence, I'm actually probably going to chuckle about you losing your money later. Because you really don't respect it enough to have it in the first place.
We don't need governments to think for us. And to require businesses to comply with their standards.
Blockchain technology is cryptography. And not much more.
But it allows us the freedom to create a whole new world in our little sphere of complex, chained math equations.
That isn't the domain of the government.
The problem will fix itself.
The ignorant will lose their money, and then the problem will be over, because they won't have money to invest poorly anymore.
Regulation can't fix stupid.
Nobody seems to be talking about it here on steemit but the price of cryptocurrencies has been taking a beating this past week. If you're new to cryptocurrency and you haven't developed the discipline to hold on to your coins during times like this, it could be a very scary time specially if you have invested your money as I did.
I am, of course, speaking from my own experience. It's only my third month on steemit. I've only bought SBD two months ago but I've seen the price of steem double and then drop down below the amount I purchased them within that short time span.
So I did what any newbie coin holder does during drops in prices. I read everything I can about the topic. This is what I've learned so far . . .
Every Existing CryptoCurrency is Still Coupled with BitCoin
This simply means that all other existing coins are tied to the price of Bitcoin. If Bitcoin drops, all other coins drop. If bitcoin gains, all other coins gain as well.
Allegedly, Bitcoins extraordinary price surge last December was fueled by price manipulation centered around Bitfinex and Tether. If the price of Bitcoin was artificially inflated, it would naturally correct and lose value taking along all other coins with it in the plunge.
https://cointelegraph.com/news/research-tether-bitfinex-manipulation-reason-behind-2017-bitcoin-price-highs
https://cointelegraph.com/news/bitcoins-falling-price-nothing-more-than-perception-or-is-there-manipulation
Ideally, each coin must be evaluated by its own merits. That's still not happening but should in the future. It's called 'decoupling' and should benefit the entire crypto industry as we won't all be dependent on the price of Bitcoin.
Security Issues
Blockchain tech is highly secure. The security problems often exploited by hackers are in the exhanges.
One reason often cited as a contributor to the falling prices of cryptocurrency is the hacking of CoinRail, a relatively small coin exchange in South Korea. However, some say that it couldn't have been the cause of the continuing fall of crypto prices.
Regardless, it's clear that some exchanges are not taking security as seriously as they should. This issue has been happening again and again.
I will not go into how to secure your account, your wallets, and your coins. That is your responsibility and if you haven't taken steps to secure your assets, stop reading this and go secure your coins first.
Government Regulation
The SEC now considers ICO's an unregulated securities market. And the governments seem to have a good reason to regulated ICO's and cryptocurrencies in general. The general public is not protected from fraud.
If you ask me, anyone trying out cryptos should do their homework first. But, government protection should help.
Still, government regulation seems to be a turn-off for a lot of investors. And thus, it's a contributing factor to the falling crypto prices.
The Sky Isn't Falling
The crypto market has seen its ups and downs for several years now. We know that you can lose money if your timing isn't right. Overall, the crypto world isn't doing so bad.
As for me, I will continue doing what I'm doing, accumulating as much SP as I can no matter what the USD value is. I know it won't keep falling forever. It might take months to go up again but I don't care. I'll just keep doing what I've been doing.
I am, of course, speaking from my own experience. It's only my third month on steemit. I've only bought SBD two months ago but I've seen the price of steem double and then drop down below the amount I purchased them within that short time span.
So I did what any newbie coin holder does during drops in prices. I read everything I can about the topic. This is what I've learned so far . . .
Every Existing CryptoCurrency is Still Coupled with BitCoin
This simply means that all other existing coins are tied to the price of Bitcoin. If Bitcoin drops, all other coins drop. If bitcoin gains, all other coins gain as well.
Allegedly, Bitcoins extraordinary price surge last December was fueled by price manipulation centered around Bitfinex and Tether. If the price of Bitcoin was artificially inflated, it would naturally correct and lose value taking along all other coins with it in the plunge.
https://cointelegraph.com/news/research-tether-bitfinex-manipulation-reason-behind-2017-bitcoin-price-highs
https://cointelegraph.com/news/bitcoins-falling-price-nothing-more-than-perception-or-is-there-manipulation
Ideally, each coin must be evaluated by its own merits. That's still not happening but should in the future. It's called 'decoupling' and should benefit the entire crypto industry as we won't all be dependent on the price of Bitcoin.
Security Issues
Blockchain tech is highly secure. The security problems often exploited by hackers are in the exhanges.
One reason often cited as a contributor to the falling prices of cryptocurrency is the hacking of CoinRail, a relatively small coin exchange in South Korea. However, some say that it couldn't have been the cause of the continuing fall of crypto prices.
Regardless, it's clear that some exchanges are not taking security as seriously as they should. This issue has been happening again and again.
I will not go into how to secure your account, your wallets, and your coins. That is your responsibility and if you haven't taken steps to secure your assets, stop reading this and go secure your coins first.
Government Regulation
The SEC now considers ICO's an unregulated securities market. And the governments seem to have a good reason to regulated ICO's and cryptocurrencies in general. The general public is not protected from fraud.
If you ask me, anyone trying out cryptos should do their homework first. But, government protection should help.
Still, government regulation seems to be a turn-off for a lot of investors. And thus, it's a contributing factor to the falling crypto prices.
The Sky Isn't Falling
The crypto market has seen its ups and downs for several years now. We know that you can lose money if your timing isn't right. Overall, the crypto world isn't doing so bad.
As for me, I will continue doing what I'm doing, accumulating as much SP as I can no matter what the USD value is. I know it won't keep falling forever. It might take months to go up again but I don't care. I'll just keep doing what I've been doing.
Well, I think that the market is down because of what we think is the worlds’s way of telling us that bitcoin is unstable and it is suffering from setbacks such as this if we are not careful. I think that bitcoin is a pill that we swallow and think that it is a potion that can cure all of our ailments when in reality it just means that we are becoming more and more dependent on it without really studying what it is than what we experienced from the past
Nobody seems to be talking about it but the price of cryptocurrencies has been taking a beating this past week. If you're new to cryptocurrency and you haven't developed the discipline to hold on to your coins during times like this, it could be a very scary time specially if you have invested your money as I did.
I am, of course, speaking from my own experience. It's only my third month on steemit. I've only bought SBD two months ago but I've seen the price of steem double and then drop down below the amount I purchased them within that short time span.
So I did what any newbie coin holder does during drops in prices. I read everything I can about the topic. This is what I've learned so far . . .
Every Existing CryptoCurrency is Still Coupled with BitCoin
This simply means that all other existing coins are tied to the price of Bitcoin. If Bitcoin drops, all other coins drop. If bitcoin gains, all other coins gain as well.
Allegedly, Bitcoins extraordinary price surge last December was fueled by price manipulation centered around Bitfinex and Tether. If the price of Bitcoin was artificially inflated, it would naturally correct and lose value taking along all other coins with it in the plunge.
https://cointelegraph.com/news/research-tether-bitfinex-manipulation-reason-behind-2017-bitcoin-price-highs
https://cointelegraph.com/news/bitcoins-falling-price-nothing-more-than-perception-or-is-there-manipulation
Ideally, each coin must be evaluated by its own merits. That's still not happening but should in the future. It's called 'decoupling' and should benefit the entire crypto industry as we won't all be dependent on the price of Bitcoin.
Security Issues
Blockchain tech is highly secure. The security problems often exploited by hackers are in the exhanges.
One reason often cited as a contributor to the falling prices of cryptocurrency is the hacking of CoinRail, a relatively small coin exchange in South Korea. However, some say that it couldn't have been the cause of the continuing fall of crypto prices.
Regardless, it's clear that some exchanges are not taking security as seriously as they should. This issue has been happening again and again.
I will not go into how to secure your account, your wallets, and your coins. That is your responsibility and if you haven't taken steps to secure your assets, stop reading this and go secure your coins first.
Government Regulation
The SEC now considers ICO's an unregulated securities market. And the governments seem to have a good reason to regulated ICO's and cryptocurrencies in general. The general public is not protected from fraud.
If you ask me, anyone trying out cryptos should do their homework first. But, government protection should help.
Still, government regulation seems to be a turn-off for a lot of investors. And thus, it's a contributing factor to the falling crypto prices.
The Sky Isn't Falling
The crypto market has seen its ups and downs for several years now. We know that you can lose money if your timing isn't right. Overall, the crypto world isn't doing so bad.
As for me, I will continue doing what I'm doing, accumulating as much SP as I can no matter what the USD value is. I know it won't keep falling forever. It might take months to go up again but I don't care. I'll just keep doing what I've been doing.
I am, of course, speaking from my own experience. It's only my third month on steemit. I've only bought SBD two months ago but I've seen the price of steem double and then drop down below the amount I purchased them within that short time span.
So I did what any newbie coin holder does during drops in prices. I read everything I can about the topic. This is what I've learned so far . . .
Every Existing CryptoCurrency is Still Coupled with BitCoin
This simply means that all other existing coins are tied to the price of Bitcoin. If Bitcoin drops, all other coins drop. If bitcoin gains, all other coins gain as well.
Allegedly, Bitcoins extraordinary price surge last December was fueled by price manipulation centered around Bitfinex and Tether. If the price of Bitcoin was artificially inflated, it would naturally correct and lose value taking along all other coins with it in the plunge.
https://cointelegraph.com/news/research-tether-bitfinex-manipulation-reason-behind-2017-bitcoin-price-highs
https://cointelegraph.com/news/bitcoins-falling-price-nothing-more-than-perception-or-is-there-manipulation
Ideally, each coin must be evaluated by its own merits. That's still not happening but should in the future. It's called 'decoupling' and should benefit the entire crypto industry as we won't all be dependent on the price of Bitcoin.
Security Issues
Blockchain tech is highly secure. The security problems often exploited by hackers are in the exhanges.
One reason often cited as a contributor to the falling prices of cryptocurrency is the hacking of CoinRail, a relatively small coin exchange in South Korea. However, some say that it couldn't have been the cause of the continuing fall of crypto prices.
Regardless, it's clear that some exchanges are not taking security as seriously as they should. This issue has been happening again and again.
I will not go into how to secure your account, your wallets, and your coins. That is your responsibility and if you haven't taken steps to secure your assets, stop reading this and go secure your coins first.
Government Regulation
The SEC now considers ICO's an unregulated securities market. And the governments seem to have a good reason to regulated ICO's and cryptocurrencies in general. The general public is not protected from fraud.
If you ask me, anyone trying out cryptos should do their homework first. But, government protection should help.
Still, government regulation seems to be a turn-off for a lot of investors. And thus, it's a contributing factor to the falling crypto prices.
The Sky Isn't Falling
The crypto market has seen its ups and downs for several years now. We know that you can lose money if your timing isn't right. Overall, the crypto world isn't doing so bad.
As for me, I will continue doing what I'm doing, accumulating as much SP as I can no matter what the USD value is. I know it won't keep falling forever. It might take months to go up again but I don't care. I'll just keep doing what I've been doing.
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