Why this sharp drop in currencies ? | Bitcointalksearch.org

gabmen

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Quote from: btcrut2017 on January 24, 2018, 03:13:24 AM

Quote from: samsolocrypto on January 17, 2018, 09:26:22 AM

I know this very well Grin

This is the opportunity to buy Wink

Yes, this is the opportunity to buy while the value is not that high. Volatility always creates opportunity. This drop in cryptocurrencies is normal because many governments threatens to ban trading sites and it creates fear to some.

Don't panic and seize the opportunity while you have the chance.

You probably entered btc at a later time. If you've been here long enough, you'd know that btc is still way above its price a couple of months ago. People it seems, got too carried away when btc hit 20k usd that's why expectations are really high, so is the disappointment

timerland

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Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

There are two things that have contributed to this price drop. One is that periodically bitcoin has pretty big corrections, usually 30-50% before bouncing back up and a new bull season emerges. This time is no different. But that's not the only reason, it is also because of new laws.

Recently, Indonesia has basically said that it does not support bitcoin, and China has increasingly shown hostility towards bitcoin users, especially miners. These have all influenced the price movements a lot, meaning that people are dumping the coin like crazy right now.

But the good news is, the floor is $10k and it's rock solid. We've tested it 3 times already, and every time it reached $10k it has bounced back up.

btcrut2017

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Quote from: samsolocrypto on January 17, 2018, 09:26:22 AM

I know this very well Grin

This is the opportunity to buy Wink

Yes, this is the opportunity to buy while the value is not that high. Volatility always creates opportunity. This drop in cryptocurrencies is normal because many governments threatens to ban trading sites and it creates fear to some.

Don't panic and seize the opportunity while you have the chance.

palle11

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What is simply going on in the market is just uncertainty especially with bitcoin, that then is giving altcoin some panic. Off course we should expect this dull moment for cryptos because bitcoin is the supreme.

Also, it should be expected after the whole bullish run withnessed from bitcoin. The shielding will continue until the fears go off.

lablab03

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Quote from: samsolocrypto on January 17, 2018, 09:18:17 AM

Did you mean that the end of BTC is comming Huh

stop asking about the end of bitcoin cause its impossible to happen even before when bitcoin price fall into 6k there was no end how much more now cause as we see the price is not totally down and the price still expensive so there's no end as long many people using and holding bitcoin that ending will never exist.

crisanto01

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Quote from: AjithBtc on January 22, 2018, 06:27:31 PM

Quote from: Diced90 on January 22, 2018, 05:37:10 PM

Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

All the above could contribute towards the decline of the value of our coins but as for this new year 2018 i think laws(regulations) are whats putting stress on the market but once this gets out of the way we should be going to the moon.

Yes, the new laws and the banning from countries that were flourishing good on the cryptocurrency usage is the major reason for the ongoing price dump. Periodically the price gets retained making people understand the real scenario and believe in the price recovery and mark new ath.

Even if there are lot of countries that doesn't ban bitcoin still they have a big impact about the dumping of the price, we are all investors of it and we are contributing for the price of bitcoin and sad to say that one of the reason for the sharp dump of it was the creation of panic for all investors, whenever they are seeing bitcoin price slowly dumping they are beginning to worry about what they have and selling some of it or worst all of their coins.

AjithBtc

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Quote from: Diced90 on January 22, 2018, 05:37:10 PM

Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

All the above could contribute towards the decline of the value of our coins but as for this new year 2018 i think laws(regulations) are whats putting stress on the market but once this gets out of the way we should be going to the moon.

Yes, the new laws and the banning from countries that were flourishing good on the cryptocurrency usage is the major reason for the ongoing price dump. Periodically the price gets retained making people understand the real scenario and believe in the price recovery and mark new ath.

Diced90

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Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

All the above could contribute towards the decline of the value of our coins but as for this new year 2018 i think laws(regulations) are whats putting stress on the market but once this gets out of the way we should be going to the moon.

juicyjanet88

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Quote from: DPoS2 on January 22, 2018, 05:23:14 PM

Quote from: Denker on January 22, 2018, 11:34:42 AM

More correction likely.
Expect at least a double bottom.
So 9k is in reach again.
If we can't hold this level, we will go down to 8k.
I would like to see the price to move up. But reality is we are still in the correction and as long we don't see any significant buying pressure pushing us up, I remain bearish.

bitcoin likes to drop down about 1/4 from peak so we probably will see $5k again but $8k seems healthier unless huge push comes and then moons are back in sight

Don't think we will see 9k again, 8k at worst seems about right, it seems to be a testing of the bottom again, let's not forget that last time we reached around 9k with a lot worse news and FUD. I think the bottom this time will actually be higher, around the 10k level we are at about now.

DPoS2

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Quote from: Denker on January 22, 2018, 11:34:42 AM

More correction likely.
Expect at least a double bottom.
So 9k is in reach again.
If we can't hold this level, we will go down to 8k.
I would like to see the price to move up. But reality is we are still in the correction and as long we don't see any significant buying pressure pushing us up, I remain bearish.

bitcoin likes to drop down about 1/4 from peak so we probably will see $5k again but $8k seems healthier unless huge push comes and then moons are back in sight

burner2014

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Quote from: Denker on January 22, 2018, 11:34:42 AM

More correction likely.
Expect at least a double bottom.
So 9k is in reach again.
If we can't hold this level, we will go down to 8k.
I would like to see the price to move up. But reality is we are still in the correction and as long we don't see any significant buying pressure pushing us up, I remain bearish.

We are bound to this drop as it was expected to drop in the price due to the fact that we are affected with their decision in blocking the crypto currencies in accessing to their local and offshore which has a material impact for us.
Although, this month was something big and we have encountered a big correction that would be just a temporary although hard to see that it would rise to $20k this month.

Denker

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More correction likely.
Expect at least a double bottom.
So 9k is in reach again.
If we can't hold this level, we will go down to 8k.
I would like to see the price to move up. But reality is we are still in the correction and as long we don't see any significant buying pressure pushing us up, I remain bearish.

Metherry

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bitcoin need big correction after very big rising price.
Correction is your way to make profits, but in the opposite direction. Just as profits are made when the price rises to $ 15,000, you will make profits if the price drops to $ 7,000.

market growth and being one of the biggest markets in one year only.
crypo market need more correction and more correction.

Thus, the story will continue until we reach a certain level of stability, which will happen when the market capacities rise to a high extent.

adam1230

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as usual drop begins with altcoins than it continues with major ones. price drop started with small capped coins and not touching to ethereum much.
this is going to ethereum leadership in crypto coins. if ethereum continue to rise then king is going to change.

malikusama

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Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

The uncertainty of bitcoin price is the major reason behind all this, the whales are in power for creating dips and yes due to a huge downfall of bitcoin alts also have survive certain dips.
Neither a bad nor good news, the market is still unpredictable because the huge investment is diversified, no new laws just a different approach of traders in the market with variety of coins.

rommelo24

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Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

It is just simply because the supply is high and demand is low. Out of fear of cryptocurrency exchanges sites ban of some countries many sold their bitcoin.

Mark Promo

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Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

The usual speculation of investors who decided to make money on the fall of the exchange rate. We will see more than one such fall, followed by a slow rise upwards.

Kaller

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Quote from: The Scorpion on January 21, 2018, 03:59:58 AM

New laws? No, as far as i know, it all was fake FUD coming from Korea + China saying that they were going to regulate bitcoin and crypto mining, but it all was fake, so nothing happened.

A lot of people tried to dump the price, and it happened, and the price is slowly recovering right now.

Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

They have regulated mining in China. It was not all FUD.

RogetBaxX

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Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

Indeed it was obvious that at the beginning of the year this will happen. But I think in a week everything will improve, and many have now invested and that now sit down to panic and think about what to do. In general, while you forget about the crypt.

The Scorpion

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New laws? No, as far as i know, it all was fake FUD coming from Korea + China saying that they were going to regulate bitcoin and crypto mining, but it all was fake, so nothing happened.

A lot of people tried to dump the price, and it happened, and the price is slowly recovering right now.

Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

Kaller

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Quote from: South Park on January 18, 2018, 01:46:33 PM

Quote from: samsolocrypto on January 17, 2018, 09:18:17 AM

Did you mean that the end of BTC is comming Huh

Do not panic sell that is the worst thing you can do I understand that you are nervous since you are new here, but I suggest that before you take any action that you study bitcoin and its price movements not only of this last week but its entire history and when you see things in that perspective the current lost of value is nothing.

And now bitcoin is rising again. Some people panic sold at $9000 and lost a lot.

Zuilhsa

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The current drop can be due to the ban of bitcoin by south Korean government. People become panic and have started selling. Also another thing the functionality of bitcoin is limited due to huge fees and slow verification times, this makes less trust in bitcoin among the people. If the problem be solved and if transactions are made faster and easier then bitcoin value tend to increase.

South Park

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Quote from: samsolocrypto on January 17, 2018, 09:18:17 AM

Did you mean that the end of BTC is comming Huh

Do not panic sell that is the worst thing you can do I understand that you are nervous since you are new here, but I suggest that before you take any action that you study bitcoin and its price movements not only of this last week but its entire history and when you see things in that perspective the current lost of value is nothing.

Fazlurkhan.kz

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All those news about the new laws was not the reason for the sharp dump of the cryptocurrencies. It was for the sole purpose for creating panic in those who are new to the market as traders. All to do right now is wait for the market to get normal again which might take some time but hold and if you haven't invested yet then this will be a good time to do so and earn a bit more by holding these cryptos for long.
Don't panic or worry, Drops like these are a normal thing in the trading market. Just wait for it to get back to normal!

BUK2016

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Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

Op, there was no new laws what so ever, but what led to the current decline of the market value of bitcoin and altcoins is as a result of bad news emanating from North Korea on the ban of big crypto currency exchange company and as such panic sell by those who could not allowed or bear the massive lost was another factor though at the moment, the market is returning back gradually.

Kaller

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This happens every january. There is a drop and everybody starts panic selling.

TERA2

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Deb Rah Von Doom

It didnt really go down. It just took a breather from going up. You have to realize it had just gone up 2000% in a year and 10,000% in 2 years.

Mankey001

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Quote from: marc_a on January 17, 2018, 01:20:55 PM

ITs a good correction. Just if you got into cryptocurrecies the last 6 months. I can understand that you worry alot.
I see it as having sale :0 everything 30% off

Yeah, its a good correction. It is now time for the new investors to come in because as we can see the price had gone big enough and when it returns to green there is no stopping.

marc_a

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ITs a good correction. Just if you got into cryptocurrecies the last 6 months. I can understand that you worry alot.
I see it as having sale :0 everything 30% off

friends1980

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Quote from: Hoho29 on January 17, 2018, 01:17:06 PM

Do convert to USD when you feel bad news coming to bitcoin try to keep all in USD to buy again at blood markets . i learnt this lesson today with loosing almost 5000 USD .

You can convert temporarily to USDT. I can think of a lot of reasons not to convert to USD.

friends1980

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Quote from: crazyivan on January 17, 2018, 09:22:46 AM

Quote from: KarlSchwarzschild on January 17, 2018, 09:20:04 AM

Play the long game. It will bounce back. Like it always does.

+1

Only fools sell now.

Dont be a fool.

Uh. Exactly. Don't know at what point you bought, but my netto results are still in bold green and if you really feel to urge to do something: buy.

mahibul49

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no need to be worry!king will go back again soon

just hold

Hoho29

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Do convert to USD when you feel bad news coming to bitcoin try to keep all in USD to buy again at blood markets . i learnt this lesson today with loosing almost 5000 USD .

Janine012

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Just hold your coins and take this opportunity to buy. Hold for long term😊.

Lawrenzoo

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Wall street are finally having their ways. I knew this would happen the moment they enter the market. Dont worry, dont chicken out, that is what they want so the market can really drop for their own favour.

samsolocrypto

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I think the famous currencies are the ones that have affected the market
With some decisions in some countries
It is not the end of BTC and will become stronger than the first
Because it is against centralism
A lot around the world hates the word [central money]

It's a free campaign FOR ALL CRYPTO

OMGyasuo

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Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

I think this drop has nothing to do with promulgating the rules of the nations. I think this is the effect of "sharks", perhaps they have been accomplice with each other and cause a bad market at this time to make a huge profit for themselves.

Sunnyyy

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I think bitcoins are down because of the effects of some countries that have banned bitcoins. People are selling bitcoins because they are afraid

RodeoX

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The revolution will be monetized!

I like it. Cheesy

looking forward to about $6K then perhaps a long slow climb.

tam31

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Quote from: crazyivan on January 17, 2018, 09:22:46 AM

Quote from: KarlSchwarzschild on January 17, 2018, 09:20:04 AM

Play the long game. It will bounce back. Like it always does.

+1

Only fools sell now.

Dont be a fool.

This is exactly what my friends told me on my chat group. I know that it will recover soon from the price drop, but the newbies will get scared and will sell their coins.

Price drops are very normal this is also normal, because sometimes they spread fuds and people will believe them. In a long term you will make money if you are saving of course.

Igor Kapy

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According to Bloomberg, the drop in the bitcoin rate is due to the fact that the Chinese authorities reported blocking platforms for trade in crypto currency. Sources of the publication report that China intends to block access to local and offshore platforms that allow for centralized trade.

In addition, the news from South Korea is fueling the situation. There they started talking again about the prohibition of trade in crypto currency.

There is also an opinion that the collapse is associated with a sharp increase in the rate for most crypto currency in a short period of time with a very small number of corrections.

But my opinion is that rich uncles will make a month's collapse and will be lured out of the simpletons, and panicked by their darling BTC.

BrewMaster

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There is trouble abrewing

- the price had gone up too fast and too big. it was corrected but many big players weren't satisfied with it. hence all the bubble FUD.
- there was another couple of news about some countries including China (surprise surprise) banning bitcoin
- there is the issue with high fees.

and finally it is be cause we are in January!

https://bitcointalksearch.org/topic/january-bitcoin-2767038

bigbosma

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Apparently you are still quite new in this field

Falling and rising are absolutely normal things for bitcoin, because of this you earn money.

jackchun

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i will not choose to sell all cryptocurrency coins right now, and even you sell now, you face a huge loss of transaction fee and may delay very long time due to bitcoin traffic congestion.
So keep working and earn them, and holding your owned bitcoin. No buy and no sell. Just keep earning your bitcoin and other well known cryptocurrency

nicko122

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Everything comes from the panic of investors, after North Korea's ban, many panics rose, and the rate fell down.

Xie89

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Quote from: bitfools on January 17, 2018, 09:03:00 AM

Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

It was always KNOWN

Dec 20, goldman sachs created 'bitcoin futures' that let whales go short so they could sell huge block and buy insurance to cover the btc price collapse

It was estimated 2-4 weeks the price would start to erode, to zero

The big houses like GS work for the rich, the little people are called muppets, and they always screw the muppet to death.

The other thing is that nobody can hide the problems anymore ETH & BTC suck dick when it comes to all their promises, there are a lot of good alt's out there, so its not the end of the world.

BTC had a good run, and all things come to an end.

I think you're full of crock. Yes this is the whales playing with futures. Zero? Impossible.

mk4

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Quote from: bitfools on January 17, 2018, 09:03:00 AM

Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

It was always KNOWN

Dec 20, goldman sachs created 'bitcoin futures' that let whales go short so they could sell huge block and buy insurance to cover the btc price collapse

It was estimated 2-4 weeks the price would start to erode, to zero

The big houses like GS work for the rich, the little people are called muppets, and they always screw the muppet to death.

The other thing is that nobody can hide the problems anymore ETH & BTC suck dick when it comes to all their promises, there are a lot of good alt's out there, so its not the end of the world.

BTC had a good run, and all things come to an end.

Quite huge claims there, as if you're 100% about the things you're saying.

BTC and ETH are still one of the best in terms of security and stability. There are good alts, yea. But what does most shilled alts do? Send transactions fast. That's it. There's no need to talk about security and decentralization, huh? I swear you're probably one of the RaiBlocks shillers on Reddit.

And no, bitcoin isn't coming to an end. Another BS claim.

samsolocrypto

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I know this very well Grin

This is the opportunity to buy Wink

Kaccy1

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I think all these falls are caused by this serious fight by govt on crypto currencies,i sincerely pray they lift the hands from our resources because crypto currencies has saved so many souls from vices and so on,I believe i am saying most people’s mind.

The_Selected_Few

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The trend of the last few years match what is happening right now...the value increased both years....don't sell as you are allowing the price to lower further.

crazyivan

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Quote from: KarlSchwarzschild on January 17, 2018, 09:20:04 AM

Play the long game. It will bounce back. Like it always does.

+1

Only fools sell now.

Dont be a fool.

Mankey001

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Quote from: bitfools on January 17, 2018, 09:03:00 AM

Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

It was always KNOWN

Dec 20, goldman sachs created 'bitcoin futures' that let whales go short so they could sell huge block and buy insurance to cover the btc price collapse

It was estimated 2-4 weeks the price would start to erode, to zero

The big houses like GS work for the rich, the little people are called muppets, and they always screw the muppet to death.

The other thing is that nobody can hide the problems anymore ETH & BTC suck dick when it comes to all their promises, there are a lot of good alt's out there, so its not the end of the world.

BTC had a good run, and all things come to an end.

You seem very sure of your statement. Then how come all the alts are following with bitcoins movement. As you can see in the market right now. All of the coins have dipped 10%.

nheychan

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yeah,does this mean it's going to end soon? I should've worked for this a long time ago had I known this will happen. very sad.

KarlSchwarzschild

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Play the long game. It will bounce back. Like it always does.

samsolocrypto

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Did you mean that the end of BTC is comming Huh

bitfools

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Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

It was always KNOWN

Dec 20, goldman sachs created 'bitcoin futures' that let whales go short so they could sell huge block and buy insurance to cover the btc price collapse

It was estimated 2-4 weeks the price would start to erode, to zero

The big houses like GS work for the rich, the little people are called muppets, and they always screw the muppet to death.

The other thing is that nobody can hide the problems anymore ETH & BTC suck dick when it comes to all their promises, there are a lot of good alt's out there, so its not the end of the world.

BTC had a good run, and all things come to an end.

samsolocrypto

newbie

Activity: 14

Merit: 0

Bad news??? The market is emerging??? New laws Huh

Or what?

Topic: Why this sharp drop in currencies ? (Read 618 times)