The Crypto Markets are a Blood Bath ATM. A lot of FUD Happening.
Currently, the crypto markets are taking a bit of a hit today. If you check Coinmarketcap, you'll see everything in red.
Apparently, there is a lot of FUD going on from some news sites. Particularly CNBC seems to be spreading a LOT of FUD today. The biggest FUD seems to be about South Korea getting ready to ban crypto-currency trading.
More FUD from Warren Buffet.
The North American Bitcoin Conference is no longer accepting Bitcoin as payments.
The reports on the South Korean ban seem to be false according to Ran Neuner a CNBC host and founder of Onchain Capital.
This all just seems the big financial influencers such as Buffet and J.P. Morgan are just spreading FUD to drive the price down to get in at a better price.
Don't Panic! BUY THE DIP!!!
Great post and I agree a ban is not on the cards. Governments want 3 things (which should be obvious).
Death and taxes my friend, death and taxes. Cryptos will be allowed to thrive BUT the governments will make sure they are getting their "cut" along the way.
Crypto can't be stopped. But yes I would agree, governments want their cut. The great thing is the more they are trying to make things difficult, the more it shows the value of crypto. If crypto was going to fail, they wouldn't be trying to go after it like this.
I think you are quite right, this is a move by international financiers to get in on the market at the lowest price possible, of course it could also be that the market is crashing because it was just a bubble, but somehow I think the first option is closer to the truth.
Yeah, I don't believe this "crypto bubble". The economics of blockchain prevent such an event from happening IMO. The only thing that will make the bubble a reality is if crypto users give up using it and allow scammy crypto businesses to succeed.
Bubbles only pop when it becomes either saturated or useless wity not enough substance to back all the hype. So absolutely not, this is not a possible reason. We already have real use cases of the blockchain; an example here is "steemit".....plus the many others..
Have you ever noticed that the Bitcoin network is congested and as result no one wants to move Bitcoins around. To send $500, it costs more than $100 in fees. Bitcoin has been struggling since. The authorities are Smart, they know when to act to make things look worst than it really is.
Everything is on sale. Wallstreet probably forcing prices down so they can buy cheap when they get their bonuses on the 15th.
I wouldn't doubt that. It's a good strategy.
I like when prices drop. That's when I buy. All the bandwagon jumpers who got recently and are panic selling make me giggle. Stick it out in two weeks it will be another boom.
I agree, it's not the first time we get this. I wouldn't panic.
Bitcoin as of last year which was just $800 turned $16000 in a blow.. Bitcoin is the bomb. Nice Poet there @bitcoinparadise
reminds me of the china bad..and "fud"
Steem is on sale!!
hahahaha!
Good summary, CNBC should be sued for that fake news!
i think it is an informative post..i am glad to know about this news..
i praise your post...