Market Drops following news from India and negative media reception.
1:09 Market continues to slide
4:32 India does not consider cryptocurrencies as legal tender
7:38 Binance fully blocks Chinese IPs
8:36 Should we care about the market bull?
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good blog box
Considering what Modi's government did in 2016 when they abruptly removed the ₹500 and ₹1,000 banknotes, which caused chaos across the country, I would not be surprised at all to see a similar approach taken by the Modi government when it comes to crypto.
yeah... they are going "Digital" money + "State-crypto" money by force. Whether people like it or not.... What a typical behaviour of Government :/
I do not agree with opinion, but I see it as negative news for all, but there are people who scare everyone and after the strong fall of the market comes the entry of whales of the market to re-raise prices and win and thus continue the film
Very good and essential news.
To those who are still positive about cryptocurrency, this could be the best time to buy and hold. While for those who are not really into it, time to abandon and look for opportunities elsewhere...
The speculative money left cryptos, and the whole noise went with that type of money.
What we see now, are the real prices, not pumped, not raised by whales or any other speculative way.
So "cowboys are gone", time to invest for longer term once again.
This was a good correction.... not for Bitcoin, but for most other good projects.
Think about this as: Juanuary SALE, when after December all went on SALE 50% :)
Nace!
You are right, we have a bearish behaviour througout the last weeks. And a lot of people I know are really concerned. Also the fact that btc price action has fallen under 10,000 USD, has caused a lot of FUD.
You are right, it is really hard to evaluate the value of cryptocurrencies and to peg a price onto it. However, this is also a cause of concern of those having bought cryptos at a time of probably inflated prices...
Thanks for pinpointing the source of the FUD to the Tether reports, to negative media coverage especially in India and to current actions from Binance.
It is encouraging to hear that there are still a lot of people being motivated to work for the advancement of cryptocurrencies at the devcon!
I live in China, I don't use binance, but I have problems accessing Bittrex without a VPN. I'm not Chinese and I legally (as well as illegally) use a VPN in China.
I'm also wondering why no one is hyping up "LINE" getting involved in crypto, to me this is huge.
Personally I agree with you hard to know when the dip will end and when to buy, I generally agree with your opinions based on the dips.
I'm concerned its still dipping, what I'd like to hear from @boxmining you is what do you think of this flippening concept everyone is talking about? I haven't heard any credible sources talk about Ethereum taking over as #1 as BTC continues to fall but personal circles I'm involved in are all saying Ethereum is going to take over. In my opinion if it does it can only be a short term thing (whatever short term means) There's no with an unlimited supply of ether it can stay number 1 and continue to grow the way it is... or can it? what do you think? Or anyone else who has an opinion on this?
I think Ether might take the lead in volume for a while..how long is anybodies guess, but there are BCs like EOS and others that can perform the same functions, only faster, that are heading into the market.
Which one of these will be the most popular remains to be seen!
Looking for deals. Buying them dips.
What really baffles me is who is selling right now? Is it early investors up 5x still or people that jumped in in November and who are now afraid?
Also what bad news did we get? We got a couple of fake news that got debunked literally 1hour later but still we are having these massiv drops without any recovery. I know the market is not logical, but I am deeply confused.
I think it is weak hands and those who are shorting.
I have learned that most people only read headlines and have little critical thinking skills. Use this to your advantage. :)
Happy trading.
Are there ways to short bitcoin directly? I was under the impression that the only mechanism for shorting was through futures contracts
Bitcoin weekly chart: https://steemit.com/cryptocurrency/@tradingroom/btc-usd-a-nice-pullback-to-support
Buy!!!! Buy!!! Buy!!!!
Will Bitcoin go back to the price I bought $3600?
Bagus saya suka
I think we're somewhere between fear and panic...
I think we're going to go lower. Sitting on the sidelines with my wallet ready
Thanks for always being succinct and relevant in your crypto reporting. So many go off on tangents that kind of waste time.
As in upside markets, there is no fighting the trend. However, being in for the long-term presents opportunity like today. Definitely think the overall breath is downward but may be good time to dollar cost in certain names. I think the bigger more established names will rebound as adoption spreads and regulation gets clarified.
Bitcoin price has decreased.now its a great opportunity to buy and hold it for long-term to gain more profit.
It will bounce back stronger now. Great video @boxmining
Thank you for the video, big fan. I do agree that India FUD will end soon
A smart person would buy when the market is filled will blood. Buy when it is on sale, like you do with clothes.
I snagged my first whole Litecoin thanks to this dip and if the trend continues I'll be getting a Bitcoin for the same price! ADA looks amazing too!
ANON LOVE TO UPVOTING SUCH VALUABLE CONTENT!!!!
THX MICHAEL