Bitcoin Forum

Cryptocurrency markets have been bearish for sometime now. In the last few days, there has been couple of news that has given cryptocurrency enthusiasts some thing to cheer about. These may or may not directly influence the markets positively but will go a long way in giving cryptocurrency investors some hope.

(1) Yesterday the Venezuelan President, Nicholas Maduro announced the country's backed cryptocurrency "petro" launch. He said that the token pre-sale will take place this month of February 2018.
https://www.coindesk.com/venezuelas-president-announces-petro-token-pre-sale/

(2) South Korea Finance Minister Kim Dong-yeon has reaffirmed that the government will not ban or otherwise “suppress” cryptocurrency in the country.
https://cointelegraph.com/news/south-korea-finance-minister-confirms-no-ban-on-cryptocurrency

(3) South Korean tech giant Samsung has announced that it’s developing hardware specially designed for cryptocurrency mining. The move is aimed at boosting the firm’s profits.
https://www.theverge.com/2018/1/31/16954366/bitcoin-cryptocurrency-mining-asic-chips-samsung

Can these news spur the cryptocurrecy market back to green zone?

All of them cant stop the inevitable and that is the prevailing of the crypto market. Even if the cryptos won't replace the FIAT authorities from the different countries had tried to suppress an influence of the crypto-coin to their countries.

People are searching for the safe haven in the crypto exchanges. This new means to earn significant profit had shaded the opportunities that the government had put. This final attempt to bury the crypto market has also failed and with that happening governments will try to adapt to these new changes.

The cryptocurrency will only advance in the next years and there won't be any significant falls anymore. This is the best time to invest into some popular cryptos because in a couple of months the amount of money you will have to invest would have to be higher if you are searching for the profit gain.

But there is a bad new for the cryotocurrency world, recently the financial minister of India stated that bitcoin was nit a legal tender in India so they might ban it soon or gonna implement heavy taxes on them that might be the current downfall in bitcoin price.

That is really a bad news. I know that india has a special and prominent role in the success of bitcoin so far. For such news to emerge from India, i guess that is why the markets are bearish and reddish. I just hope just like South Korea, that there will be a counter news to that effect from Indian government.

Baseless argument India doesn’t take any stance against bitcoin from beginning India saying bitcoin not legal tender same thing repeated today . More over India wants to adopt blockchain cochair technology for betterment of countries IT infrastructure.

You are very positive about this but I dont necessarily agree. While IMO we are going to see more growth in the upcoming months and year(s) we will also see more and more talks about regulation, FUD etc. Besides it cant advance the way you described, a market always needs a correction before it can move on to more and better things IMO.

What legitimacy does Venezuela have to influence Crypto-Currency positively somehow? And "president" Nicolas Maduro? Come one...

I believe in South Korea the popular pression worked to change government's mind about Crypto-Currency. Because the Prime Minister and Justie Minister told in a conference that "a ban on cryptocurrency exchange was in the works", then a petition started and collected more than 200.000 signatures considerably fast. A conscious people don't accept anything so easily... Anyway, the war isn't won yet, regulations are coming!

Let's see how this hardware development will affect Crypto's market...

Great to hear there are good news coming out. Hopefully, crypto currencies will recover.

So many good news and the bitcoin price still falling...  ??? i don't understand this. but i have no worries. i wait for the bottom and buy more.

Actually the last bitcoin price increasing trend wondered all the fiat currency market and they are now thinking how to control the bitcoin price and how we will survive so daily you listen and watch some bad news(actually good for bitcoin) as after some big country rules and regulation for crypto currencies bitcoin will start grow in new power so wait for some time and hold.

I would also like to add that the Philippine government is also taking a positive step toward cryptocurrency

https://www.reuters.com/article/us-philippines-cryptocurrency/philippines-to-develop-rules-on-cryptocurrency-trading-idUSKBN1FI0NK

Big businessmen are also into it, getting involved in some ICOs and such. Possibly, in the near future cryptocurrency will be legalized and regulated in the Philippines.

now good news cant effort bitcoin downtrend market is in negative mood so it will take time

To be honest I feel happy to hear this good news, but it is clear if there is news that may not be true, do not be trusted immediately. The important thing to keep trying and believe with what we do now will produce results later.

Central bankers and finance ministers around the from almost the world will discuss new rule for cryptocurrency. At this weak G20 summit in Buenos Aires. 

The Best News is that the G20 will not impose international bitcoin regulations

These are good indicators of Bitcoin's getting good. If these continues, then I relive Bitcoin will get back to its price, high price. I hope more and more countries will accept bitcoin and integrate this in there economic plans.

Obviously this is the good news for every bitcoiner if this news is true because every bitcoiner is holding their bitcoin and waiting for the valuation of BTC to pump again, so finally the wait is over and those who kept patience will now get profit but if the news is correct because the valuation is still constant at low rates but if the valuation is increasing then it is very good news but if is not, then also need not to worry because it will definitely inflate.

So why is the market dumping  ??? Though I have little money invested in coins, I am a little bit happy regarding these dumps, those new people should learn what a crazy and painful market it is.

well, so many good news, but the price of cryptocurrency is still down. I think there's some panic going on. well, we just hope that bitcoin prices will soon rise again. even in the current preev bitcoin price below $ 8000.

I hope that the news can affect the crypto market so that it can boost the bitcoin price increase in the near future as I'm sure all users and traders are already bored with the current market situation which is dominated by decreasing every time.

People who are bored with current market situation should just sell their coins and go away for ever. Last year we have seen a massive growth in price, and that was all good, but when the market falls back down because the previous levels were not sustainable, people get bored? Invest in stocks to see for yourself how boring things can really be. If you're lucky, you may end up gaining 1.85% after a whole year of waiting. Good luck with that. You know why I like this current downtrend? It makes weak hands and other shittles feel bad and hopefully dump their coins, so we can move up again. For now, it seems that there is no sign for the market to go up again, so keep selling guys! You can always buy back at +$10,000 levels. :D