The truth is that the good effects are far more than the bad effects. The bad effect is that it would affect some few levels of jobs, and basically those in the production level who are simply more like manual laborers and not those with the real profession.
Well, life is bound to evolve, so they just have to learn how to evolve with it and get to doing new things to earn a living. In the good sense of it, at least, things will get cheaper as production cost gets cheaper. Maybe time to go into farming for some people.

Lol, that is because if everyone should have the knowledge that some of these rich people have, there may not be a chance to see paupers they can send on an errand anymore. That aside, a lot of people like being spoon fed. Tertiary institutions and what we studied are just some platform to guide us in what we wish to do and be able to do it well.

In real life, there are something’s we just need to know as adults and find a way to be able to get those skills for our own good. Financial education is very paramount in our society, unfortunately, a whole lot of people are so ignorant they need it, let alone want to learn it.

Not the first time we are going to be getting bad news like this. What ends up happening afterwards ?
Take a look at all the incidents that have happened in the past, they are usually alike with this one. Now, is the time to just load up because this is one we may not even see again ?

We are getting close to the despondency stage and I would not even wait for it as this stage is just perfect. Red marks do not last for long, watch out for greens in coming weeks.

You think this decline started happening two days ago ?
You need to take a look at the 1 day chart and start counting the candles from when it started showing red, may be you will understand that this started a long time ago.

Just like the OP said, it is always a gradual process, they are whales, they know what they are doing, they come together and then play with emotions of traders to make a pretty good gain from it. Unfortunately, we have a lot of weak hands and traders in crypto, so that makes it even better for them.

Bittrex will not ban you unless you go against any of their rule, which one of them recently states, participating in any pump and dump will get you banned and you also have to go through with KYC to be able to get your account opened and running. Binance on the other hand is still pretty new and doing great, but that does not mean that policies can change overnight. I use these three exchanges though as I prefer to just spread my funds, rather than leaving them in just one exchange.

Few months ago when some people joined the crypto world, they ended up making a big mistake of cutting loss after a huge dump and a pretty crazy bloodbath during August before the Fork. Over time, the market bounced back and they regretted it.

For example, I bought Dogecoin at 36sats, it came as low as 14sats. I was part of them, sold for loss and hated the altcoin market only to see Dogecoin ended up reaching as high as 110sats in December. DO the mathematics! Never panic sell. If you have more funds, buy at the dips and swim in profit when the market recovers.

The fluctuations of bitcoin or any other crypto currency will not affect our lives moving toward a cashless society. I mean this society will find an appropriate solution for their convinces if cashless society will be proving good comfort and easy transactions then one day or other majority of people will be using it. Now a days, we can see even illiterate people also using bank cards whereas it was not possible in some decades ago.

Fluctuations of cryptocurrency is working in a way like all the people will be adopting it and we may see traditional transaction methods may become obsolete. We cannot which is going to stay and which is not but the fittest one will stay with us and bitcoin is seeming as a fittest one so far.  

Nothing new in my view because if you are ready to face the risks against day trading then you can do at any time even we have not bought at higher prices and not facing any potential losses too. But honestly, I am not suggesting anyone to go for day trading as it is a highly risky one rather than simply buying and holding enjoy the maximum benefits of bitcoin trading.

Moreover, simply holding among any corrections/ crash down will ensure you will be having some share which will be giving you profits when market will be recovering. If you have some extra capital then you can buy at dips to get better buying rates. If you do not have extra capital then you can simply watch market and with respect to bitcoin you will be in safe hands always so bitcoin prices will surpass your buying prices to get you profits for sure.

All the investments programs are not only meant for wealthy people as even the people will not risk all their money in one single time. So we cannot climb wealthy people are getting wealthier due to investment oppertunities.

We need to note here ICOs are also providing opportunity to earn their tokens/coins for free of cost by participating in their different campaigns. We do not need to spend any money to contribute in their ICO in this way. So, how we can call it only wealthy people are getting wealthier. In my opinion it is completely meaningless as I am in real life experiencing this because I'm hating investing into new projects but I love social media campaigns.

Okay! Let's see where that whatever it takes end up leading them. Sure, they are so scared about the fact that people will see their crazy tax for what it is and will see cryptocurrency as a way of screwing them back the same way they have been stealing from us over the years from paying taxes and not seeing anything to show for it while some thieves keep living large. It is painful we have to convert to fiat now to be able to make use of our digital currencies, but on a normal day, to heck with them and their tax.

Lol. There we go. Bitcoin is having a huge correction and voila! Someone decided to pick up the pessimistic attitude of bitcoin not having a future, and then when the bull run starts, stories will change. You think the alts will be the savior. Mind you mate, not all alts will end up doing well, as a whole lot of them will end up dying anyway, so you better be careful the one you choose, and try also not to be picking those who are already at the top.

Always a good time to purchase and no time better. The little swings will always still be there, no doubt, so we may still see some testing of the previous resistance anyway and for anyone who wants to take all those little bit of profits, that is there call. For now, I really see this as a moment to keep buying if you have the funds, buy more when it goes lower, and once a clear bull run starts, get in if you still have extra.

It was that optimism that kept the old early adopters kicking it good and holding till date.
I never looked at it in that direction OP just did and for those noobs who have been crying wolf; this should possibly help them to have a reason not to panic.

It is always good to look at the long term than now, so that is what it is. After this correction, as I would not want to assume it to be a crash, but let's say what if it ended up a crash, then, the post-effect is one to expect. That huge percentage though? Hmm. I guess we have to just keep watching.

We have had people like him who have never believed in a huge rise anyway right from when bitcoin was even $2. Last year was a sign and no one could have thought we will actually reach the ATH we reached even though we all knew at some point that was not really a good one and market obviously needed this correction. For now, we may just have to see how things end up happening, but the possibilities of high percentage are something we still cannot rule out.

So what are we all going to do? It’s not our fault that we invest in wrong ICOs that turns out to be scam at the end, and you can never tell which is scam, you can’t tell cause it’s hard to do that. You can’t label every new ICO a scam just because most of them turns out to be scam at the end.

Even these old ICOs with reputation today, they were once on the list of new and untrusted ICOs, but still made it to the list of the best. Maybe the best solution to this is just for us all to be investing little money in ICOs and not invest too much. That’s what I have to say and I will say it again– INVEST WHAT YOU CAN AFFORD TO LOSE !!!.

So sad, I have always had same thoughts on suicide, thinking I should kill myself, but at the same time feeling afraid of dying. Bitcoin really helped me, I had a lot of problems, I wasn’t able to feed myself or do anything. I wasn’t able to achieve a single thing just because I had no money, and nobody wanted to be my friend. I was being neglected by everyone, and I felt like no one needed me anymore in this world, I felt like I’m supposed to end my life… then I discovered bitcoin. I tried my first year, but through out my first year on Bitcoin I earned nothing. I wanted to give up, but there was no other option to choose, so I had to continue with it. Luckily for me, now things are changing, I’ve been able to achieve a little with Bitcoin and thanks for how far I’ve been able to go.

Whether we will be accepting or not, bitcoin will not bother any government and definitely it will bounce back from any deep downfall. So, we never need to worry about the capability of bitcoins to rise from ashes. In the past bitcoin has done this so many times so I believe this bitcoin community will understand the fact about government's stand and will ignore those negative news.

At the same time we cannot do anything about bitcoin prices to fluctuate time to time because this is the way it must have to work so that it will be giving another opportunity those who are all looking for entering into bitcoin for comparatively cheaper price also it could be another simple test for our faith on bitcoin systems.

At bottom line, we cannot do anything about market sentiment. It will react to news and it will consolidate after times and it will repeat. If we notice in long-term, we are all in good progress.

The simple yet effective way of spreading bitcoin for me must be simply talking to friends and known people. I always talk about my bitcoin saving and how much returns as I'm gaining with my savings. People are always curious about how much profit I am making and they also want to copy that which is most of the time leads to adopting bitcoins.

I do not enforce anyone to adopt bitcoin at the same time I'm not explaining more till they get convinced. I just show what I'm doing with bitcoin and how it is helping building my savings along with providing opportunity of investments. The prime key of my promoting bitcoin is, showing real time proof. People are capable of finding bitcoin prices by Google and they are usually verifying what I am showing them.

I do spend some 5 to 10 hours per week for promoting bitcoin with my neighborhoods and with my colleagues. Just talking with them in a friendly way is helping me what I am actually aiming for.

Is that links to any article published by CBI about their action on bitcoin or it is just CBI's site ? India exchanges are operating with all required licenses and norms, you should not spread FUDs like this. Governments may take action against your transaction of bitcoins for fiats but definitely not for your bitcoin savings. You can transact with your local people always without any need of worrying about legal issues.

Bitcoin will not die due to government regulations. Because a decentralized system will not get any significant impact due to one or few government's regulations. Technology will find its own path to evaluate.

Diversifying is always good but for the case of bitcoin and eth, equal percentage is not at all recommended. Because, fundamentally both are not competing each other. We can expect eth to crash down at any time as it is not having any business significance expect providing room for scammy ICOs. So, hoarding eth may lead to disasters at any time soon.

At the same time, investing into bitcoin may secure our future. We can see bitcoin prices to hit sky in coming years like million dollars also possible within next two years.

This is the first time that I am hearing about such a coin. You have missed out to mention why that coin will change our life by what effective differences it may bring to blockchain. If you have not any answer then probably you are just talking about what you are wearing in your signatures. That is not good for this community.

I guess other than bitcoin, nothing else can change ourselves. ETH is just proving platform for scammy ICOs and other than that I am not seeing any big purposes for ETH. Bitcoin is the first revolution so we can believe into it for a greater change in our lives.