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I see 3 reasons why there's a sudden fall of Bitcoin and Altcoins. One of them is the anticipation of SEC decision of ETFs or Exchange-Traded Fund. Another is the on-going Chinese Ghost month festival where Chinese investors do not make any business decision until from Augist 11 - September 9 in fear of bad luck and lastly they say there's a manipulation going on but very little proof to back up that claim.
You reveal some new interesting facts.I think not only in China but in many more countries people specially investors believe in good/bad luck.They choose certain periods to invest.I think the big investors who first opposed Bitcoin and crypto market now want to enter and for that they play manipulation games as they do in other financial markets. |
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Hi Friends,
What are the reason behind Bitcoin and whole crypto market fall.
Is this SCAMS or SPECULATIONS???
Few days back I read news about a big Bitcoin scam busted in Gujarat state of India.Its approximately $314B( INR 22000 Crore).
Also every day news came from different parts of world about same kind of scams.Are these scams also responsible for crypto market fall and halt growth of this new technology???
Why do you pay attention to bad news? Or why do you think it's bad news? Anti-advertising is also advertising. And the fact that stealing bitcoin or kryptonite, it suggests that bitcoin is very interesting to many people. I am discussing the possible outcomes and reasons why Reserve Bank of India banned cryptocurrency trading etc in India.Its not the case of stealing its case of fraud.There is difference between scam/fraud and stealing.Scams/frauds create negative views within mind of potential investors and they think many times before risking their money. Its human nature that we all at least pay attention to such news etc. |
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Hi Friends,
What are the reason behind Bitcoin and whole crypto market fall.
Is this SCAMS or SPECULATIONS???
Few days back I read news about a big Bitcoin scam busted in Gujarat state of India.Its approximately $314B( INR 22000 Crore).
Also every day news came from different parts of world about same kind of scams.Are these scams also responsible for crypto market fall and halt growth of this new technology???
Nobody is scam about this. Maybe this is a HALVING factor. Bitcoin does have its own season. And he doesn't keep going down. I predict the price will touch US $ 20,000 by 2020. (Just a guess) Bitcoin or its founders are not scammers but now some people around world making use of Bitcoin or many altcoins for scamming innocent people.They do it either through crowdfunding or mining of Bitcoin and many more Ponzi scheme.A person or investor who got scammed through it rarely think about reinvestment and when scams came into light many more who willing to enter this new market step back.This whole thing halt the progress of crypto market and new technology. |
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Hi Friends,
What are the reason behind Bitcoin and whole crypto market fall.
Is this SCAMS or SPECULATIONS???
Few days back I read news about a big Bitcoin scam busted in Gujarat state of India.Its approximately $314B( INR 22000 Crore).
Also every day news came from different parts of world about same kind of scams.Are these scams also responsible for crypto market fall and halt growth of this new technology???
What do you mean scam ? Do you mean after several years of cryptocurrency, bitcoin was a scam after all ? No, i think the answer is there are peoples who want to speculate with the price of crypto in the market. There must be many speculators going after crypto because they know cryptocurrency has great potential. No, I am not calling Bitcoin a scam but I am highlighting people doing scams using Bitcoin or other cryptocurrencies, organising ICO with an intension to scam people around world through crowdfunding, attracting investors to invest in Bitcoin and other mineable altcoins and then suddenly fled with investor's hard earned money. Neither I am calling Bitcoin a scam nor anyother legit altcoin scam. |
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You want the technicals, the fundamentals, or the conspiracies?
From the technical point we have reached the top at 20k and stopped there forming a double top, which should be a sell signal. A dcorection was long due, so we were supposed to go to at least half of the slope, which was 10k. There was a chance to defend it but we had some Korean exchanges hacked, Binance kicked out of Japan, bans in India, and so it went...
Fundamentals are calling for a bounce back with lightning network expanding, CBOE launching an ETF, and many other things, but the decision was postponed which caused the recent crash (IMO it was a completely dumb and emotional reaction from the market).
Conspiracies? Too many and too irrelevant to waste time explaining.
Is technical and fundamental analysis work at this stage of cryptocurrency market like it works in forex and stocks markets??? yes no need to explain conspiracies but how about scams??? Because of scams mostly investors changing their minds to enter crypto market now.Its only my opinion as I read all through news.Also scams through crypto are very easy due to lack of regulations. IMO fundamentals are the leading factor. You can see how important they are when they start overpowering the technicals. For instance, we had a huge bullish sign on August 27th with that dump attempt that was immediately bought by the bulls. Without any news the TA would clearly show that we're on a way up, but instead we went down with the news about ETF decision being postponed. This was a nice example of the fundamentals overpowering the technicals. What scams in particular? There were no huge Bitcoin scams for a while. There were some hacks, for instance that Korean exchange a couple months back, but those guys were as careless as you can be with multiple hoot wallets on auto withdrawal with no supervision. If you are smart you have 80-90% of your money on cold wallets, even if it makes people wait a bit longer. If you keep all your money on hot wallets you have to be a moron. Last thing, scams in the altcoin sphere don't affect BTC, it's the other way round. Thanks for an excellent explanation about indicators. I am talking about the scams going around like I mentioned one here about my country.I am giving here 2 examples. 1) One person Mr Amit Bhardwaj was in news with a Approx $28B scam.He first attracted investors to invest in his Bitcoin mining system when price of Bitcoin was $1000 or maybe less and he promised monthly return.He did it with properly register companies in his name and partner with some chines people.When price of Bitcoin rise above $15000, he fled with whole amount of Bitcoins and later arrested somewhere.Now he is saying that he is ready to repay investor's investment and not the profit.But investors are not ready for that.Case is pending now. From above case I just want to shed light on these kind of scams where some smart criminal or greedy kind of people fled with investors money.If they get arrested fine but this really impact the further growth of crypto market, because new investors or the old one avoid to invest again which means less liquidity and trust of market and last market turn slow or boring. 2) Second case I mentioned in my first post which is bigger than above one where a newcomer Bitconnect run with investment of billions of dollars from a single state of my country. Overall I think these kind of scams definitely discourage investors to enter in this crypto market. |
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You want the technicals, the fundamentals, or the conspiracies?
From the technical point we have reached the top at 20k and stopped there forming a double top, which should be a sell signal. A dcorection was long due, so we were supposed to go to at least half of the slope, which was 10k. There was a chance to defend it but we had some Korean exchanges hacked, Binance kicked out of Japan, bans in India, and so it went...
Fundamentals are calling for a bounce back with lightning network expanding, CBOE launching an ETF, and many other things, but the decision was postponed which caused the recent crash (IMO it was a completely dumb and emotional reaction from the market).
Conspiracies? Too many and too irrelevant to waste time explaining.
Is technical and fundamental analysis work at this stage of cryptocurrency market like it works in forex and stocks markets??? yes no need to explain conspiracies but how about scams??? Because of scams mostly investors changing their minds to enter crypto market now.Its only my opinion as I read all through news.Also scams through crypto are very easy due to lack of regulations. |
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Hi Friends,
What are the reason behind Bitcoin and whole crypto market fall.
Is this SCAMS or SPECULATIONS??? Neither scam nor speculation, I believe that after ETFs are approved (ever), Bitcoins will be dominating the whole market at an extremely out-of-reach level which none of the alts might be able to achieve. The reason for Bitcoins' fall was, Bitcoin grew so gradually last year (literally without any reason, but it was all the speed of patience that was held for years before that spike). Considering my analysis over Bitcoins, I can say that every time Bitcoin spiked, it used to come back down to levels that were at least 1/4 th or 1/5 th, I think Bitcoin has already reached its bottom this year and it should carry the rally from now on by taking over the markets with great events coming one by one. Few days back I read news about a big Bitcoin scam busted in Gujarat state of India.Its approximately $314B( INR 22000 Crore).
Also every day news came from different parts of world about same kind of scams.Are these scams also responsible for crypto market fall and halt growth of this new technology???
I believe this might be true in a case if those scammers were (ever) able to DUMP Bitcoins over markets. If things are busted, I believe that their effects would also get over sooner, because everything is clear and Bitcoins are (maybe) under the possession of authorities from that point of time because they might auction those coins or may never let us us, which may then be considered as burnt coins as they won't be coming to the markets as the country (India) is not in favor of crypto (not at least currently). Thanks for sharing your knowledge here.I am from India and I came across two scams through news published in renowned newspapers related to Bitcoin where investors put their money and some scammers because of greed fled from country with investors money and profit.These kind of scams force Reserve Bank of India to ban all financial institutions like banks to stop transactions related to cryptocurrencies.There were officially half million investors invested in Bitcoin and other cryptocurrencies according to taxation department of India.So a ban definitely shatter this market. Few days back as I mentioned above in Gujarat(India) a big scam by Bit Connect came in to light.Amount of money is big but only few people complaint about it because most of the money is black. Bitcoin or technology behind it is not responsible but the greedy people who want to run with hard earned money of investors responsible for unrest in crypto market. |
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Hi Friends,
What are the reason behind Bitcoin and whole crypto market fall.
Is this SCAMS or SPECULATIONS???
Few days back I read news about a big Bitcoin scam busted in Gujarat state of India.Its approximately $314B( INR 22000 Crore).
Also every day news came from different parts of world about same kind of scams.Are these scams also responsible for crypto market fall and halt growth of this new technology???
****Note(02/09/2018):- Hi Friends,
Thanks for the discussion.I just want to clear few points that I never call Bitcoin a scam.I am just highlighting a news published in a top most news paper of my country.Bitcoin is used to scam people by BitConnect.Latest update about this scam is much more money involved.
From that news following points came into light:
1) A big chunk of money disappear from market because scammer run with that money.
2) The investors who already invested never think or maybe hesitate to invest again.New investors if came across this news try to avoid this market.
3) Because of these kinds of scams RBI and Govt. of India try to restrict transactions related this market which intern affect this market.
I read same kind of scam cases came into light from different countries like Indonesia, Malaysia,Thailand, Japan, Canada UK etc....
I also read a news that many prominent crypto exchanges and crypto personalities joining hands to ride out these kind of scams.I hope they will succeed in their mission.
More over this post is not to panic any one but to discuss and spread awareness about this new market.
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PundiX management after voting changed its airdrop system and every one welcome this new system as price rise 35% in a single day.Hope Inn Shh Allah it will keep rising with new developments in this project.
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Its really hard to choose a real ICO and avoid scam but yes we need to search in best ways before making any investment decision.This article is beneficial and shed light on scams and best possible ways to understand ICO investment. |
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The Idiots that have manipulated the price have scared many people and people are leaving this CIRCUS:
My Alts are not recovering when BTC goes up and go down when BTC goes down. If this pattern continues I will sell and get out!
If you can't handle the volatility, then you may want to think about getting out. That's how this market has always been. We've seen highs of over $1300 before crashing back down to $220 then bouncing back up over $1300 and from there it shot back up to almost $20,000. This is just a volatile market. No ifs, ands, or buts about it. The price will drop, and it will go back up. I agree that financial markets always volatiles and this crypto market is risky.I think we need to invest only that amount which we can afford to lose and not make us panic.Have patience and wait.Experience of old players matter.Best of luck. |
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Kindly guide where to check the spreadsheets for this project's campaigns???
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Hello everyone, my first post here, hopefully I can realize my dreams with help of the community.
I'm planning to do an initial investment of $500 in crypto currencies. $100 for 5 separate crypto currencies. I'm thinking of XRP, Adcoin, maybe Ethereum and 2 more. Any advice related to the choice of coin?
My goal is to find at least one Unicorn which will generate me maybe $30k in the next years. Which coins would you invest most likely in to achieve this goal?
Go for PundiX and MTC. On both you will receive monthly bonus too and both have solid backing projects. |
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What's the next coin you think will 5-8x?
5 to 8x is reasonable and significant..
My pick.
XTZ Tezos
At this moment whole cryptocurrency market is cheap but I suggest to invest in PUNDIX, MTC, Utrust. Best of luck. |
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I hope so it happens but ipo is a real world thing and each and every ipo is highly regulated by the local financial authorities while icos are not regulated as of yet that is why we often hewr about scam icos.
Scams and frauds are currently biggest enemy of cryptocurrency market. |
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There were rumors that Stock market are going to adopt Blockchain which might really happen in the future. If it does happen, then IPO will be replaced by ICO or some team call it TEC (token exchange). Once there will be a regulatory board monitoring the cryptocurrency they might be able to chose which to call it. They might merge everything including the penny stocks.
Yes I also heard about it.I think in future every big business house, company, entity will try this blockchain technology for their benefits.Let us wait for that time. |
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As we all heard about IPO (Initial Public Offering) and ICO (Initial Coin Offering).
Let us discuss the difference between them.
Will ICO take place of IPO in near future???
IPO is usually done in conduction with stock exchange while ICO is done in the cryptocurrency market. As far as I know, no company can launch an IPO without first proving its worth and without passing all the legal requirements set out in the law so as to protect the investors. While in ICO being under an unregulated and decentralized platform anybody can launch an ICO anytime anywhere....a situation opening floodgates to scammers and frauds. When you buy an IPO you are basically buying a stock of the company and therefore entitled for company dividends now the same thing could not be true with ICO otherwise the project can be flagged as selling security and can be against the law. I am then hoping that soon we can see ICO evolving and advancing so that we can weed out scammers and that investors are not only protected but can be earning something out of the money they invested even if the value of the ICO is going down in crypto-exchanges. Thanks for sharing your views and knowledge. How about the technology behind ICO, do renowned companies or business houses adopt it??? Do they offer ICO instead of IPO by following rules and regulations??? Yes unregulated form of ICO put investors in danger and also future of this new technology as well. I am longing for the time when the market can be as strict (or even a certain percentage of it) as IPO but using the technology behind enjoyed by ICO and where people can easily access them. I am not good in predicting but I think with the way things are developing we are going into this route. The technology is already here so it is just a matter of adoption and tweaking to make it appropriate and acceptable to the regulators, the investors and project proponents. I am for regulation in order to protect investors but not for the purpose of constricting innovations...there is a need to balance the two in today's environment. There must be a way to weed out scammers and fraudsters in the ICO platform so we can promote more trust into it and make it pro-investors and pro-people. I agree cryptocurrency market also needs strict rules and regulations to protects investors money.This will further benefit this blockchain technology and crypto market.I think more than 50% market is down because of frauds and scams going on this market.This crypto market needs better regulations and rules otherwise soon it will turn extinct. |
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Scammers and criminal minded personal really ruining this new blockchain technology and cryptocurrency market.Hope in future this market create something which can ruin plans of these kind of people.
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