Bitcoin takes HUGE dip, Regulation becomes a concern and bitconnect turns in

[TimtheYoutuber]

For the full story check out my YouTube video : BREAKING NEWS: Bitcoin takes a HUGE dip, Regulation becomes a concern and MUCH MORE!



What do you guys think about the recent events of China, Korea, Coinbase international wires, and bitconnect possibly exit scamming?



Lots of regulation in the news, which is scary in some aspects. However, I believe this is all just FUD and will go back up as it has many different times. It is good to point out ( if you are new to cryptocurrency ) that China has "banned" bitcoin many different times at its peak. Such as $30- 300 etc

[TimtheYoutuber]

Another red day in the market, which will allow first time investors a good way to join.

[bit-freedom]

I believe the bad news are all fuds too. The market seems to recover today so there is nothing much to worry about. The investors seem to be used to the fuds, the dips didn’t last long.

[BountyX]

Usually news are used by speculators just as a pretext for pushing the price up or down and make a profit. BTW I would not put Bitcoin and Bitconnect in the same discussion - they are two completely different things.

[AngelJoshua]

I believe on bitcoin it will be okay soon regardings to some events happening right now I really dont have any idea which news ( i know/think that theres some FUD happening here to make some profit ) i will going to believe but i know it will really going to be okay again soon If some country dont want bitcoin its up to them now ^_^  also bitconnect already exited as of today

[TimtheYoutuber]

Usually news are used by speculators just as a pretext for pushing the price up or down and make a profit. BTW I would not put Bitcoin and Bitconnect in the same discussion - they are two completely different things.

Yes of course, this was more of a generalized thread of different things going on.

[Kemarit]

Usually news are used by speculators just as a pretext for pushing the price up or down and make a profit. BTW I would not put Bitcoin and Bitconnect in the same discussion - they are two completely different things.

Yes of course, this was more of a generalized thread of different things going on.

Yeah, Bitcoin is of another discussion, and I don't think that they really have a significant effect on the price during the crash 2-3 ago. News (Positive or Negative), usually influence the mind of investors and always think that the market is based on speculation. A sudden news will tilt the equilibrium on either direction. As far China and South Korea, those are FUD's, what's concern me though is that when China release a news, it always have a double meaning, you can't really understand if they are going to ban everything related to crypto, or just spreading news that will create a panic and then they will bought bitcoin quietly. Of course, its really hard to proved, but somewhat you can't really think of any excuses as to why they releases such statement. As for South Korea, no definite directions as well. So we really need to be vigilant everyday and update ourselves of the current news so that we can make correct decisions specially during market crash.

[CryptoBry]

Another red day in the market, which will allow first time investors a good way to join.

Yes, I believe that in every dip is an opportunity to buy some coins and tokens for cheap. This has been the cycle ever since with Bitcoin and cryptocurrency in general. Funny is that when Bitcoin is surging into 20K level, so many so-called experts are warning that the bubble can pop anytime and people will be losing their money as if Bitcoin will be gone for good. And now that we are undergoing the necessary correction, the same experts are telling us that Bitcoin is collapsing and we should not get involved with it because we might be losing money. Weeks from now, when Bitcoin will show some good signs of recovery and will slowly inched its way up, the same experts will be warning us with the same message but maybe said in another way.

Should we continue listening to these experts, we might as well leave cryptocurrency for good and never come back even if Bitcoin is already valued at 100K or even more. People who are afraid should never get into cryptocurrency because certainly there are risks involved. Any kind of market can be risky as there is no real guarantee in this world.

[TimtheYoutuber]

Another red day in the market, which will allow first time investors a good way to join.

Yes, I believe that in every dip is an opportunity to buy some coins and tokens for cheap. This has been the cycle ever since with Bitcoin and cryptocurrency in general. Funny is that when Bitcoin is surging into 20K level, so many so-called experts are warning that the bubble can pop anytime and people will be losing their money as if Bitcoin will be gone for good. And now that we are undergoing the necessary correction, the same experts are telling us that Bitcoin is collapsing and we should not get involved with it because we might be losing money. Weeks from now, when Bitcoin will show some good signs of recovery and will slowly inched its way up, the same experts will be warning us with the same message but maybe said in another way.

Should we continue listening to these experts, we might as well leave cryptocurrency for good and never come back even if Bitcoin is already valued at 100K or even more. People who are afraid should never get into cryptocurrency because certainly there are risks involved. Any kind of market can be risky as there is no real guarantee in this world.

At 20k it isn't a bubble in imo but even if you are going to hold long term, you should try and buy it away from its high. Even investing in these "blue chip" cryptocurrencys you will find high risk which is certainly a misconception that a lot of people have on the market since we have seen huge gains before.

[clrpod]

For the full story check out my YouTube video : BREAKING NEWS: Bitcoin takes a HUGE dip, Regulation becomes a concern and MUCH MORE!



What do you guys think about the recent events of China, Korea, Coinbase international wires, and bitconnect possibly exit scamming?



Lots of regulation in the news, which is scary in some aspects. However, I believe this is all just FUD and will go back up as it has many different times. It is good to point out ( if you are new to cryptocurrency ) that China has "banned" bitcoin many different times at its peak. Such as $30,300 etc

$30,300? When was bitcoin ever at that price? Most of the problem of the last week was simply FUD, crackdowns are obviously damaging but not nearly as much as was suggested in the market. Regulation can be seen as a good thing to prevent any major issues in the long term, it may limit the market slightly but it makes it a much safer and stable market.

[TimtheYoutuber]

For the full story check out my YouTube video : BREAKING NEWS: Bitcoin takes a HUGE dip, Regulation becomes a concern and MUCH MORE!



What do you guys think about the recent events of China, Korea, Coinbase international wires, and bitconnect possibly exit scamming?



Lots of regulation in the news, which is scary in some aspects. However, I believe this is all just FUD and will go back up as it has many different times. It is good to point out ( if you are new to cryptocurrency ) that China has "banned" bitcoin many different times at its peak. Such as $30,300 etc

$30,300? When was bitcoin ever at that price? Most of the problem of the last week was simply FUD, crackdowns are obviously damaging but not nearly as much as was suggested in the market. Regulation can be seen as a good thing to prevent any major issues in the long term, it may limit the market slightly but it makes it a much safer and stable market.

Will edit that lol, I meant to say $30 and at $300. As an example of times when china has done this before.

[Enjel]

"Bitcoin takes the standard, historically expected January 2nd-3rd week dip, and recovers" would be nicer

[johnnywoo2015]

I read that G20 countries will discuss Bitcoin and crypto-currencies in their meeting @ march.

What do you expect from such discussion? I guess nothing good..

[Pursuer]

now that it is officially over, you can see as it was expected by many, this dip was nothing more than manipulation of the market so that price goes down and the market makers make some quick profit from this quick but big down and up and increase their wealth a little bit more.

we add another big dip to the history of bitcoin's dips which are hundreds in very similar fashion with similar cause and effects. hopefully we also gain some experience from this and never repeat the same mistakes again.

[TERA2]

When was the huge dip? I only saw little squiggles. I guess Ive been in btc too long.

[cipher-x_09]

The drop did not seem to last long I think the price is only good for one night and after that, the price of bitcoin is slowly recovering the dip so there's no need to panic. Although the concern here is that influential countries like for example China are seemingly relishing their ban for bitcoin in their place which is why the demand of bitcoin in some place are going down.

[TimtheYoutuber]

The drop did not seem to last long I think the price is only good for one night and after that, the price of bitcoin is slowly recovering the dip so there's no need to panic. Although the concern here is that influential countries like for example China are seemingly relishing their ban for bitcoin in their place which is why the demand of bitcoin in some place are going down.

The increase in tether might have bailed out the bitcoin. Kinda nervous about it.

[keketex144]

wait for end of this year bitcoin will go higher than latest ATH

[hahahafr]

I do not think so, bitcoin still needs to improve a lot before it can touch a new all time high (more than $20k)

wait for end of this year bitcoin will go higher than latest ATH

Just wait a little bit more, be patient, and you will see how high bitcoin will go after that the LN gets implemented.

[coinadon]

I agree with what you say.
It is deeply regrettable that the newbie in this world will be the victim of their FUD.
the whale buy their losses at a good price
while the newbie are oscillating in this.

obviously from so many FUDs at the beginning of the year like the previous year, this is a very common thing in the world of cryptocurrency.

I'm just sure in a way bitcoin will reach $ 30,000 this year.
HODL IT !!!!