Reason for BTC price crash found!

[Branko]

http://strategiccoin.com/maduro-takes-credit-bitcoin-offering/


"Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuela’s state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."


Now that we know the cause, what should we do? Convert BTC to Petro?

[JavaLove]

http://strategiccoin.com/maduro-takes-credit-bitcoin-offering/


"Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuela’s state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."


Now that we know the cause, what should we do? Convert BTC to Petro?

So he's shorting the Bitcoin with his Petro. But I still don't believe in government crypto coins.

Any reliable source of this?

[Branko]

I look at it as a joke, but you never know 

[coinswebid]

thats not the main causes i think,,
as i know decentralised is better than centralised, and all government cryptocurrencies will always use centralised system to control everything
and i believe people will always choose the decentralised system,,
just keep calm

[SunJAB]

As far as I know, the Korea Financial Supervisory Commission (FSC) has confirmed the ban on uncontrolled transaction accounts. The Securities and Exchange Commission (SEC) said it had received a court order to freeze the assets of an ICO deal with $ 600 million raised. These are the reasons why the entire cryptocurrency market has fallen sharply over time. In addition, the Asian investors to sell copper coins to prepare for the Lunar New Year is also a cause for market decline.

[devollito]

Thats not the main cause in my opinion the main cause is we are already mooning very high and it is time to going down. The news is made for only reason to dump bitcoin. We may will see $8000 soon or sub $8000 then back to $9000 ish then continue declined untill $6000 many investor maybe will move their money to good altcoin out there. I am not sure which altcoin but it will happen.

[BlockEye]

As far as I know, the Korea Financial Supervisory Commission (FSC) has confirmed the ban on uncontrolled transaction accounts. The Securities and Exchange Commission (SEC) said it had received a court order to freeze the assets of an ICO deal with $ 600 million raised. These are the reasons why the entire cryptocurrency market has fallen sharply over time. In addition, the Asian investors to sell copper coins to prepare for the Lunar New Year is also a cause for market decline.

There so many FUD out there and I think that is not the main reason but ONE of the reason why bitcoin is dump ATM. Reason for BTC dump is the hottest topic on this forum and many users are creating different thread while the title and thoughts of the thread are the same. There is no exact for this question so please stop posting for a news as the main reason for this current dump event in BTC because there is so many FUD spreading around the world. I wonder if this all FUD is legit because it looks like a setup in able to destroy BTC momentum and back to cheap price.

[vastmast]

Are all these price reductions the only reason to come from a few countries? it does not make much sense to me.
The volume of these markets is huge, and these decisions should not be a problem unless they come from countries like the united states of america

[topesis]

I don't believe your theory, the discentralised space is different from these centralised version that is coming on board, that is why I don't like and won't participate in Kodak ICO, their own mind set is different from what drives this space, and people should know this is just a token and nothing else

[Kulllianll]

http://strategiccoin.com/maduro-takes-credit-bitcoin-offering/


"Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuela’s state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."


Now that we know the cause, what should we do? Convert BTC to Petro?

Haha! Guilty found!
I do not think that Venezuela will lose if it launches their national crypto. I personally observe the experiment with pleasure.

[TheHas]

Ha right. So bitcoin, which increased in popularity because it is a decentralized cryptocurrency, is now losing popularity because it isn't a centralized special petro coin from a corrupt government system in Venezuela?

[poodle63]

http://strategiccoin.com/maduro-takes-credit-bitcoin-offering/


"Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuela’s state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."


Now that we know the cause, what should we do? Convert BTC to Petro?

You shouldn't do anything about that, it's not the main reason to make a bit bearish trend for bitcoin. tether audit looks become a vital part at this moment. I don't wanna argue about petro that has been made by you know that. 

[zombies]

Its because of India's stance on crypto. More countries will follow.

[siekeheros]

http://strategiccoin.com/maduro-takes-credit-bitcoin-offering/


"Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuela’s state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."


Now that we know the cause, what should we do? Convert BTC to Petro?

Is not that the reason behind, also we cannot trust the president from a country were recidents can't even buy tooth paste in the supermarket.

[denzkilim]

As far as I know, the Korea Financial Supervisory Commission (FSC) has confirmed the ban on uncontrolled transaction accounts. The Securities and Exchange Commission (SEC) said it had received a court order to freeze the assets of an ICO deal with $ 600 million raised. These are the reasons why the entire cryptocurrency market has fallen sharply over time. In addition, the Asian investors to sell copper coins to prepare for the Lunar New Year is also a cause for market decline.

There so many FUD out there and I think that is not the main reason but ONE of the reason why bitcoin is dump ATM. Reason for BTC dump is the hottest topic on this forum and many users are creating different thread while the title and thoughts of the thread are the same. There is no exact for this question so please stop posting for a news as the main reason for this current dump event in BTC because there is so many FUD spreading around the world. I wonder if this all FUD is legit because it looks like a setup in able to destroy BTC momentum and back to cheap price.

FUD are spreading everywhere from forums to social media and even in the news. In my own opinion on this kind of scenario that is currently happening there are people behind this FUD spreading propaganda to drop the price of bitcoin so that they can pack up more at the time it will start rising again. It's better not to feed those FUD spreaders and don't mind them, their main agenda is make the price of btc drop.

Everyone just relax bitcoin will not fall to no value at all, This kind of scenarios already happened years before. If you get affected by this scenarios happening, you're the one falling and not bitcoin. Keep calm hodl, Buy low and sell high.

[thompshma]

It corrected because we were due for a correction... Not any specific scenario.

The global sentiment and temperature of the crypto community was "We will probably correct soon" and thats what happened.
Most people feel we will jump off the 8k low and see new all time highs within the next few months.

I expect this to happen.

Keep your finger on the pulse and study a vast range of sources to understand the global sentiment.

[turbulence]

lmao time to stock up on petro

[Freddoe]

Oh shit now I have to buy petro! Or am I to late???

[VicodinTaco]

lol that guy is great!  "My country so powerful we crash bitcoin!" 

All your base are belong to us!

[MarchToke]

This is not just the reason of decreasing the value of bitcoin. There are other factors also that affects bitcoin rate that we did not know. But for sure the less of demand of bitcoin is one of the reason why it is falling down.