Reason for BTC price crash found!

[futureofeth]

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?

Stop panicking. Every year I see a significant drop in prices before the new year and a little after the new year, but then the price stabilizes and growth begins again

Agree! Many people are not considering this because they are bothering about the prices and everytime they want to see Bitcoin at a high value but they need to understand it is not possible in the market to give profits in trading.

[bengems]

That's not enough good reason for the crash in price, the market is due for correction...simple!

[topesis]

That is a joke I think, I have not seen anyone in the space that said he or she is going to invest in the Venezuela ICO, so many reasons makes the price of BTC to rise and I believe alot of people would have learnt from this never to be a sheep used for the sacrifice again.

[Zicadis]

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?

i find it hard to believe but its a good reason but unfortunately petro is also a cryptocurrency...had it been fiat it would have made alot of sense in the sense that the fiat would have backed bitcoin as a way to preserve its value, but demand for a centralized currency rising over decentralized cryptocurrencies...I dont believe this.

[WSDN]

there are too many reasons for the BTC falling down now, Google and Facebook ban crypto advitising, South Korea ban BTC,.... but you should consider carefully. Most of them are fake news.

[MalakEnay]

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?

President Maduro does not seem to have the level of knowledge sufficient to issue a qualified opinion regarding the complex field of technology and finance. Of course, at this moment his only concern is to try to attract unsuspecting investors to help him finance his populist measures of government, and I am skeptical about the credibility that this shitcoin called "Petro" deserves.

[novita_gendut]

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?

The possibility is so because I know now we have to know the cause, and for the Venezuelan president who has reduced the cryptocurrency demand I think it is not, because with the occurrence of accidents the price of BTC is due to the government that now enters the world of cryptocurrency,

[Athenakim.22]

I think that's not only the main cause, we have heard aa lot of news about BTC being ban and decline to other countries plus other government are introducing thier own coin i think all of that has made an impact as to why,  BTC is going down. 

[Branko]

It seems BTC is finally somewhat recovered from Venezuelan attack 

[mazezizi]

This is certainly not the cause of the collapse of the cryptocurrency price. There is no reason for the bitcoin price collapse. The only thing is that the market is underfunded. The whales are not currently in the cryptocurrency market, which leads to insufficient market funds.

[Lostan]

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 many attempts were made to dump Bitcoin but it has great resistance power.
Nothing can stop Bitcoin and the crypto!

[altercreed]

I don't ever think that this oil-backed cryptocurrency by Venezuela called Petro crypto can ever replace bitcoin in the long run. For some reasons, it may be the cause of bitcoin's market price fluctuation but i don't really think that petro is a threat to bitcoin because even though they're the same crypto but they do have different usage.

[serizawa]

that's not a very strong reason because bitcoin is down, I think bitcoin is a regular correction. soon maybe bitcoin will recover its price

[www_blockchain]

Cryptocurrencies created by the government will never be a success and therefore never sell your Bitcoins to buy Petro. Cryptocurrency cannot belong to the state.

[ajqjjj]

that's not a very strong reason because bitcoin is down, I think bitcoin is a regular correction. soon maybe bitcoin will recover its price

It is not a regular correction every year some price fluctuation is comes in the but we know the reason for price variation. This year lot of opposing was occur in the market so totally unpredictable in crypto market. So crashes are happen in anytime on this year and this will going to moon also happen in anytime.

[lubah]

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.

You're saying it right. Your version has a lot of truth. I'm sure. China and America have been very hard hit by the crypto market, regulators have started to control the ICO and the influx of new investors has declined significantly. This is the main reason for the fall of the market and bearish trend

[Markperop]

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.

You're saying it right. Your version has a lot of truth. I'm sure. China and America have been very hard hit by the crypto market, regulators have started to control the ICO and the influx of new investors has declined significantly. This is the main reason for the fall of the market and bearish trend

Of course, if there is a total control of all ico companies, then this undoubtedly should reduce the overall amount of fraud in this business. This is certainly a positive moment of the current situation, but how long will such an execution affect the entire crypto currency market?

[divowok]

I personally think its impossible to absolutely decide what the reason for any market moves are, as generally, fundamentals don't matter too much in such speculative markets. In times like this when everything is bleeding, its smart to consider a future plan. IMO investing in promising icos is one of the smartest things you can do and i have a few that you might enjoy knowing about.

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Daostack IO powers decentralized companies, funds and markets to make fast and innovative decisions at scale. Basically an operating system for collective intelligence.

Deedcoin is a cryptocurrency that will simplify real estate. Deedcoin customers use DEED to decide what to pay in commission costs when purchasing or selling a home, lowering the traditional 6% fee to 1%.

[awakdroe]

this is a very good joke, I am not sure what has been preached.

[carlisle1]

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?

maduro's desperation results to this

I think the president has leave no option but to follow this as all he wanted is to save venezuela.

But he cant be completely successful on this as bitcoin will still stands against petro.lets hope maduro will do the right action after this time