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Author Topic: this is why cryptocurrency price become red for now  (Read 416 times)
CryptoBaxing
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February 02, 2018, 08:00:27 AM
 #21

https://www.bloomberg.com/news/articles/2018-02-01/india-to-curb-cryptocurrency-use-while-embracing-blockchain
“The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system,” Finance Minister Arun Jaitley told

what will you do ? hold or sell ?

Sell and forget, and enjoy worry free time with your family !  Grin
Sofinard09
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February 02, 2018, 08:04:20 AM
 #22

this could be a fake news guys, and it is not yet confirm. i dont think so that this could be the reason why coins are red.
Acguy
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February 02, 2018, 08:08:06 AM
 #23

Nope. This may be one of the reasons but everything was headed down before the korea ban or anything else.

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Carmen01
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February 02, 2018, 08:13:10 AM
 #24

Always think crypto run for almost 9 years or more so the news you read is normal here and if they see what the negative or they say negative in crypto i think better for them to leave and don't think that they will affect the positive that can crypto brings,i think if you don't have business here then leave or you don't earn here just leave that is easy no need for negative like them.

bhubur22122017
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February 02, 2018, 08:21:39 AM
 #25

do not respond in haste ,,,
observe the progress of the news then you can take steps to sell or hold the assets you have, lest you take the wrong steps that will harm your own.
Hopefully there is a best solution in order to benefit both
grever
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February 02, 2018, 08:22:55 AM
 #26

https://www.bloomberg.com/news/articles/2018-02-01/india-to-curb-cryptocurrency-use-while-embracing-blockchain
“The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system,” Finance Minister Arun Jaitley told

what will you do ? hold or sell ?

Haha this is yust a 1% of the reason Smiley
leea-1334
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February 02, 2018, 08:25:11 AM
 #27

https://www.bloomberg.com/news/articles/2018-02-01/india-to-curb-cryptocurrency-use-while-embracing-blockchain
“The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system,” Finance Minister Arun Jaitley told

what will you do ? hold or sell ?

How do you know that it was the main reason tho? BTC is already on downtrend before that news spread. Besides that, It will be so absurd to sell now your BTC while you are in loss. You will never suffer a real loss unless you sold your BTC. BTC will regain again it's price within this year and will set new ATH. Price dump always happened during the first quarter of the year while ETH pump during this period. This happened yearly so this is just a normal occurrence on crypto, Price will be back to normal soon.

Exactly. Even when people put out big news supposedly from Japan or South Korea or China, it does not really affect the price, because the trends already happen based on the rumors. If the news further confirms rumors, then sure, the pressure continues but nothing makes the market crash or boom in terms of news. This is just normal for Bitcoin, and therefore normal for crypto.

Holders are looking at potential losses, like you said. And they are naive if they think markets keep going up without first going down.

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jakiro.hovard
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February 02, 2018, 08:29:06 AM
 #28

I think of course this is also part of why now there is quite a serious correction, but the main factors still probably is that people with large wallets came into our world and are trying to manipulate it
Andrey123
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February 02, 2018, 08:35:36 AM
 #29

Just now they buy bitcoin those who only learned about it.
Therefore, the price fell.
I see no reason to panic.
The Nakamoto group has not yet implemented its main move, and for this the price should be much higher  Wink

Hello! Voluntary donations that will go towards the development of my coin.
34bwEhH3GMx6swYXt2NBfFbYGkdTcaWtXz....BTC

DmitriySar
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February 02, 2018, 08:48:04 AM
 #30

I will hold. I have the opportunity to wait until I need it. If India forbade any action with a cryptocurrency would be a collapse. They prohibit settlement in the cryptocurrency.
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February 02, 2018, 08:56:28 AM
 #31

I love seeing the reds right now (it's my favorite color), and I'm expecting that it will close to almost $8,000 by the end of tonight. However, we do have two sides. There's a part of me who is worried about the dip, but there's another part of me who is strong and decides to hold on no matter what.

I think we are seeing this as a healthy correction and it's a positive for me. I have no problem with the dip as long I am just diversifying my options to sustain myself like doing some freelance gigs, airdrops and bounties too.

For you guys not to panic, just stop looking at your Blockfolio or CoinMarketCap every minute, hour or so. Just take a break for now so that you have a refreshed mind instead of getting worried with the reds.

Pla
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February 02, 2018, 08:58:46 AM
 #32

https://www.bloomberg.com/news/articles/2018-02-01/india-to-curb-cryptocurrency-use-while-embracing-blockchain
“The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system,” Finance Minister Arun Jaitley told

what will you do ? hold or sell ?

Bitcoin is circulated around the world. Although the behavior of some countries and regions may affect the short-term price of bitcoin, in the long run, bitcoin has steadily risen
coolcharacter
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February 02, 2018, 09:01:32 AM
 #33

Best to keep holding despite all of this FUD. The whole point of crypto is decentalisation and no matter what these govts throw at it, in the long run it will prevail.
LazyBitInvestor
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February 02, 2018, 09:10:05 AM
 #34

You will never suffer a real loss unless you sold your BTC.

Nice said, sir  Smiley

People! Do you Remember the fall of all crypto market when "China banned ICOs" (September 2017). And what we see now?

All these news about prohibition crypto is used by whales, who manipulate the whole market.

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February 02, 2018, 09:19:27 AM
 #35

Cryptocurrency works well but on demand and supply. A lot of people have dropped hands because of a little little decrease in price. Thus its effects show prices going red.

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ransow72
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February 02, 2018, 09:24:51 AM
 #36



what will you do ? hold or sell ?
[/quote]

Now right time to buy Btc and altcoins.Now don't sell hold your coins. In few months cryptomarket will grow it's reach in old place.Then you make good profits.
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February 02, 2018, 09:26:50 AM
 #37

crypto currencies are experiencing such a situation for the first time. investors are afraid and quickly withdraw their investment. they accept low fiashed sales
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February 02, 2018, 09:29:17 AM
 #38

Well, such news is now very much and they do not frighten me because I think they will not be able to control everything, so I will keep my coins and wait for growth
An0nyMoose
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February 02, 2018, 09:56:22 AM
 #39

But they didn't even ban bitcoin. They just released a statement.

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jawatulen (OP)
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February 06, 2018, 11:27:12 PM
 #40

Well, such news is now very much and they do not frighten me because I think they will not be able to control everything, so I will keep my coins and wait for growth

nice decision my friend  Wink
i keep all my crypto in my ledger nano s too,,
and forget a while this situations, which mean i will look at my ledger in few months later  Wink
only a few coins in exchange for daily trade
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