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Author Topic: Cryptocurrency value plunges?  (Read 161 times)
Shaminyue (OP)
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March 18, 2018, 06:38:02 PM
 #1

Hi all, I just read some news regarding to cryptocurrency, it stated that BTC price was predicted to decrease dramatically to $2,800 (ETH or Litecoin also have the trend of falling). Besides that,  another article mentioned that "Investors in Bitcoin and other cryptocurrencies face hefty tax bills". I don't know whether I can trust these information or not. I just wonder why the price of cryptocurrency decreased so much these days and are there any new regulation about bitcoin in your country. Thank you for your information Cheesy
References:
https://www.express.co.uk/finance/city/933391/bitcoin-news-cryptocurrency-bitcoin-price-bitcoin-latest-bitcoin-us
https://www.theguardian.com/technology/2018/mar/18/cryptocurrency-bitcoin-irs-tax
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March 18, 2018, 06:43:03 PM
 #2

Most of the news does not really matter and most of them are just to create fud, the crypto market is still immature and there is huge number of panic sellers that drive the market down rigorously due to fud and negativity, i wish all these weak hands will vanish and we will see a mature, steady growing crypto markets in coming years.

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March 18, 2018, 06:47:33 PM
 #3

It is a known fact that we still have the fearful ones in the crytospace. How will one just because of one fake news now decide to sell cheap. The question one should ask is that, "who are those buying?".
The people buying are just taking advantage of the fearful ones.
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March 18, 2018, 06:56:51 PM
 #4

Do not rely to these websites,rumors and FUDs will result into panic,panic will give us a bloody market that is why we need to calm down and wait for the market to stop falling,do not sell your coins at loss because you can still get it back when the market has started to recover from these bloodblaths and basically there is nothing new about these fake news from shitty sources it is just being used to manipulate the whole market.

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March 18, 2018, 08:01:24 PM
 #5

Financial institutions are surely the ones who are getting cheaper altcoins from the bloodbaths like this one,they are dumping their bitcoin so that they will be safe from the market when G20 summit outcome is still unsure,they are molikely sticking with the USD right now so that if everything bad will they will be safe.
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March 18, 2018, 08:07:07 PM
 #6

Maybe you are focusing on all the wrong articles! Stop working up a storm on the basis of a couple of random articles, instead follow the forum closely for better awareness.
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March 18, 2018, 10:28:53 PM
 #7

Maybe you are focusing on all the wrong articles! Stop working up a storm on the basis of a couple of random articles, instead follow the forum closely for better awareness.

Agree, current bear market will soon stop once FUD and negative speculation for a drop in the crypto coins will be lessen probably this may hamper for continuing plunge of price in the crypto market. Those articles will only make crypto coins drop when people believe that it is a serious thing creating a panic mode which should be not the right way instead these drop in price will be more of a privillege to buy crypto coins to a much cheaper price and this is the right time for it. HODL your investments and wait for the recovery to take effect for a little longer then surely get rewarded later to earn much promising profit.
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March 18, 2018, 10:35:11 PM
 #8

You just need to sleep and wakeup when the market has recovered,suggesting not to drink too much coffee so you wont be highblood.I wont relying to any websites because most of them are clickbaiting,always watch the marketcap so you will know if the market is going to recover or it will dip more,eitherway you should done your own research.

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March 18, 2018, 10:59:21 PM
 #9

Hi all, I just read some news regarding to cryptocurrency, it stated that BTC price was predicted to decrease dramatically to $2,800 (ETH or Litecoin also have the trend of falling). Besides that,  another article mentioned that "Investors in Bitcoin and other cryptocurrencies face hefty tax bills". I don't know whether I can trust these information or not. I just wonder why the price of cryptocurrency decreased so much these days and are there any new regulation about bitcoin in your country. Thank you for your information Cheesy
References:
https://www.express.co.uk/finance/city/933391/bitcoin-news-cryptocurrency-bitcoin-price-bitcoin-latest-bitcoin-us
https://www.theguardian.com/technology/2018/mar/18/cryptocurrency-bitcoin-irs-tax
All about tax, in swiss the tax for cryptocurrency already applied and i know that about the first ico app that supports tax payment in the future. But the tax payment features already available. It looks like all of the news that you have mentioned is true. the guardian is a reliable source. But this massive dump created by mtgox trustee and then the bad news after that was making the market becomes more and more panic.

..Stake.com..   ▄████████████████████████████████████▄
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Shaminyue (OP)
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March 19, 2018, 05:09:23 PM
 #10

Do not rely to these websites,rumors and FUDs will result into panic,panic will give us a bloody market that is why we need to calm down and wait for the market to stop falling,do not sell your coins at loss because you can still get it back when the market has started to recover from these bloodblaths and basically there is nothing new about these fake news from shitty sources it is just being used to manipulate the whole market.

Could you advise me some good websites to get daily news about cryptocurrency Cheesy our forum will display the articles based on the time members have comments on it (sorry if this is my problem that I don't know how to filter it based on the time of topic rather than comment). I just want to keep track with the lastest news
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March 19, 2018, 05:14:47 PM
 #11


it could happen but for BTC itself I think the lowest point before touching the price is the price range of $ 5300 an, nah from there will find where the next price will continue, but in my opinion this point will be the deciding point whether to continue the downtrend or back up by forming a double bottom
Shaminyue (OP)
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March 19, 2018, 05:15:58 PM
 #12

Maybe you are focusing on all the wrong articles! Stop working up a storm on the basis of a couple of random articles, instead follow the forum closely for better awareness.

Agree, current bear market will soon stop once FUD and negative speculation for a drop in the crypto coins will be lessen probably this may hamper for continuing plunge of price in the crypto market. Those articles will only make crypto coins drop when people believe that it is a serious thing creating a panic mode which should be not the right way instead these drop in price will be more of a privillege to buy crypto coins to a much cheaper price and this is the right time for it. HODL your investments and wait for the recovery to take effect for a little longer then surely get rewarded later to earn much promising profit.

Thank you for your nice recommendation. I also held my coins from Jan until now. The decreasing in cryptocurrency price make me become panic sometimes. However, I don't think this is the end of crypto now. I just wonder about the reasons for this hard time and try to find out Cheesy
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March 19, 2018, 05:24:56 PM
 #13

Hi all, I just read some news regarding to cryptocurrency, it stated that BTC price was predicted to decrease dramatically to $2,800 (ETH or Litecoin also have the trend of falling). Besides that,  another article mentioned that "Investors in Bitcoin and other cryptocurrencies face hefty tax bills". I don't know whether I can trust these information or not. I just wonder why the price of cryptocurrency decreased so much these days and are there any new regulation about bitcoin in your country. Thank you for your information Cheesy
References:
https://www.express.co.uk/finance/city/933391/bitcoin-news-cryptocurrency-bitcoin-price-bitcoin-latest-bitcoin-us
https://www.theguardian.com/technology/2018/mar/18/cryptocurrency-bitcoin-irs-tax

well the price of bitcoin now proves that its a fake news. the value of market up to 23% today and 16% for bitcoin. big whales just waiting for the g20 summit to approach.

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March 19, 2018, 05:33:28 PM
 #14

Hi all, I just read some news regarding to cryptocurrency, it stated that BTC price was predicted to decrease dramatically to $2,800 (ETH or Litecoin also have the trend of falling). Besides that,  another article mentioned that "Investors in Bitcoin and other cryptocurrencies face hefty tax bills". I don't know whether I can trust these information or not. I just wonder why the price of cryptocurrency decreased so much these days and are there any new regulation about bitcoin in your country. Thank you for your information Cheesy
References:
https://www.express.co.uk/finance/city/933391/bitcoin-news-cryptocurrency-bitcoin-price-bitcoin-latest-bitcoin-us
https://www.theguardian.com/technology/2018/mar/18/cryptocurrency-bitcoin-irs-tax
It is necessary to really stop discussing various negative rumors, as this engenders negative emotions and creates additional panic. The drop of bitcoin to 2800 dollars is absolutely unrealistic, for such a fall there are no objective reasons. I think that such a long drop of bitcoin, and then of all the crypto currency, was planned and carried out by certain forces
  The reasons for this may be different, including with better motivations. However, most likely, bitcoin and other crypto currency will soon rise again.
Shaminyue (OP)
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March 19, 2018, 05:36:42 PM
 #15

Hi all, I just read some news regarding to cryptocurrency, it stated that BTC price was predicted to decrease dramatically to $2,800 (ETH or Litecoin also have the trend of falling). Besides that,  another article mentioned that "Investors in Bitcoin and other cryptocurrencies face hefty tax bills". I don't know whether I can trust these information or not. I just wonder why the price of cryptocurrency decreased so much these days and are there any new regulation about bitcoin in your country. Thank you for your information Cheesy
References:
https://www.express.co.uk/finance/city/933391/bitcoin-news-cryptocurrency-bitcoin-price-bitcoin-latest-bitcoin-us
https://www.theguardian.com/technology/2018/mar/18/cryptocurrency-bitcoin-irs-tax

well the price of bitcoin now proves that its a fake news. the value of market up to 23% today and 16% for bitcoin. big whales just waiting for the g20 summit to approach.

Heh~ I will check it ^^ it seems to be a very good news. Hope that the market will recover soon after a short period of time.
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March 19, 2018, 05:50:29 PM
 #16

Hi all, I just read some news regarding to cryptocurrency, it stated that BTC price was predicted to decrease dramatically to $2,800 (ETH or Litecoin also have the trend of falling). Besides that,  another article mentioned that "Investors in Bitcoin and other cryptocurrencies face hefty tax bills". I don't know whether I can trust these information or not. I just wonder why the price of cryptocurrency decreased so much these days and are there any new regulation about bitcoin in your country. Thank you for your information Cheesy
References:
https://www.express.co.uk/finance/city/933391/bitcoin-news-cryptocurrency-bitcoin-price-bitcoin-latest-bitcoin-us
https://www.theguardian.com/technology/2018/mar/18/cryptocurrency-bitcoin-irs-tax
When bitcoin crashes its price most of the altcoins will follow the same fate, not just ETH and litecoin, as per the article you've mentioned above taxes are liable for bitcoin as the government in your own country imposes regulation and laws about cryptocurrency so how in the world are they going to track all those wallets were the owners own the private key? unless your going to use some centralized exchange or local wallet services which were regulated by your government.
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March 19, 2018, 06:07:36 PM
 #17


it could happen but for BTC itself I think the lowest point before touching the price is the price range of $ 5300 an, nah from there will find where the next price will continue, but in my opinion this point will be the deciding point whether to continue the downtrend or back up by forming a double bottom
We really can't tell what future will bring to us, those taxes that needs or required by the countries rules really hurting the market, bitcoin will
fall but I'm not really sure if that will hit to that grounds, still depends on how the traders and investors will react after we see more continuous
downfall, but in the other hand we should also think positively as corrections will be finished and the bounce back will happen, just keep in mind
that history will just repeat itself.
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March 19, 2018, 06:12:03 PM
 #18

I believe that the price should rise on the contrary. Personally, I purchase a variety of coins and expect growth and good profits. These articles do not believe and advise you not to be nervous. Roll Eyes
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March 19, 2018, 06:14:31 PM
 #19

What will be my reaction to this information? That is the question we should ask when we come across this news independently whether it is false or not. Another factor that we must analyze is the number of topics about the market and Bitcoin's fall, pessimistic and depressive thoughts, another question? For what? Summarizing my opinion with negative thoughts things do not go.

Note* I write about projects that can do something for society. Now whether this will happen depends not on me, but on the project team. I'm just a writer... DYOR
Shaminyue (OP)
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March 20, 2018, 05:33:08 AM
 #20

Hi all, I just read some news regarding to cryptocurrency, it stated that BTC price was predicted to decrease dramatically to $2,800 (ETH or Litecoin also have the trend of falling). Besides that,  another article mentioned that "Investors in Bitcoin and other cryptocurrencies face hefty tax bills". I don't know whether I can trust these information or not. I just wonder why the price of cryptocurrency decreased so much these days and are there any new regulation about bitcoin in your country. Thank you for your information Cheesy
References:
https://www.express.co.uk/finance/city/933391/bitcoin-news-cryptocurrency-bitcoin-price-bitcoin-latest-bitcoin-us
https://www.theguardian.com/technology/2018/mar/18/cryptocurrency-bitcoin-irs-tax
All about tax, in swiss the tax for cryptocurrency already applied and i know that about the first ico app that supports tax payment in the future. But the tax payment features already available. It looks like all of the news that you have mentioned is true. the guardian is a reliable source. But this massive dump created by mtgox trustee and then the bad news after that was making the market becomes more and more panic.

Thank you so much for your sharing. If the tax system is implied for cryptocurrency, it would turn out a question that the tax payment will be applied for all countries or not, who  will bear it (the buyer or the seller or both of them), who will submit it to state budget (the service provider such as exchange market or the trader...) and what country will get the tax payment (the country where the coin works at or country of the service provider or country of trader themselves). I think goverment will think about it seriously because managing transaction via Internet will be a big difficulty.
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