Cryptocurrency market to suffer from strong correction

[Psicotico]

Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.

On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.

Source: http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correction

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[batang_bitcoin]

This is just a FUD alert.

This is nothing new and has hidden agenda like those news last year same as Jamie Dimon's claim of bitcoin being a fraud.

It's obvious that banks are suffering with crypto's now so they are trying to pull it down by making these misleading articles.

[carter34]

I do not believe there is a deep correction within the 12 months. The deep that cryptocurrency went through just recently that lasted about 4 months has taken its bit on the market and for me, I'm not expecting any for now till like 5 years if it can come that close.

[seoincorporation]

Another "let make people commit panic selling" article, I'm afraid.
Such a kind of words is always related to the intention of guiding (or misguiding) people into a fear selling. Do not pay any attention to them, for they have no serious bases to sustain the motto, this kind of article is always looking for creating some panic selling.
Wich is going to determinate the crypto in 2018 is probably regulation. Many countries are making some policy design regarding crypto and, probably, it will be reflected in the prices of the coins. But, for the moment, the policies seem to be well-directed in countries as the US, Germany, and others.
Let's wait and see. None can see the future, yet.

[solarion]

Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.

On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.

Source: http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correction

I think actually we need a troll buster we need here in this forum. I do not know whether you have brain or not. Simply wasting time reading the fake news over the news site and elsewhere.
If you believe these kind of news you are fit to make the profit with the bitcoin mate.
Have you seen the news from the Reddit acceptance of bitcoin. If you look at that you will not give damn to this news.

[jeremypwr]

I gladly accept this correction, thanks for the cheaper coins everyone.
The fact is there will always be corrections in Bitcoin, it will not continue to just go to the moon.
It's up to the strong hands to outlast the weak ones who feel inclined to panic sell when the price is down.
If you're not one of those people, and I strongly suggest you not be, it should all be worth it.

[Thanasis]

Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.

On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.

Source: http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correction

Wowwww,I wonders about your prediction.

People are doing as much as they can to bring down the price of crypto currencies but the bitcoin price keeps increasing every year so the investors need to see that price chart and make decision,if you simply get panic for the FUD news like these then you better to sell your cryptos and go for safe investment like gold.

[FreeOxen]

Fear and bad news sells, that's why the majority of the news you hear is all negative...

[Fatunad]

This is just a FUD alert.

This is nothing new and has hidden agenda like those news last year same as Jamie Dimon's claim of bitcoin being a fraud.

It's obvious that banks are suffering with crypto's now so they are trying to pull it down by making these misleading articles.

What we should expect? Same as you said these things or Fuds isnt new anymore into this cryptomarket.Everyone do really like on crypto to go down specially banking sector and they do make fuds to create panic but as they know we arent really shakin of with those words.We have passed how many tremendous corrections but still we do able to survive it.If you cant hold on on the volatility then crypto investment isnt really for you.

[Potato Chips]

Aside from spreading FUD, I'm pretty sure this was posted here to boost their ads earning. I bet the site itself is full of ads-- just don't click the article. In fact, All these supposed-to-be analyst/expert predictions are not even worth reading LOLOL.

[Hydrogen]

These look to be key parts of the prediction:

First, more institutional investors will come to the market, the prices of crypto assets will start to grow sharply, and investors will start to fix profits. This will entail an outflow of capital and a panic sellout. The market will crash by 90%, believes Sebastian Markowsky, a director at GP Bullhound.

"I think both are bubbles," he said of bitcoin and ether, but "if I were going to be wrong about one of these, it would be bitcoin."

This is the google description for GP Bullhound(those making these predictions):



Image link: http://i67.tinypic.com/25i6txh.jpg

They specialize in: "mergers & acquisitions, capital raising and private placements in the technology sectors". Meaning they could have little or no experience with crypto currencies. They may not even have a background in trading stocks, bonds, precious metals or anything that would give them real experience or a good perspective on the topic.

Not that the media cares if they quote people who have no experience in the topic they're commenting on, maybe they're desperate for anything which remotely criticizes bitcoin.

[lunasol]

Highly doubt this to be the case.

[batang_bitcoin]

This is just a FUD alert.

This is nothing new and has hidden agenda like those news last year same as Jamie Dimon's claim of bitcoin being a fraud.

It's obvious that banks are suffering with crypto's now so they are trying to pull it down by making these misleading articles.

What we should expect? Same as you said these things or Fuds isnt new anymore into this cryptomarket.Everyone do really like on crypto to go down specially banking sector and they do make fuds to create panic but as they know we arent really shakin of with those words.We have passed how many tremendous corrections but still we do able to survive it.If you cant hold on on the volatility then crypto investment isnt really for you.

As hydrogen said they can have a little bit of experience and knowledge with crypto's or they are totally outrageous and no experience with it.

We are immune to this type of threats but we are not being targeted by them, they are targeting those new investors that can bring forth such tremendous gain for crypto's market cap.

[Slow death]

Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months

they said 90% collapse? this is a very large number, it would be that these analysts did not exaggerate in the drink, maybe they drank too much and then they spoke nonsense, how they justify this supposed collapse of 90%? the price falls and is recovering and we do not have many negative news so I'm not seeing why reasons would collapse 90%. one of the biggest problems I see is many analysts who have lost their brightness are using reputation that bitcoin have to appear on news channels, even if they use shady methods these analysts use everything they have to news channels to write their names in some article

[gantez]

These are speculation and this is part of the market.
It is certain that corrections will come but how deep it will, is what I can't analyse. But I think OPs deep is really as deep as killing of cryptos.

[Mister1k]

These are speculation and this is part of the market.
It is certain that corrections will come but how deep it will, is what I can't analyse. But I think OPs deep is really as deep as killing of cryptos.

Where you are seeing the price dump in the market mate. I see bitcoin continously bumping the market. In this meanwhile you are saying the correction will come means no one believe you mate.
As we see the comparison for the each and every year price value changes. In the month of August we will find the dump in the market for sure but next month again we will find the bitcoin price bumped in the market so this good time to invest your money mate.

[Baofeng]

These are speculation and this is part of the market.
It is certain that corrections will come but how deep it will, is what I can't analyse. But I think OPs deep is really as deep as killing of cryptos.

Well its not OP prediction but something he snatch from the internet and posted it here. But the problem is that he looks like creating much FUD to a market who are just really riding a good momentum recently. So one has to question his motive. But as far as 90% wtf? its to exaggerated because we all know that the market can't go down that deep unless there's a big negative news which we don't see. Government banning could be one factor, however, in the last 3 months we have seen government regulations and outright banning but still bitcoin didn't crash to like 90%.

[yojodojo21]

Aside from spreading FUD, I'm pretty sure this was posted here to boost their ads earning. I bet the site itself is full of ads-- just don't click the article. In fact, All these supposed-to-be analyst/expert predictions are not even worth reading LOLOL.

Really accurate that OP is a real fud, Suggest other viewers not to click that link or else you'll see tons of ads and if you accidentally click maybe you'll end up to a phishing link. no one on earth can decide whether any crypto will go to its downfall or to it's summit rise, in my own opinion it is base upon the law fd demand and supply, and supporters.

[VitKoyn]

Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.

On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.

Source: http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correction

Nothing new here. We have seen a lot of people or analysts said that Bitcoin and cryptocurrency market will crash and lose most of its value but it never happened, 90% drop in price is very unlikely unless there will be a huge bad scenario that will happen related to cryptocurrencies or if people will lose their interest to invest, I wonder what analysis this man did to get into this conclusion lol. This is just another FUD to manipulate the market or to make the price more cheaper, because they are seeing that the market are now starting to recover from last few month correction. Expect to see more of this kind of prediction as the market goes for a bull run.

[Lehbane]

Today and this month have those people change their prediction about cryptocurrency? As they can see some positive growth of them, people suffer not the altcoin themselves since we are the one who were affected by their sudden drop price.