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Author Topic: Cryptocurrency market to suffer from strong correction  (Read 932 times)
Psicotico
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May 04, 2018, 09:57:09 AM
 #1

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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May 04, 2018, 11:37:37 AM
 #2

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.

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May 04, 2018, 02:57:36 PM
 #3

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.

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May 04, 2018, 03:40:54 PM
 #4

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.

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May 04, 2018, 05:01:52 PM
 #5

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.

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May 04, 2018, 05:53:53 PM
 #6

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.

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May 04, 2018, 07:35:09 PM
 #7

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. Cheesy

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.

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May 04, 2018, 07:46:53 PM
 #8

Fear and bad news sells, that's why the majority of the news you hear is all negative...
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May 04, 2018, 09:08:30 PM
 #9

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.


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May 04, 2018, 09:21:52 PM
 #10

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.

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May 04, 2018, 09:35:21 PM
 #11

These look to be key parts of the prediction:

Quote
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.

Quote
"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.

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May 04, 2018, 09:52:32 PM
 #12

Highly doubt this to be the case.
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May 04, 2018, 10:15:50 PM
 #13

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.

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May 04, 2018, 11:10:46 PM
 #14

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


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May 05, 2018, 03:37:54 AM
 #15

Even you post a lot of negative about crypto still this are run by users,traders and investors so your post only is like FUD OP because like me user of digital currency if i see your post this is like a nonsense post and i will think what is worth of bitcoin only then continue what is my business here and actually this is worldwide so even some country not acknowledge what is digital currency or they banned bitcoin still there are some country that will continue this another thing if this will gone or this is not worth it anymore then i stop that's all

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May 05, 2018, 07:30:37 AM
 #16

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.

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May 05, 2018, 05:24:42 PM
 #17

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

You could be right about that collapse anytime, but I doubt that there will be any other coins that can survive that correction none other than Bitcoin. Unless that there is already a coin that is really next to Bitcoin right now, I really mean "next to Bitcoin".

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May 05, 2018, 07:47:29 PM
 #18

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.




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May 06, 2018, 03:19:52 AM
 #19

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%.

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May 06, 2018, 07:39:29 AM
 #20

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.

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