Cryptocurrency market to suffer from strong correction

[neonshium]

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.

I don’t believe any predictions about cryptocurrency, because all the predictions from the last year became false and the price was quite different.

I believe in facts and fact is that bitcoin is increasing day by day gradually and people are putting their money in bitcoin for earning more and more money. Unexpected growth has finished and now bitcoin is on the track back. Now it is normal corrections.

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[TheGreatPython]

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.

I don’t think that all cryptocurrency will drop upto 90%. Do you know what 90% means in bitcoin price? It is absolutely nonsense and nobody will agree with this. No doubt there are corrections in the price but not too much that it will disappear from the market. 90% means 90% people withdraw their money from cryptocurrency world, while fact is against your predictions.

[sunsilk]

I don’t believe any predictions about cryptocurrency, because all the predictions from the last year became false and the price was quite different.

And you don't believe with the positive predictions and optimistic speculations that are being given by the experts or any fund strat that is very bullish to bitcoin?

Unexpected growth has finished and now bitcoin is on the track back. Now it is normal corrections.

You mean those peak times has finished and there will be next to it? This is normal correction but this prediction is giving everyone a doubt that bitcoin can recover from this correction.

Labeling it a "strong" correction. We all know what's on their mind and that is to manipulate the market by giving false claim and negative prediction.

[Tylev]

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

After the last December such a blue and long correction, with which the crypto currency has not completely come to an end, a new drop in the market by 90 percent is very unlikely, one can even say that it is impossible. Moreover, there are no grounds for this. Here, too, there is no reference to the analysts' opinion about such a new fall of the crypto currency, so this news should be considered as fictional. Probably, people have nothing to write about, and they spread various sensational inventions.

[Vinalians]

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

If you are just searching for more information regarding the strong correction and the decreasing of bitcoins price and any other cryptocurrency you should research more about it and not just basing in one article that doesn't seem true. Government even CFTC and SEC can't control the value of crypto's

[expless]

no matter the bitcoin will fall in value by up to 90% in the next 12 months, this kind of news is no stranger to hear, it's done so everyone feels panic. if we are true crypto lovers, we must ignore such news. Bitcoin will continue to grow even though there is always a correction in market prices.

Up and down is part of business and especially in cryptocurrency business. A good and experience businessman will suffer big dump in the price because he knows that this is just a matter of time and after some time it will grow again. This is called business. Panic people cannot invest in bitcoin, because such investor can lose all or some of his money.

[Digital_Lord]

I think have seen something similar to that before 🤔 and that was in 2017, so why are they repeating it now? Or is this just a FUD? Are they just reposting something that has happened just a long time ago to make the price of Bitcoin and other cryptocurrencies fall again? Well there is no problem, I’m ready for it. If price starts to go down like they said, I will withdraw my money and wait till everything gets better. But that won’t happen, I believe.

It will suffer more because the huge pump is now reducing and coming to its normal growth. People call it corrections but I think it was necessary to stop unnatural growth. Such currencies disappear after some time which is not according to their market value, but bitcoin is now on the right track. Now people are happy with this growth.

[BillCoin]

Seems like the recent drop in bitcoin's price was because of law enforcement going against the biggest Korean exchange Upbit.
More info can be found here:

https://www.bloomberg.com/news/articles/2018-05-11/cryptocurrency-exchange-upbit-raided-by-south-korean-authorities

This exchange was one of the biggest for altcoins trading and that's the reason most of the altcoins are down about 20 percents or more in the last week, people who was invested in bitcoin only didn't really feel the drop as bitcoin went down only about 10% which is not huge compared to altcoins.

[The_Dark_Knight]

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

A crash over 90% after we already had a crash close to 70% will mean that most coins will go very close to zero and to be honest I do not see it, even if just the people that are here in the forum did not sold our coins I think that will be enough to avoid such a crash but if you believe so strongly that is going to happen then short bitcoin or other cryptocurrencies and earn a fortune that way.

[jvdp]

Seems like the recent drop in bitcoin's price was because of law enforcement going against the biggest Korean exchange Upbit.
More info can be found here:

https://www.bloomberg.com/news/articles/2018-05-11/cryptocurrency-exchange-upbit-raided-by-south-korean-authorities

This exchange was one of the biggest for altcoins trading and that's the reason most of the altcoins are down about 20 percents or more in the last week, people who was invested in bitcoin only didn't really feel the drop as bitcoin went down only about 10% which is not huge compared to altcoins.

Still we have positive news also back to this. I do not why we see the bitcoin price started falling for single bad news and why not we missed to see the bump whenever we see positive adoption.
Newbie investors really does not what is happening in the market and selling it with panicking.
To say exactly we lost around 750 USD and more mate.

[Arkham Knight]

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

90%? more like 1000% FUD detected. This is another outrageous attempt to crash crypto and it felt like this is going on for a thousand times or more than that. Crypto will moon and it's going to be more epic this time.

[MGBloomz]

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

oh it's now 13 of May and I did not hear any updates from that meeting it seems this is just a FUD that nothing as spreading fake news to distract crypto investors and even if they will release a regulation they can't control the growth of cryptocurrencies.

[posi]

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

oh it's now 13 of May and I did not hear any updates from that meeting it seems this is just a FUD that nothing as spreading fake news to distract crypto investors and even if they will release a regulation they can't control the growth of cryptocurrencies.

Well, not all cryptocurrency web or blogsite news are genuine cause some are posting in other to manipulate the market by posting series of FUD. However, the bitcoin market is not looking good, could it be the GOX trustee flooding the bitcoin market things was the cause?

[leea-1334]

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

After the last December such a blue and long correction, with which the crypto currency has not completely come to an end, a new drop in the market by 90 percent is very unlikely, one can even say that it is impossible. Moreover, there are no grounds for this. Here, too, there is no reference to the analysts' opinion about such a new fall of the crypto currency, so this news should be considered as fictional. Probably, people have nothing to write about, and they spread various sensational inventions.

Actually,,, I somehow missed reading the whole content the first time I read this article and was only focused on the supposed SEC meeting about Ethereum as a security. I do not think any analyst can say what will happen, especially in such a short timeframe of 12 months,,, but I would agree quite wholeheartedly that even if 90% of cryptos collapse to 90% or worse, I would be happy. Because I still have most of my holdings in Bitcoin, and I have faith in the few alts I truly hold. So, this is all good news to me.

[Titus Maximus]

Currently, the cryptocurrency market is in a difficult period when most of the coin falls sharply, although I still believe that this difficult period will soon be over because I believe in the potential of the market. this in the future. Determine long-term investment with this market so you do not have to worry too much when the market fluctuates.

Why you are saying it is difficult mate. I see decent growth when we comparing last month to this month. Really worst to see the answer without analyzing the data properly.
Please try to check the CMC always mate. There you could neat chart whether the value bumped or not.
If you think still market fluctuates and being not stable. First understand crypto currencies are volatile in nature itself.

Indeed we saw a nice recovery from the last month to the current one but people have to learn to be a bit more patient or don’t fall for every bit of bad news that often turns out fud as the SEC “decision” on Ethereum that never took place. Also you should not only look on CMC but do more background research, when I see people busy with Crypto in my office I mostly see them looking at chart, rarely reading a whitepaper. If you have to look at charts and are not a day trader then use a wider filter like 7 day instead of 24 hour changes. Better for your mood too, at least until we get in a real bull run.

[audaciousbeing]

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

This report is a contradictory one. The first paragraph about the prediction of collapse while the other is about boost confidence in the crypto industry because by virtue of mere being talked about for a decision to be made, is worth mentioning as a boost and whether the decision would be favorable or not is another thing entirely.

Predictions come and go, now this set of analysts are predicting that over the next 12 months which is 2019 that price are going to suffer a huge dip and some set of other analysts also believe that from next month, the price of crypto would start seeing some upward trend and May will be the end of this low prices across the market. While people and enthusiasts are quick to relegate the former to mean FUD, I can say the latter is not any different. What makes the difference is those of us who use the information and chose to believe what we wanted and make a decision based on that.

[Bestpromoter]

Even if they are the biggest organization in the world they can't control the value of bitcoin because all of the people who are using bitcoins are the stake holder and no one can say that in the future the value of it like that. Only time can tell to us what will happen in future.

[Findingnemo]

Even if they are the biggest organization in the world they can't control the value of bitcoin because all of the people who are using bitcoins are the stake holder and no one can say that in the future the value of it like that. Only time can tell to us what will happen in future.

If the price of the bitcoin is very low then the investors needs to hold on that is the way to make the value increasing so make a little patience and wait sometimes then it will be normal soon.

[Mhd-Bobbi]

Cryptocurrency itself is a term for virtual currency that uses encryption to verify every remittance unit among users, as well as manage the release of new currency units. This virtual currency operates independently without central bank intervention.

Besides Bitcoin, there are actually many cryptocurrencies circulating around the world. In November 2017, there were over 1,300 cryptocurrencies recorded.

we try to summarize some of them, which is also the most valuable virtual currency (market capitalization) today.

[olubams]

Strong correction I believe is an overrated term. Yes there would be correction which would likely drop the price beyond what we are having currently but a strong one would mean a crash in price which is way out of line at this time. Analysts would say things for them to cotinue to be in the news. Only if there is a way to punish people if there predictions fail to hempen after a specific period of time, it would have reduce all of this not so thoughtful predictions.