current situation of cryptocurrency for 2018

[manfredmann]

Cryptocurrency for 2018 is not really good. The market price for bitcoin and other crypto in the market are free falling and does not play a major market price increase since the highest peak market price for bitcoin hit on last december 2017. Thus, I am looking for some reason on this why this happen to cryptocurrency market and the real situation for cryptocurrency.



Basing on the graph it seems that market price for bitcoin stabilizes and eventually fall. The investors were withdrawing their investments on bitcoin for a certain reason and that is the cryptocurrency regulations. The blog from advisor.lk which has been posted by their staff writer stated that the current state of the cryptocurrency is not so good for the current owners as the currencies free falling since January 2018. , The blog stating the multiple reason for this and thus reasons for the decreasing trend and the major factor considered to be the government regulations on the cryptocurrencies, due to the various regulations imposed by the Chinese, Japanese and Korean and other governments resulted in major steep fall of cryptocurrencies.

The blog were talking about also with the two reasons for the government regulations, one is cryptocurrencies lack intrinsic value and governments view private currencies as a threat to their sovereignty.

Probably we could not expect bull run for crypto in the year 2018. We should not hope and expect for it to happen.

Reference: http://blog.advisor.lk/wp/2018/04/12/crypto-currencies-what-is-the-current-situation/

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[charlotte04]

Cryptocurrency for 2018 is not really good. The market price for bitcoin and other crypto in the market are free falling and does not play a major market price increase since the highest peak market price for bitcoin hit on last december 2017. Thus, I am looking for some reason on this why this happen to cryptocurrency market and the real situation for cryptocurrency.



Basing on the graph it seems that market price for bitcoin stabilizes and eventually fall. The investors were withdrawing their investments on bitcoin for a certain reason and that is the cryptocurrency regulations. The blog from advisor.lk which has been posted by their staff writer stated that the current state of the cryptocurrency is not so good for the current owners as the currencies free falling since January 2018. , The blog stating the multiple reason for this and thus reasons for the decreasing trend and the major factor considered to be the government regulations on the cryptocurrencies, due to the various regulations imposed by the Chinese, Japanese and Korean and other governments resulted in major steep fall of cryptocurrencies.

The blog were talking about also with the two reasons for the government regulations, one is cryptocurrencies lack intrinsic value and governments view private currencies as a threat to their sovereignty.

Probably we could not expect bull run for crypto in the year 2018. We should not hope and expect for it to happen.

Reference: http://blog.advisor.lk/wp/2018/04/12/crypto-currencies-what-is-the-current-situation/

You can see it as not good because it has fallen roughly from its all time high, but if you think creatively, the price of Bitcoin is still greater than the past price of it for the last 3 years.

[The Sceptical Chymist]

but if you think creatively, the price of Bitcoin is still greater than the past price of it for the last 3 years.

That's basically how I view it.  I got into bitcoin in 2015 or so, and I clearly recall it falling below $200 following some news about major retailers beginning to accept it (I think it was mainly Overstock.com).  And then after that it stalled for months around $420 before finally rising, eventually hitting $20k. 

Bitcoin isn't in "free fall" by any means.  True, it did crash once it hit $20k but right now the price isn't anywhere near where it was when I started buying it.

As for the rationale of government regulations in China, Japan, and Korea causing the market to do what it's doing, I wouldn't argue that this couldn't have an effect.  However, even though those 3 countries are huge in the bitcoin world, they're only 3 countries out of over 200 in the world.  I'm always skeptical when news articles try to explain market movements, because often the writers are grasping at straws.  Sometimes the market moves the way it does without any clear reason

What I think is that the market has stalled because there hasn't been much in the way of good news lately.  If the US gov't approved the bitcoin ETF, I think that would have had a dramatic effect on price, but as of now that's still in limbo.  But ultimately I'm not unhappy with bitcoin being in the $6-7000 range. 

[virendarnagpal]

Downfall of the price of crypto / bitcoin not just depends upon the negative sentiments.  But also greed of the people.  I think people were so greedy that they wanted to become rich overnight.  They were buying at every new heights.  Big speculators / whales when succeeded in their intention earning and earned a lot, they pulled their presence away from the market.  So market fell on the grounds.  And most of the new entrants to the market; burnt their fingers.  May be the price goes and touches the old levels; but the time can not be declared that how much months it will take.  

[DeadCoin]

Current situation is not for cryptocurrency from 2018 starting itself there is no significant growth in bitcoin. Again and again the price is falling and it makes bitcoin holders panic.

[1Referee]

The blog were talking about also with the two reasons for the government regulations, one is cryptocurrencies lack intrinsic value and governments view private currencies as a threat to their sovereignty.

Regulations have nothing to do with the current market. Back in the days we have had a bear market very similar to the one we're going through right now, and regulations weren't even a thing for the most part. That also goes up for those who think the futures are the reason the price has been tanking, they aren't because in the same way, we didn't have these futures either back then.

People need to acknowledge, and more importantly, accept that this market cycles through its phases much faster than regular markets, and that even Bitcoin has to deal with bear markets and periods of very low demand. Bitcoin isn't a moon rocket, and while it may sound odd, a lot people really think it is.

Intrinsic value...... The never ending debate people won't ever agree on with how much of a personal thingy it is.

As far as private currencies go, they will be outlawed within the next couple of years. Japan is one of the first examples of that.

[sakrosak]

I know bitcoin is no less than 1 year, and the price reduction of $ 20k to date has left a tremendous sense of disappointment. there is nothing I can do except wait for the bitcoin price to recover.

[maarx]

There is nothing to panic or get worried of. If you know crypto's nature, none will get frustrated seeing current situations. Just compared the first three quarters' growth trend with each year gone in the past. You will be surprised to see 2018's value being stable not falling back below a certain threshold. And this is what we need. Such growth trend will certainly make this much stronger down the line. Instead of having a quick pump and dump, its good to have a stable growth with values not falling below a certain level. Lets use this situation to buy coins instead.

[supermine]

If there is no sign of bull run in 2018 then you have some more time to buy the crypto currencies at cheaper prices,just make the positive thinking about the cryptos and it will leads to the bull run in the near future.I am also understand that there is no sign here so it is better to make backup plans before or now if there is some further loss.

[mcTether]

The year 2018 has actually had it very rough in cryptocurrency. But there is still hope. Maybe the remaining 3 months can make some difference.

[Harlot]

If you look at other markets particularly the stock exchanges of countries and the foreign exchange or even the commodities market you will see that the prices are really down so this is not only happening in the cryptocurrency market, we might even call this a minor recession compared to what we have experienced way back 2008. But like any market cycle this will come to an end as this is just timing partnered with some major world events which will all pass in time, we just have to be patient for the next bull market to come.

[Dukjila]

I think the real reason why BTC prices fall is to manipulate the value of Bitcoin, since this greatly influenced the trust in Bitcoin.

[mostkey]

Indeed, price reduction has been a hot talk for everyone, I strongly agree that the decline applies to the market that is happening now, maybe it is the character of the market that there can be an increase or decrease, there really is nothing to worry about. under conditions of legality still have not found a turning point for cryptocurrency after the hype at the end of 2017, which I believe that the market will return well over time, whatever happens Bitcoin has achieved good after a few years of course with its value soaring, most people lose are those who entered this year.

[Taki]

Bull run definitely will not happen. Only two months left till the end of the year. How many optimistic prognoses we saw this year?! Nothing happen. By the latest expert opinion we are in the middle of bear market, so changes happen only next year.

[MULTIK888]

What we are seeing now is a normal phenomenon due to the rapid growth of bitcoin in 2017. The trend can not be constantly upward, especially with such growth rates. in 2017, bitcoin has grown almost 20 times and now it is logical that there is a protracted correction. In 2013-2014, bitcoin fell in price for almost 2 years, but this did not prevent it from making a breakthrough to $ 20,000 in 2017.
Most likely, the price should still adjust and in 2019 we will observe further growth of the first cryptocurrency.
Talk about the bigger picture.. the price still goes up, of course if you went into the market at the peak for you all bad, but many are watching bitcoin from 2010 and later, and for them the market is positive.

[usekevin]

If you compare the current situation,the price is seems to be not increased. But compared the price of bitcoin overall this year . It's just show,the fluctuations in the price of bitcoin.And many new entry of trading leads to some panic selling.This some of the panic selling caused the price fluctuations often in cryptocurrency.My suggestion for new investor is ,have to hold your valuable bitcoin.

[Jating]

Year-to-year bitcoin is still up. So I don't understand why people are still bitching around about the current price of bitcoin. Well we do reach $19k last year but its fairly to say that it was already bubbled. For this year though, yes regulations are all over but I don't think that its one of the major reasons for the dramatic fall.

For me investors are really getting smarter this year and doesn't want to FOMO and those who FOMO last year specially newbies have lost huge amount already and not willing to take the risk. With that said, let not hope for a bull run but instead should look to take advantage of the bearish trend/dips by buying more coins and wait what 2019 can offer to us.

[Lighthouze]

Year-to-year bitcoin is still up. So I don't understand why people are still bitching around about the current price of bitcoin. Well we do reach $19k last year but its fairly to say that it was already bubbled. For this year though, yes regulations are all over but I don't think that its one of the major reasons for the dramatic fall.

For me investors are really getting smarter this year and doesn't want to FOMO and those who FOMO last year specially newbies have lost huge amount already and not willing to take the risk. With that said, let not hope for a bull run but instead should look to take advantage of the bearish trend/dips by buying more coins and wait what 2019 can offer to us.

You've hit the hammer right on the head. Those who got into crypto quite early, I mean those who bought Bitcoin around 2015 or earlier would not be bothered the current prices now, as they're still in very good profits. However, the current situation with regards to the prices is just a reflection of investors awareness and carefulness and like you've already pointed out, they're now smarter, some of them are still hodling from $20k they bought last year. Those who didn't FOMO are being very careful not to be victims too.

[Globalbitcoinl]

I also believe that people are not yet ready for the growth of cryptocurrencies. the whole year has passed in anticipation of growth, and many are still not disappointed in the cryptocurrency, but the growth will occur only at the moment of disappointment

[ylnar123]

Cryptocurrency for 2018 is not really good. The market price for bitcoin and other crypto in the market are free falling and does not play a major market price increase since the highest peak market price for bitcoin hit on last december 2017. Thus, I am looking for some reason on this why this happen to cryptocurrency market and the real situation for cryptocurrency.



Basing on the graph it seems that market price for bitcoin stabilizes and eventually fall. The investors were withdrawing their investments on bitcoin for a certain reason and that is the cryptocurrency regulations. The blog from advisor.lk which has been posted by their staff writer stated that the current state of the cryptocurrency is not so good for the current owners as the currencies free falling since January 2018. , The blog stating the multiple reason for this and thus reasons for the decreasing trend and the major factor considered to be the government regulations on the cryptocurrencies, due to the various regulations imposed by the Chinese, Japanese and Korean and other governments resulted in major steep fall of cryptocurrencies.

The blog were talking about also with the two reasons for the government regulations, one is cryptocurrencies lack intrinsic value and governments view private currencies as a threat to their sovereignty.

Probably we could not expect bull run for crypto in the year 2018. We should not hope and expect for it to happen.

Reference: http://blog.advisor.lk/wp/2018/04/12/crypto-currencies-what-is-the-current-situation/

You can see it as not good because it has fallen roughly from its all time high, but if you think creatively, the price of Bitcoin is still greater than the past price of it for the last 3 years.

Right, the price is still high even from the start of 2017. So for my own point of view, it is better to keep calm and wait for another bull run.