2017 was a great year for Cryptocurrency. Almost all coins have shown fantastic growth. Though Cryptocurrency Market was dominated by Bitcoin. Bitcoin was the center of All coins. This brings lots of media attention. More and more people are becoming interested about Bitcoin and Crytocurrency.
Most of the online teacher who basically teaches SEO, Make Money Online type courses suddenly turn into a Cryptocurrency superman. Anyway, They also creates some buzz around the crypto world.
We thought that 2018 would be same as last year. Unfortunately, Bitcoin and other altcoin loses more than half of its value from its all-time high. That was not the case. We have experience negative price movement at the end of last year due to Chinese Ban on Cryptocurrency exchange and ICO. After that Crypto market moves non-stop in a positive direction
This year started with South Korean FUD. It is rumored that South Korean Government is going to Ban Cryptocurrency exchange. Investors becomes panicked and sold their coin. Though South Korean High official clarifies the issue of cryptocurrency ban. South Korean financed minister categorically said that they are not going to ban cryptocurrency exchange.
Just a days back, Indian finance minister talked about handling issues regarding Cryptocurrency related illegal activities. Mainstream media reported negatively. Another FUD was spread that Indian government is going to ban Cryptocurrency exchange. All of the combined issue affected crypto market negatively.
What do you think about Crypto market? Why market is down now? leave a comment below.
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Every time a day like today happens in the crypto world, you should do yourself a favor and go watch any of the hundreds of videos of Andreas Antonopoulos speak so eloquently about internet money and #Bitcoin. It will bring you back to the fundamental reason why we are all together in this transformation of financial world.
This is a buying opportunity..... but I would tread lightly. Because Tether and Bitfinix, are a dark factor that can bring the market crashing. It could be another mount gox episode if tether is proven to be a scam. Tether created more than 2.3 billion coins in just 1.5 years..... and ignoring a subpoena. Looks and feel really fishy. I just hope I am wrong, but will have cash on the side...just in case I am right.