Why are the cryptocurrencies crashing in 2018 after Jan7 ?

in #blockchain6 years ago (edited)

Cryptocurrency seen their golden growth age, as per estimate since 2010 to 2016 means in 6 years what growth Crypto world has witnessed its 10 times more than that growth it has achieved in 2017...!

The real reason is that only as growth comes eye balls for cryptocurrency increased which means more dollars $$$ and let me tell you who is biggest competitor of the crypto world - its predators non other then Banking system and current monitory system globally which is biggest hindrance/blocker for crypto world.

So, 2018 has seen too many countries came up with mindless policies without understanding technology behind cyrptocurrency which is bi-product of 21st century revolutionary technology blockchain. Unnecessary road block has been created around thee globe by current banking system by creating false news, scam fear, portraying scary image of Cryptocurrency because they don't want their predated monitory shop to be moved in light of bright sun blockchain and cryptocurrency stars.

Where some of the dwindling economy has seen opportunity in Cryptocurrency and blockchain like UAE, S. Korea, Japan, Venezuela, etc and they quickly moved towards another revolution which I will say 2nd revolution in modern world after Internet which I treat as 1st revolutionary innovation of modern world.

I tried to put SWOT analysis of the Blockchain and Cryptocurrency, due to so many hyper execrated scary news and most important money laundering, black money, compliance, guidelines, rules, tax all rubbish news has caused 2018 1st half bad time for Blockchain & cryptocurrency dawn age. Let e confirm that no matters what shape or size Crypto currency will have in future but its Blockchain will be king of this century and days are not far when you will see everything digital in current time will adopt Blockchain from Facebook to Microsoft all have to bend their knee in front of Blockchain else they will be irrelevant.

  • Biggest threat to cryptocurrency is scary/fake/false news propaganda. So in-order to keep yourself aware with st authentic Blockchain & cryptocurrency news I would recommend to have one simple app in your phone Crypto Crunch.
    Crypto Crunch App - Best Crypto News App.png

To keep yourself updated about further prediction of the Cryptocurrency price drop or up, I would suggest to use crypto news apps in your phone to always get 100% correct news and upcoming challenges that you may face while trading Altcoins, like Ripple, Bitcoin, Ether, etc. Download for free - http://onelink.to/ax6vy2

If you are interested to know which coin is best to invest and how cryotcurrency trading can be done for quick profit and money ask me, I will be happy to answer your question.

Sort:  

I don't think crypto has seen all of it's golden age, but agree with most of what you say here.

Read you around.

Thanks man. In my view 2017 was best year since the Crypto beginning and I agree with you that many diamond shining years yet to come. Thanks again for connecting.

I see that you are just starting out. If you have a question ask and if I know you will too. Good luck!

Thanks friend, I would love to have your comment and answers for my questions. I followed you and will have gone through your posted contents and really a lot of things their which I can learn.
Cheers for a good start and have a nice weekend.

Coin Marketplace

STEEM 0.22
TRX 0.20
JST 0.035
BTC 91483.13
ETH 3152.10
USDT 1.00
SBD 3.10