Why Crypto Currency Dropped Again and Again?

• I am Mike Chang, I have 8 years of experience in Crypto Market. According to the current scenario of the new upcoming Era, one thing that comes into mind is that there is no global acceptability of crypto currencies.

• Many countries in the world are already running only crypto currency Exchange for the trading purposes while some other are moving towards on crypto currency mining platforms. As per my survey, every month more than 200 ICO’s are launched, but only 10 % of them sustain and thereby the profits are distributed to the people. World’s Top economist expert has predicted the Price of Bitcoin to hit around $50,000 at the end of year 2018 and many others (John McAfee) have even predicted the price to reach above $5,00,000 by the end of year 2020. There is no doubt that Bitcoin will hit this high, but the main point to focus in between this is the issue related with its “Stability.” Talking about the last year only, on Dec. 2017 Bitcoin price sky-rocketed hitting a height at $20,000 but in just two months after that, the crypto market had fallen to about 70% with its worst impacts on the economy of the people associated with it giving a negative testimony, out of which some countries partially or completely banned the crypto currencies.

• Currently people are very limited to using their crypto’s, at the trading platforms (Crypto Exchanges) only. This could be the main reason found in manipulating the crypto community. If people are able to use their crypto’s in their daily routines, this trend of market manipulation could be decreased by more than 60%.

• Even the original idea of Satoshi Nakamoto, The founder of bitcoin’s was to develop a new digital payment system which would be globally accepted as a new mode of payments transfer, eliminating the middle man but currently this motto of bitcoins is altered by the purpose of earning profits through trading margins only.

• Blockchain technology associated with the crypto currency, as well as it is an innovative technology which is fully understood an implemented for new era to give countless opportunities. Our aim of Acceptability lies on increasing public interest and providing them with very same options wisely rather than in the fiat currencies only. We can't prevent manipulation in crypto market unless the acceptability of crypto currency in the global scenario.