Bitcoin Futures Killed the Strong Rally in Early 2018 ???

in #mgsc6 years ago

Screenshot_20180703-205307.png

Hello guys

It is a opinion by professional "bitcoin futures market ultimately led the cryptocurrency market to crash and record the third worst correction in its history."

What do you think about it ?

Late last year, the cryptocurrency market reached its all-time high, surging to $900 billion in valuation. The price of bitcoin, the most dominant cryptocurrency in the global market, achieved $20,000 and the price of ether broke $1,400. But, in January, the price of cryptocurrencies started to drop, eventually recording a 70 percent correction within a seven-month span.

Many analysts in the cryptocurrency space have also offered contrasting insights into the futures market and its impact on the cryptocurrency sector. Some have claimed that due to the fixed amount of long and short contracts that exist in the futures market, it is not possible to manipulate a market that is worth a few hundred billion dollars.

What do think how much can be correction in BTC ??

Or

What do think how much price of BTC goes at this year ??

News source www.CNN .com

Sort:  

Those who have invested in Bitcoin have no choice but to mislead them. Because at the end of 2017, Bitcoin's value had increased so much that he had bought him emotionally, and he had a lot of losers, and one of them, but the price would increase in 2019, and do not hesitate

Yes
You are right

greate article bro thanks for share info

No worries it will rise for sure and cross its ATH.

Future will be great for sure. It's just a correction an may last for long time but when it starts it's ride .just need 1 month for ATH.

Dead right, as soon after it over, we've seen a spike in the chart of almost all the cryptocurrencies and if we follow the top crypto professional, by this year end, it may cross $50,000.

do revote and comment

Really helpful post for us keep it up

Nice Article.

Coin Marketplace

STEEM 0.21
TRX 0.20
JST 0.034
BTC 99331.95
ETH 3298.98
USDT 1.00
SBD 3.05