Daily: Market Dips / FUD from India and Binance

in #bitcoin7 years ago

Market Drops following news from India and negative media reception.
1:09 Market continues to slide
4:32 India does not consider cryptocurrencies as legal tender
7:38 Binance fully blocks Chinese IPs
8:36 Should we care about the market bull?

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good blog box

Considering what Modi's government did in 2016 when they abruptly removed the ₹500 and ₹1,000 banknotes, which caused chaos across the country, I would not be surprised at all to see a similar approach taken by the Modi government when it comes to crypto.

yeah... they are going "Digital" money + "State-crypto" money by force. Whether people like it or not.... What a typical behaviour of Government :/

I do not agree with opinion, but I see it as negative news for all, but there are people who scare everyone and after the strong fall of the market comes the entry of whales of the market to re-raise prices and win and thus continue the film

Very good and essential news.

To those who are still positive about cryptocurrency, this could be the best time to buy and hold. While for those who are not really into it, time to abandon and look for opportunities elsewhere...

The speculative money left cryptos, and the whole noise went with that type of money.
What we see now, are the real prices, not pumped, not raised by whales or any other speculative way.
So "cowboys are gone", time to invest for longer term once again.
This was a good correction.... not for Bitcoin, but for most other good projects.
Think about this as: Juanuary SALE, when after December all went on SALE 50% :)

Nace!

You are right, we have a bearish behaviour througout the last weeks. And a lot of people I know are really concerned. Also the fact that btc price action has fallen under 10,000 USD, has caused a lot of FUD.
You are right, it is really hard to evaluate the value of cryptocurrencies and to peg a price onto it. However, this is also a cause of concern of those having bought cryptos at a time of probably inflated prices...

Thanks for pinpointing the source of the FUD to the Tether reports, to negative media coverage especially in India and to current actions from Binance.

It is encouraging to hear that there are still a lot of people being motivated to work for the advancement of cryptocurrencies at the devcon!

I live in China, I don't use binance, but I have problems accessing Bittrex without a VPN. I'm not Chinese and I legally (as well as illegally) use a VPN in China.
I'm also wondering why no one is hyping up "LINE" getting involved in crypto, to me this is huge.
Personally I agree with you hard to know when the dip will end and when to buy, I generally agree with your opinions based on the dips.
I'm concerned its still dipping, what I'd like to hear from @boxmining you is what do you think of this flippening concept everyone is talking about? I haven't heard any credible sources talk about Ethereum taking over as #1 as BTC continues to fall but personal circles I'm involved in are all saying Ethereum is going to take over. In my opinion if it does it can only be a short term thing (whatever short term means) There's no with an unlimited supply of ether it can stay number 1 and continue to grow the way it is... or can it? what do you think? Or anyone else who has an opinion on this?

I think Ether might take the lead in volume for a while..how long is anybodies guess, but there are BCs like EOS and others that can perform the same functions, only faster, that are heading into the market.

Which one of these will be the most popular remains to be seen!

Looking for deals. Buying them dips. dips.png

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