Cryptocurrency price correlation vs Regulation

In the past 12 months we've seen how important news is for cryptocurrency, because one lawmaker can make the price double or plummet. We saw that multiple times in the South Korean escapades, as well as China's.

Making the overall sentiment towards regulators, weary- and cautious.

But what really are the correlations? How wild are the swings.

Let's take a look.

even though this slide was correlated with many things, it was also triggered by South Korea's uncertainty, and grips with trying to harshly regulate or maybe even ban cryptocurrency.
In previous years the bounceback occured in Jan still. This year, it was delayed, with the multitude of effectors on the market.

Let's not forget back in 2017, when Chinese government spoke on the terms of ban- which created the 3k dip (compounded with the talk from wallstreet of bitcoin being a scam by JP Morgan and associates)
Only, to have China retort to regulation instead.

Advisor Aviya Arika Head of Blockchain Innovation at Porat & Co. Law Firm said on the topic

“Contrary to what your instinct may tell you, regulation actually makes cryptocurrencies prices flourish.
Regulatory uncertainty, as well as outright bans by governments, have proved to be harmful to the crypto markets.
When an investor/user is not sure about how they are going to be taxed when they sell their crypto, or about the mere legitimacy of their use of crypto, they will most likely steer clear of it altogether or just hodl until further notice. These behaviors lead to a bearish market.
However, when regulators shed light on the way they view cryptocurrency, investors and users feel more certain regarding the way they can use crypto, whether it be as a medium of exchange, a financial instrument or any other form.
Generally speaking, I think that as more jurisdictions regulate and clarify legal statuses of cryptocurrencies, crypto markets will become substantially more stable and widely adopted.”

and, let's not forget the CBOE futures announcements!
Where we all thought crypto was going to kick wall streets ass when they tried to short, boy, were we wrong.
And boy, did they make a metric LOAD of money.
I saw some investment bankers returns on leveraged shorts, and don't think we're alone in the ocean anymore. Because we're not. There are sharks. That also have a battalion of information and disinformation sending submarines, trained in the tactics of guerilla information warfare.
We must keep on our gaurd, filter information, and be ready to learn at any moment in time.
We must build as a community, and share in our ideas and ventures.
We will only make it through to the other side as the original idea of decentralized currency if we stick together on common grounds rather than fight over every detail.

It's time for a declaration of cryptocurrency, and what standards make a 'cryptocurrency' crypto.
Ripple, should not be listed as one.

Hope this edition of Daily Crypto Digest helped out! If you like similar content, and know this would help someone, don't be afraid to resteem! Also, we're getting close to top 20 witness. I hope as a active member of the community you will consider making me your next vote for witness :) see you next time!

Photocredit, and quotes source: www.cointelegraph.com