Crypto Bloodbath continues for further months
Bloodbath started. Don't panic. Wait for right time!
On march 15 bitcoin price has gone below 7800$ and recovered at the end of the day. The crypto market lost a Whopping amount of 53$ billion dollars in one day.Top 10 valuable cryptocurrencies has shown the similar trend since last three days.
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Crypto investors and market researchers expecting this trend to continue for further months after Google announced to ban cryptocurrency advertising on its platform. The ban takes effect in June. Scott Spencer, Google's director of sustainable ads, said the ban was necessary to protect consumers from being scammed. Lot of crypto ads are popping up on different websites and dragging unnecessary attention from common people who do not have any knowledge about cryptocurrencies and there after they are scamming them.
A similar action is taken by Facebook in january 2018 this year to ban crypto ads on its platform.Twitter CEO Jack Dorsey has yet to comment on the Google/Facebook crypto smackdown, leaving many to wonder what he will do on his massive social media platform.
I urge every crypto investor to exit now and buy in dips after some months when uptrend starts or when a news comes in favour of Crypto world. But definitely there is lot of potential in this crypto idea and its craze further increases in further years.Understand the reason for everything and then invest
Bitter truth of Crypto world is in this image...So Please invest wisely, don't be greedy, control your emotions.
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STOPI have some crypto coins but in a doubt whether to hold or sell. I'm thinking crypto world becomes more stronger after the release of such statement from google
I suggest you to sell them now and buy once the increasing trend starts. Though I'm not sure whether it shows uptrend or downtrend even after so much research because it is believed that 40% of the bitcoins are held in hands of only 1000 people. So they may be controlling the markets and making people believe that down trend is due to the statement released by Google. Final decision is up to you. I suggest you to take capable risk
Good thinking, I do hope its up from here but more sales could be good
And also if government starts involving, then there will payment of taxes, lots of regulations and so on..but no doubt , crypto idea is good but overvalued..Bitcoin cannot be 10000$ or 20000$ whatsoever and it is a not a feasible option for exchange at such high price...may be all cryptos come down in future with people getting awared and government intervention
Miners have been taxed and the irs has been taxing crypto like stocks since 2014 its just very few include crypto earnings.
Yes...and again this irs is difficult to understand and don't know how effective it is.
Yes! But we cannot really say anything as of now. I have seen yesterday that US government has started a regulatory body to check genuinity of the ICOs because most of the companies are starting icos and cheating people and they don't want list their companies on stock exchanges because it requires a lot of paper work. This news from Google, Facebook and formation of regulatory bodies result in panicking situation and market will be on pressure..