Global market analysis. [Cryptocurrency]
1) Manipulative information
Bloomberg today concludes that the fall in prices is due to the ban of Bitcoin in Korea. When this is done on purpose in a global assessment of market dump 60% of that figure sounded impressive. Even if it does not say that actually in Korea just a few days, as a full order and transparent regulation occurred. But the important thing is to create a negative background and not say outright that they do.
Recall the current wave began in Asia a month ago with the vague statements of the Minister of Korea that "cryptocurrency is a bad thing and they must be banned". After these words, he is now responsible before the law. Previously this person has sold all their bitcoins, knowing what he says and what happens. His script didn't work, but the impulse was given. People are so arranged that most of them do not like to think, even if you think that on a subconscious level in my head is more of fear than of logic. So the deed is done, the next round of fears is formed, then it should be easy to heat up.
All sorts of stuff on Facebook and Instagram, throw wood on the fire, declaring that prohibit the advertisement of cryptocurrencies. Who cares, really? But these services at the hearing and negativity breaks from them to the people.
Media from time to time throw in a different article of the plan, for example: "Steve Wozniak get rid of bitcoin". Yeah, got rid of, bought for $700, sold for $20,000. These people simply know when to sell and know when to buy again.
Exchange massively closed registration to new users. On the one hand can not really withstand the load. But it may well be that this was done deliberately within the framework of restraining the infusion of new money into the market. Think about it... Manipulators high-level love one stream to achieve the goal, this is their strong point.
Now Minister of India suddenly woke up after a drunken new year's and reiterated that a long time all not news. Officials believe that cryptocurrency is bad and it is necessary to do something. Nothing new, nothing specific, it's not even a sentence, especially not the law, but simply a statement that is repeated ten times in a row. But the media in the case, it serves as a ban crypts in India, the rate again went down.
2) the Fundamental factors
Bitcoin successfully conducted SegWit (which was for many years the main fear) to launch a massive Lightning Network, which will make it much faster, cheaper and more functional.
Bitrex worth all of 250 thousand applications for new accounts, waiting for registration. Binance is only partially provides the ability to create an account. Massively open a service like Robinhood, hundreds of thousands of accounts want to start trading cryptocurrency. Do you really think that the course while such factors have to fall?
Banks worldwide get the ban or restrictions from public authorities for direct involvement in the cryptocurrency market, but are looking to go there in funds, etc., Even Sberbank went through Switzerland, to give clients new tools. This is your sign of a falling market? Or serious anyone thinks. what bankers don't know how to count money?
In the end, we see that there are many fundamental factors to the growth of the market and no real fall. We note a clear artificial restraint of growth. Still think it's just manipulation for the greater earnings of the group of authorized persons. At the right moment they again buy, and will drive the price higher and higher... And so it will continue until it will work...
