IN CRYPTO MARKET BITCOIN PRICE DROP ,HACKS AND FEC REGULATIONS MAY BE CAME..

in #mgsc6 years ago

Firstly , watch the market of bitcoin....

  1. this week bitcoin is down 8% continuing ..almost drop 20% over the last month. yesterday ,bitcoin price hits lowest support level 5750$. Main Cause of down BTC is analysts draw the camparison to 2014. when BTC experienced 80% correction in BTC. Mt. Gox liquidification over for 2018, Mt. Gox exchange said that they didn't sell any bitcoin untill

2.This week ethereum is down 11% .cause SEC ruling that Ether does not constitutes a security. This drop follow a pattern observed by analysts many past time . wher altcoins mirror BITCOIN with more exaggerated moves.

  1. This week entire market cap is also down 13% . Anylasts have blamed main net launch and recent criticism over EOS constitution and how centralisedit is. and 34 accopunt have frozen due to phising.

BITCOIN BULLS:-

  1. eToro CEO compare crypto to 2001 Apple following a trnd of major investment comparing Bitcoin Bubbles.

  2. Fund Manager bullish in antipation ofcustody-
    Kyle Samani made a predict to boolmerg it would be hit a 25000$..Kyle Samani is Managing Partner of multicoin
    Capital.
    Charles Hoskinson has predicted it will be trimillions . Charles Hoskinson is co-founder of ETHEREUM and CARDANO.

  3. Bitcoin will be hits 60000 this year Accordig to Blackmore Group CEO Philip Nunn. Now a days market will be volatile...

REGULATION:-
South Korea fear regulation will "legitimize market".
Director of KFIU confirmed that goverment delayed regulating cryptocurrency for years. AT RESCENT meeting of advisory Policy.

HACKS :-

  1. In china, Over 100,000 internet cafe computer have infected a malware.
    This malware runs at high speed resulting in higher electricity costs and Computer become unusable. Many arrested
    in the cases of stolen $1 million stolen of Siacoin Cryptojacking attack.

  2. Korean Exchange BITHUMB has been hacked in 3 times in past one year.

  3. Blockchain Researcher predicts EOS will lead to "Massive Exchange Hacks".
    Cornell professor Emin Gun Sirer has predicted that vulnerability in EOS, caused its centralisation.

ADOPTIONS:-

U.S. Senate Candidate Austin Peterson was to return a 130,000$ Bitcoin donation.1062080209.jpg

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good post upvoted!!
hope you will do the same.

Will get crypto legal in india dont worry

i am waiting ..

Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
ADACardano0.131$3.62%-17.65%
BTCBitcoin6162.990$4.39%-4.89%
EOSEOS7.955$8.01%-22.91%
ETHEthereum452.500$1.35%-9.01%
SCSiacoin0.010$4.34%-15.07%

Follow me and vote

fantastic work @sonu789s and i upvoted your post hope u do the same

I believe Indian government won't ban crypto but they will soon regulate it, hope for the best :-)

India soch raha hai keya kare ga.....