The Journey Ahead for Bitcoin and Altcoins and gainers and downers

What a tremendous year-end for Cryptocurrency in 2017 and 2018 promises so much more. However, the cryptocurrency sector has already had some major setbacks within the very first few weeks of the year.

• South Korean authorities apparently are going to ban exchange market due to local high price, speculation, and fear of crime rate increase. However, the bill needs to be passed first in their national congress. Cryptocurrency is very popular among the young demographic therefore, the authorities might end up putting strict regulations around it.

• Coin market cap website excluding South Korean exchange information sending frenzy to the cryptocurrency market worldwide.

• China banning bitcoin mining citing waste of energy and keeping the exchange market on a very short leash at least for now.

• The USA also tightening its grip on the sector especially the privacy side of it while distracting the mass with it trading tax laws.

Roller coaster ride....

The old adage, ‘morning shows the day’ comes to mind thinking the bumpy year ahead for the cryptocurrency sector altogether. It would be irrational to assume anyone made an educated investment in this sector expecting it to be smooth sailing. However, all the resistance to the rise of decentralised currency seems to be have shifted up another gear.

The mainstream media is also hyping it up with all the wrong reasons of this sector in general and the list of famous naysayers are also growing. Recently Warren Buffet has voiced his dire warning against Bitcoin and cryptocurrency in general again.

Warren buffet's dire warning...

I don’t have any particular affinity with any of these coins as I am a day trader and five gainers and downers in the currency market right now are based on their weekly rise and fall. All these coins are from 100 million to billion-plus dollar valuation range.

These 10 coins were the biggest movers in the last 7 days.

Weekly gainers: To most of the speculative investors picking the coin that is going to breakout is like picking a horse that is going to win the race. However, anyone trained and informed in the industry can make some logical choices that will likely bring some short-term gains but the long-term growth prediction is still anyone's guess.

Dentacoin (DCN): The first blockchain solution for the global dental industry.
Market cap: 1 billion+
Current price: $0.003
Circulating supply: 325 billion+
Weekly gain: 417%

Kucoin (KCS): Kucoin cryptocurrency exchange shares.
Market cap: $1.6 billion+
Current price: $17.91
Circulating supply: 91 million+
Weekly gain: 167%

Binance coin (BNB): Binance cryptocurrency exchange shares.
Market cap: $1.9 billion+
Current price: $19.25
Circulating supply: 99 million+
Weekly gain: 112%

Siacoin (SC): Sia creates a decentralized storage marketplace using the Sia blockchain.
Market Cap USD: $2 billion plus
Current Price USD: $0.07
Circulating supply: 31 billion+
Weekly Gain: 97%

VIBE (VIBE): The world first crypto-based virtual/ augmented reality marketplace & hub via web browser platform.
Market cap: $308 million+
Current price: $1.72
Circulating supply: 179 million+
Weekly gain: 472%

In the cryptocurrency market, every coin has its day. What comes up really fast must correct itself for the following few weeks or months, who knows how long. So watch out if you intend to ride the wave.

Weekly downers: A wealthy investor bought 450 million tokens of Ripple for a billion dollars; this news along with talk with a partnership with Visa sent the value of Ripple to skyrocket. It is rumoured that the person is the famous Silicon Valley investor Peter Thiel who is an early investor of Facebook, PayPal, Y-Combinator and many other successful startups. He has sold all of his Facebook shares last November.

Ripple (XRP): Ripple connects banks, payment providers, digital asset exchanges for friction less global money transfer.
Market cap: $68 billion+
Current price: $1.77
Circulating supply: 38 billion+
Weekly down: - 52%

Cardano (ADA): Cardano is being hailed as the decentralised public blockchain 3.0 for its supposed advanced features and a solid team behind it as opposed to Ethereum being 2.0 and bitcoin being the first version.
Market cap: $18 billion+
Current price: $0.7
Circulating supply: 25 billion+
Weekly down: - 42%

Stellar (XLM): Apparently the future of banking.
Market cap: $9 billion plus
Current price: $0.5
Circulating supply: 17 billion+
Weekly down: - 41%

Steem (STEEM): Blockchain based reward platform for content publishers.
Market cap: $1 billion plus
Current price: $4.66
Circulating supply: 246 million+
Weekly down: -36%

Tron (TRX): Blockchain and distributed storage technology to build a worldwide free content entertainment protocol. It recently had few scandal involving the CEO Tron Justin Sun who apparently sold his shares of token. Later he defended himself saying he has not sold his shares. It is rather an early investor.
Market cap: 10 billion+
Current price: $0.114
Circulating supply: 65 billion+
Weekly down: - 36%

With bitcoin hovering near $14K falling from its recent peaks at $23K. The total market capitalization is still growing steadily and more and more ICOs are being launched every day. The quality and valuation of all these coins can be questioned. However, the real downers have been the authorities around the world for the past few weeks.