is when a price dip is welcomed because it brings the asset more in line with its perceived fair value. You referred to regulatory setbacks but I think these are regulatory steps forward. A lot more money is going to come into bitcoin, bitcoin will go up around 30,000-35,000 this year next couple of years? But that means any whiff of new government oversight can make investors nervous. Ooyala player_id5df2ff5a35d bd032cd5d8 autotrue width1280 height720 Its more than likely at this stage that this is just Bitcoin readjusting and finding its true value after the hype which has resulted in its phenomenal increase in price, but its certainly not good news for new investors. And Ripple started 2017 at less than a penny per coin and ended 2017 at over. This allows people to use them anonymously, which is also why criminals have taken to the online monetary system. I think the regulatory environment is one of a few factors contributing to this correction, which I see as a very healthy correction. For the second time in less than three weeks, cryptocurrencies suffered a major correction. The question is why? The South Korean government did, however, enforce a change in legislation from January 30 which meant only real-name bank accounts could be used in crypto trades.
Imran Wasim, a financial analyst at amsys Group, told. One of the greatest strengths but lurking weaknesses of cryptocurrencies is that they are largely unregulated by governments. He said: It has dropped in price, this is good.
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1 Phillip Alexeev, a cryptocurrency investor and head of growth at Sketchfab, told, mic. South Korean government said it would increase its oversight of the digital currency market by banning anonymous crypto accounts and providing measures to shut down exchanges, if needed. Chuck Grassley and California Sen. Yet investors are treating Bitcoin more as an investment than an actual currency these days. Most people in the crypto industry are confident the prices will settle and readjust to a higher price than currently listed on the markets, with some analysts even projecting massive increases in prices in bitcoin this year. In December, Bitcoin hit an all time high of 19,783 and it looked like nothing could stop the cryptocurrency behemoth.
Bitcoin, but just because I want to doesn t mean it ll ever happen again. So if you are going to buy now. This Is Why, bitcoin, is Crashing.