Regulation and crypto currency crash


#1

Hi to all.

I have read a bunch of stuff regarding this regulation part and i have one “simple” question.
Let me rephrase that, i would like to hear your comments and ideas…

Let’s say China completely bands use of cryprocurrency in next month or two.
In my opinion, this should not effect market so much because most of them are miners and small btc holders (imho). USA, South Korea and EU are still biggest holders of BTC.

Anyways, if BTC drops under 4K, is it possible that crypto market will completely crash till 2019 ? I know it’s hard to elaborate on this but further i read and listen to experts in this field, it looks like that this could be end of crypto currency.

Of course, nothing of this should be true but if it comes to this, what do you think, is this what we are facing ?.

Regards !


#2

This is only my opinion, but why should this by the end of the-crypto currency, just because BTC or any other coin goes below a certain threshold?
I’m with you when you mean it could be a strong reduction of wild-west gambling and trading, and maybe also some weakly funded crypto-startups. But the well funded and roadmapped projects should be able to continue developing their real-world use case functionality. CryptoKitties, DAO-hacks, block-size forks and a lot of other 2017-events clearly showed there is still a noticeable way to go. People who want reach the moon ASAP don’t like this


#3

We can say that BTC isn’t effecting ADA ( and others not BTC bonded coins ) but as we can see, it’s effecting very much. So, logical conclusion is that if the BTC falls under 4K, that most of altcoins wont “survive” or if they will, they will rise very, very slow.

Which on that other hand, is very tricky because maybe they wont rise at all…

Regards !


#4

I don’t see any problem with the relative value. The only problem for every currency (whether crypto or not) is when it becomes and remains volatile. Volatility can be prevented with real world use cases, lowering the relative amount of gumbling money put in (and out) by the moneymooners.


#5

I think most of them will not survive anyhow so who cares? And what’s the timeline you are thinking of? Weeks or years? If you think in years then the actual crash just doesn’t matter at all. And in some years bitcoin will not define any more the ups and downs of all the other currencies. That’s just a childhood disease of a illiquide market.


#6

BTC is Vital to crypto because of the following -

Fiat to Bitcoin - Its a gate keeper

BTC to alt coins - Its a gate keeper

Largest Market Cap - Its the core of the community & the reason we’re all here

With that said, if We can go fiat to crypto & get exchanges to go ADA to other alt coins . . . the whole game changes!!!


#7

When Cardano is finished, I believe it will become another gate keeper. I see the gate keeper as a graduated status!


#8

I think most of them will not survive anyhow so who cares?
*** Of course, if would be good if 30% of them drops but this will not happen.
But, lets go back to BTC… As you can see, after each fall, BTC rises again but very slowly.
In fact, each time slower then last. According to this, it’s logic to see that other coins will have the same future.
OK. there may be some changes in the leadership and BTC may drop out from the game ( some renominated company’s have stop to trade with BTC, in the last 2 months ). Maybe ADA will take the leadership, who knows…BUT, if the BTC drops or fails out of the game, i think we can wait years ( at least 10 or more ) till the market reorganize itself and when everything returns to “normal”. In other words, we can await great prize drops and loses… Normally, no one can predict and this is just IMHO.

@JamPhish

  • i second that because this is healthy thinking :slight_smile: I just think what can happen if the BTC drops under some "standard " value.

#9

encos https://forum.cardano.org/u/encos
March 28

I think most of them will not survive anyhow so who cares?
*** Of course, if would be good if 30% of them drops but this will not
happen.
But, lets go back to BTC… As you can see, after each fall, BTC rises again
but very slowly.
In fact, each time slower then last. According to this, it’s logic to see
that other coins will have the same future.
OK. there may be some changes in the leadership and BTC may drop out from
the game ( some renominated company’s have stop to trade with BTC, in the
last 2 months ). Maybe ADA will take the leadership, who knows…BUT, if the
BTC drops or fails out of the game, i think we can wait years ( at least 10
or more ) till the market reorganize itself and when everything returns to
“normal”. In other words, we can await great prize drops and loses…
Normally, no one can predict and this is just IMHO.

@JamPhish https://forum.cardano.org/u/jamphish

  • i second that because this is healthy thinking [image:
    :slight_smile:] I just think what can happen if the BTC drops under
    some "standard " value.

I Agree

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