Fear, Uncertainty and Doubt could hit all time highs after next Bitcoin dump

2018-9-20 11:48

When Bitcoin was on its way to its 20,000 dollar peak, and the rest of the cryptocurrency market was on the rise, many outsiders were looking in wishing they had bought some cryptocurrency earlier.  People were experiencing the fear of missing out, popularly called FOMO.

Now that the market has been way more dump than pump, FUD, or fear, uncertainty and doubt has replaced much of the FOMO.  According to many experts fear, uncertainty and doubt surround the cryptocurrency markets could hit peak levels after the next Bitcoin crash.

Mt. Gox used to be the biggest Bitcoin exchange in the world until they went under after 850,000 of their customers’ Bitcoin were either lost or stolen.  Later, Mt. Gox stopped their operations and filed for bankruptcy in 2014. Mt. Gox’s legal troubles are culminating years later with around a billion dollars in cryptocurrency being released into the wild.

160,000 Bitcoins that have been sitting dormant due to Mt Gox’s failures may now be close to hitting the market and many are fearing this will cause a significant crash.  Mt. Gox has been accepting and review claims of creditors and the payment date could be shortly after the October 22 deadline to file a claim.

Of course, if a slide starts, the FUD could force the price of Bitcoin and altcoins even lower. Just as FOMO sent the market into the overpriced stratosphere, the market could sink in a similar FUD driven way.  The rest of the cryptocurrency market won’t be spared from a bitcoin slide and holders of various coins and tokens all over the world could get nervous and decide to sell.

Aside from the possible Mt. Gox FUDslide that could be on the horizon, many experts agreed that there was a strong resistance keeping Bitcoin hovering around $6000.  A crash below this will certainly cause people to question their investment. But those who firmly believe in Bitcoin and its underlying technology will have an opportunity to increase their holdings.

The post Fear, Uncertainty and Doubt could hit all time highs after next Bitcoin dump appeared first on ZyCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0013111 (-100%)

dump bitcoin fear market cryptocurrency way uncertainty

Источник: zycrypto.com

dump bitcoin → Результатов: 36


Фото:

BitPay Unsure On Altcoins But Optimistic On Bitcoin

The ICO market has been otherwise thriving throughout this year with overall number of projects starting and investment capital profited, it has doubled that of last year by the midway point. While Initial Coin Offerings have brought the passion of those in and out of the industry, mainly over empty projects which have to fill the space and sum to nothing other than ‘pump and dump schemes’.

2018-9-14 14:00


Фото:

Bitcoin Price Analysis: Picking Up the Pieces

Let’s be honest, unless you’re short, yesterday was catastrophic. Bitcoin was just shy of breaking $7,500 and taking the rally up another leg then unexpectedly plunged 13% and now we’re below $7k, again… Bitcoin Price Market Overview Prior to the dump, Bitcoin price BTC/USD was experiencing continued rejections as it approached $7,400 but who would have known the pullback would be this severe? Ideally, after a 27%+ run, consistent rejections signal that bulls are running Read More The post Bitcoin Price Analysis: Picking Up the Pieces appeared first on Bitcoinist.com.

2018-9-7 13:00


Фото:

$800M BTC Wallet Reactivates: Tens of Millions to Exchanges

Speculation has been swirling around a BTC wallet held dormant for over four years that is suddenly showing movement. That it contains something on the order of nearly one billion dollars worth of bitcoin core (BTC) has the ecosystem in both investigative mode and panic, as it could signal a giant dump at the very […] The post $800M BTC Wallet Reactivates: Tens of Millions to Exchanges appeared first on Bitcoin News.

2018-9-6 20:05


Bitcoin Brain Dump by Crypto Legend Charlie Shrem: Present and Future Insights

Charlie Shrem’s Thoughts on Bitcoin – Its Present and Its Future Recently, Yahoo Finance interviewed Charlie Shrem, one of the world’s pioneering adopters of Bitcoin, the first cryptocurrency. The interview, conducted on the MoneyShow conference held in San Francisco, sought to know Charlie’s thought on the current state of the crypto space, as well as […]

2018-8-28 20:32


Фото:

Bitcoin Will Flash Dump then Moon, Says Veteran BTC Analyst Willy Woo

Veteran digital currency analyst, Willy Woo, correctly predicted back in late May, that Bitcoin (BTC) would test levels below $6,000 before any signs of recovery would be seen in the markets. Back then, he did not see BTC holding the $7,000 price level and had this to say: I think we are gonna go to […] The post Bitcoin Will Flash Dump then Moon, Says Veteran BTC Analyst Willy Woo appeared first on Ethereum World News.

2018-8-1 17:13


Фото:

Markets Update: Cryptocurrency Prices Tumble Before the Weekend

Cryptocurrency markets are slumping today as most digital asset markets are seeing losses between 8-20 percent over the past 24-hours. Lots of speculators are attributing the dump to the recent measures taken by Japan’s Financial Services Agency (FSA), asking cryptocurrency exchanges like Bitflyer to make improvements to the Japanese trading platforms’ anti-money laundering practices.

2018-6-23 21:40


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Binance Has No Debt And Assets Are Segregated, Report Says

Binance has been under intense scrutiny since it released its proof of reserves about a month ago. The crypto exchange had done so in a bid to assure users that all deposited funds were safe and that it was not going to collapse like FTX, but this had backfired spectacularly for the company. As the […]

Crypto Exchange Binance Dispels FUD Of A ‘Financial Black Box’

In addition to the macroeconomic headwinds, the Binance rumors and the uncertainty surrounding Grayscale/DCG are clouding the sentiment in the Bitcoin market. In a renewed attempt to dispel the “FUD,” Binance released a detailed report today in which the world’s largest crypto exchange addresses current questions from the media and the community.