How Trashtalking Crypto Founder Caused Crash
In a recent article on Coindesk, it was reported that trashtalking by a crypto founder caused a crash in the prices of digital currencies. The founder in question is Olivier Janssens, the co-founder of the FreedomCoin.
Janssens has been very vocal on social media about his disdain for digital currencies, going as far as to call them “the biggest scam in history.” As a result of his trashtalking, the prices of digital currencies have crashed, with FreedomCoin losing over 50% of its value.
While Janssens may have a valid point about the risks associated with digital currencies, his trashtalking has done more harm than good. By vilifying digital currencies, he has driven many investors away from the market, causing prices to crash.
It remains to be seen whether Janssens’ trashtalking will have a lasting impact on the prices of digital currencies. However, for now, it seems that his comments have caused more harm than good.
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Why is crypto crashing suddenly?
Since the beginning of 2018, the cryptocurrency market has seen a significant decline in prices. The market capitalization of all cryptocurrencies has fallen from a high of $831 billion on January 7 to a low of $251 billion on April 6 – a decline of more than 68%.
So, what’s causing the cryptocurrency market to crash?
There are a number of factors that could be contributing to the market crash, including:
1. Regulatory uncertainty
One of the key drivers of the cryptocurrency market is regulatory uncertainty. When regulatory clarity is lacking, investors tend to flee the market, causing prices to drop.
Cryptocurrencies are currently facing a number of regulatory hurdles around the world. In China, for example, the government has cracked down on cryptocurrency trading, while in the United States, the SEC is increasingly scrutinizing initial coin offerings (ICOs).
2. Negative sentiment
Negative sentiment can also have a significant impact on the cryptocurrency market. When investors are pessimistic about the future of a currency, they tend to sell off their holdings, which causes prices to drop.
3. Increased competition
The cryptocurrency market is becoming increasingly crowded, with new cryptocurrencies being launched on a regular basis. This increased competition is putting pressure on the prices of existing cryptocurrencies.
4. Lack of use cases
Many cryptocurrencies are still struggling to find a real-world use case. Until cryptocurrencies are able to find a real-world application, they are likely to continue to experience price volatility.
5. Manipulation
There is also the possibility that some investors are manipulating the cryptocurrency market. This could be causing prices to fluctuate artificially and preventing them from reaching their true potential.
So, what can be done to revive the cryptocurrency market?
There is no one-size-fits-all answer to this question, as the revival of the cryptocurrency market will depend on the actions of regulators, investors, and businesses.
However, some potential solutions include:
1. More regulatory clarity
Regulatory clarity is essential for the healthy growth of the cryptocurrency market. Until regulators provide a clear framework for cryptocurrencies, investors are likely to remain cautious about investing in them.
2. Increased focus on use cases
Cryptocurrencies need to find a real-world use case if they are to thrive in the long run. businesses and developers need to focus on building applications that can be used in the real world.
3. Less speculation, more investment
Investors need to shift away from speculation and towards long-term investment in the cryptocurrency market. This will help to ensure that prices are more stable and less volatile.
4. Greater transparency
The cryptocurrency market is still relatively opaque, which makes it ripe for manipulation. greater transparency could help to reduce the level of manipulation and restore faith in the market.
5. More regulation
Ultimately, more regulation may be necessary to revive the cryptocurrency market. This could come in the form of new legislation or the enforcement of existing regulations.
Why was there a massive crash in the crypto?
In January 2018, the cryptocurrency market experienced a massive crash. The total market capitalization of all cryptocurrencies fell from a high of $831 billion to a low of $276 billion. This is a massive decline of 66%.
So, what caused this massive crash?
There are several factors that contributed to the crash.
First, there was a lot of regulatory uncertainty surrounding cryptocurrencies. In January, the SEC announced that it was investigating cryptocurrencies and Initial Coin Offerings (ICOs). This caused a lot of investors to sell their cryptocurrencies, fearing that the SEC would crack down on the market.
Second, the cryptocurrency market had become incredibly speculative. Many investors were buying cryptocurrencies simply because they thought they would be able to make a quick profit. When the price of cryptocurrencies started to fall, many of these investors quickly sold their cryptocurrencies, causing the price to fall even further.
Third, the market for cryptocurrencies was becoming increasingly fragmented. There were hundreds of different cryptocurrencies, and it was becoming increasingly difficult to distinguish between the different ones. This caused investors to become more cautious, and many of them decided to sell their cryptocurrencies.
Finally, the market for cryptocurrencies was becoming increasingly competitive. Bitcoin, the largest cryptocurrency, was facing competition from other cryptocurrencies, such as Ethereum and Litecoin. This caused some investors to sell their Bitcoin and invest in other cryptocurrencies.
Overall, there were several factors that contributed to the cryptocurrency market crash in January 2018. Regulatory uncertainty, speculative investing, fragmentation, and competition all played a role.
How did Luna crash?
Luna, the moon of the planet Earth, is a fascinating place. It has been the subject of many books and movies, and it has always held a certain mystique. But on July 20, 2019, something happened that shocked the world. Luna crashed into Earth.
The cause of the crash is still unknown, but scientists and researchers are doing everything they can to find out what happened. One theory is that a large asteroid strike may have caused Luna to fall out of orbit and crash into Earth. Another possibility is that a malfunction in Luna’s engine caused it to plummet to the surface of Earth.
Whatever the cause, the crash of Luna has left the world in shock. Some people are mourning the loss of this iconic symbol of humanity’s exploration of the universe. Others are worrying about the potential consequences of the crash, such as the possibility of a devastating impact crater or the release of toxic gas into the atmosphere.
The future of Luna is still uncertain, but scientists and researchers are working hard to find out what happened and how to prevent it from happening again. In the meantime, the people of Earth are coming to terms with the loss of Luna and contemplating the implications of this historic event.
What was the crypto that crashed?
What was the crypto that crashed?
The crypto that crashed is believed to be Bitconnect. Bitconnect was a cryptocurrency that was started in January of 2017. The coin was initially worth just a few cents, but it quickly rose in value. In December of 2017, the coin was worth over $400 per coin. However, in January of 2018, the coin crashed and is now worth just a few cents per coin.
What caused the crash?
There are several theories as to what caused the crash. One theory is that the coin was a Ponzi scheme. A Ponzi scheme is a type of scam in which new investors are promised returns on their investment, but the returns are actually paid out of the investment of new investors. This scheme inevitably fails, and the investors who are left holding the bag lose their money.
Another theory is that the crash was caused by Bitconnect’s closure of its lending program. The lending program allowed investors to borrow Bitconnect coins and then lend them out at a higher rate of return. When the lending program was closed, investors were left with Bitconnect coins that were worth much less than they had been before.
What does this mean for the cryptocurrency market?
The crash of Bitconnect has caused a lot of uncertainty in the cryptocurrency market. Other cryptocurrencies that were believed to be scams, such as Onecoin, have also seen their values plummet. This has caused many investors to lose faith in the cryptocurrency market and to sell their coins. As a result, the value of all cryptocurrencies has declined.
Will Shiba ever go up?
There is no one definitive answer to the question of whether or not Shiba Inu will ever go up in price. Some believe that the breed will only continue to increase in popularity, while others think that the market has already peaked. Only time will tell which prediction is correct. In the meantime, those interested in purchasing a Shiba should do their research to get an idea of what the current market value is.
Which crypto will survive long term?
Which crypto will survive long term?
This is a question that has been asked many times in the crypto community, and there is no definitive answer. However, there are a few cryptos that seem to have a better chance of surviving long term than others.
Bitcoin is the most well-known and oldest cryptocurrency, and it is likely to survive long term. However, its popularity has also made it a target for hackers, and its high transaction fees and slow processing times have made it less desirable for some users.
Ethereum is another cryptocurrency that is likely to survive long term. It is second only to Bitcoin in terms of market cap, and it has a number of features that make it attractive to users. These include its fast transaction speeds and low transaction fees.
Other cryptos that are likely to survive long term include Litecoin, Ripple, and Bitcoin Cash. While there is no guarantee that any of these cryptos will survive in the long term, they all have a good chance of doing so.
Can crypto survive the crash?
The cryptocurrency market has been on a downward trend for the past few months. Bitcoin, the largest and most well-known cryptocurrency, has lost more than 60% of its value since its peak in December 2017.
This has led to a lot of speculation about whether or not cryptos can survive a crash.
On the one hand, there are those who argue that cryptos are in a bubble and that the current crash is simply a natural correction that will eventually lead to a market crash.
On the other hand, there are those who argue that cryptos are here to stay and that the current crash is simply a bump in the road.
So, which side is right?
Well, to be honest, no one really knows for sure.
However, there are a few factors that could potentially help cryptos survive a crash.
First, the fact that cryptos are decentralized and aren’t controlled by any government or institution makes them less vulnerable to crashes.
Second, the fact that cryptos are being increasingly used for legitimate purposes (e.g. payments, investments, etc.) means that they are unlikely to disappear anytime soon.
Lastly, the fact that the underlying technology of cryptos (blockchain) is becoming more and more popular means that cryptos are likely to stick around for a while.
In conclusion, it’s still too early to tell whether or not cryptos will survive a crash. However, there are a few factors that suggest they have a decent chance of doing so.
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