Last year bitcoin had a phenomenal run leading up to its all-time high of $19,600 per BTC this past mid-December. The price over the past few weeks had since dipped to a low of $5,900 on Monday, February 5, losing close to 65% of its value in a short period. By the way the ‘richest bitcoin holders’ have gained thousands more BTC taking full advantage of these significant price variances. Do you know the top 100 people in this world hold 3,132,269 BTC ($27,345,470,449 USD) thats 18.59% of Total coins available, It's not a secret that they use their assets to ‘move the market.

The surprising thing is, According to data collected from Bitinfocharts.com most of the 100 richest BTC addresses haven’t lost any money during the last 65 percent dip — In fact, their stacks of BTC increased exponentially.

Take for instance the owner of the most substantial amount of bitcoins located in one address which currently holds 167,000 BTC

In 2017 there have been six ‘major’ corrections that have seen BTC lose over 30 percent or more of its value, and this particular whale has gained more funds every single time. heres the stastic about his assets on his wallet.

So Basically whenever theres a downfall or bitcoin fell to its feet People sold their assets in loss while the massive holders invested more, ultimately winners were always the whales. The good news is While these whales have accumulated more this gives us an indication that the massive investors can see a bright future of bitcoin. bitcoin will no doubt be back to its feet and will start to fly and will break the records by the end of this year. And its worth learning that **Winners will be those who will hold for long ** and this holds true everywhere.

Thank you for reading with me and I hope this post is useful!

Love,

Mahesh Jamdade

Bitcoin was around $19k this December and it was still holding strong around $12k-13k but since yesterday the market situation has gotten worse and there are several reasons behind this and I will talk about the potetial cause that took over the market and we may even experience more downfall in the price specially in terms of bitcoin, because the market doesn't look good and people are quite fearful and I believe news and media are doing their best to put the crypto market down. And I think this will continue until we see some strict regulations about the digital currency.

Yesterday at the Union Budget 2018 held in India was the most trending topic, But the bitcoin news from Mr Jaitley the Financial Minister of India got misinterpreted and as I said media and news did their best to misinterpret the news.

If you search for the news on bitcoin in India you will find tonnes of post claiming bitcoin banned in India but which is actually not True.

Here are the exact words from the Financial Minister

"The Government does not consider Cryptocurrencies “as Legal Tender or Coin” and will take all measures to eliminate the use of these Crypto Assets in Financing “Illegitimate Activities or a Part of the Payment System”."

his statement clearly illustrates that the Government is not banning cryptocurrencies. The Government does not consider it as a legal tender and won’t allow any Illegitimate Activities or criminal activities using digital currencies.

ZebPay One of the biggest digital wallet in India took over to twitter to interpret jaitleys statement

The government in India and rest of the world has now started taking crypto activities seriously and are focused on Regulating the digital currency. We may even see some Government Imposing tax on the crypto trades. Ultimately it should be noted that bitcoin is not banned in India but we may soon see some regulations for the digital currency.

Facebooks stops Ads promoting cryptocurrencies

The Social Media giant Facebook is one of the Main reason lot of newbies rushed into the Crypto Market and this all possibly happened with the cryptocurrency ads that were running on facebook. Which introduced bitcoin to almost 90% of the population.

But now facebook seems to take a hit to it wallets to make sure its users don't by stopping the ads promoting crypto. Facebook will ban all ads promoting cryptocurrency in an attempt to prevent scammers from using its advertising platform to dupe its users. But recently Mark Zuckerberg. In a Facebook post published earlier this month, Zuckerberg positively cited cryptocurrency as an example of technology that can decentralize power. But I personally think this is just temporary and the ads will be up and running after a strict regulation will be made.

I still believe that crypto market will come back to its state but the problem is the community shouldn't be mislead to false news, crypto has got a huge potential and the main reason is its ability of decentralization taking away power from the hands of government giving back the power in the hands of the investors. But rumours from news and media are causing panic sell.

I've found a interesting tweet on twitter which explains the current mindset of crypto investors. The meme shows that people are so curious to know the right time to buy and sell, But no one is actually ready to learn about crypto this is the main reason behind panic sell.

Well I would like to finish this blog with some positive words and Rules from crypto world

** if you are new to crypto and have no idea what it is and how it works please don't get involved in it. **

• Rule 1: you should never step into the river if you are not aware of its depth. if you are passionate about investing and taking risks this is for you,

But remember

• Rule 2 : Invest as much as you can afford to loose Never follow the rumours make your analysis and buy/sell the trade and only invest as much you can afford to loose.

• Rule 3: Buy the Trade Sell the News

And a last tweet what every crypto believer would do in this situation

NOTE: Take this post as a piece of Advice, I do not encourage for any trades

if this post helped you, would you please upvote this post and share to spread the word.

The cryptocurrency market has crashed today, and number of investors are dumping their coins, Bitcoin has crashed more than $2500 in the last 24 hrs.

Not only bitcoin, But 90% of the alts are down, what usually happens is when bitcoin goes up most of the alts go down, But the situation is different this morning.

Market stats​

Bitcoin down by 10 -15%​

Ethereum down by 10-11%​

USDT down upto 30%​

lot of people think China and North Korea must be the reason behind the down fall of the market, But seeing the market situation it seems like what happened is the panic selling. This is what I think, In last two months the cryptocurrency market has seen a massive rise this probably happened Because a lot of new investors rushed into the crypto world after the news (bitcoin reached 10k, 11k crosses alltime high) flied everywhere, so with new investors came a massive cash inflow and these gave pump to the bitcoin and it reached nearly 19k, But the investors may have not studied the bitcoin past properly and as a result they couldnt accept a little fall and must have led to panic selling. This is what I think must have happened, But No one can be certain about the cause.

But I actually see this is as a price correction and new investors must realize that they need to be very patient and see cryptocurrencies as a longtime return, and if they can't accept a little correction in the price then they don't certainly deserve high returns.

Heres why this isn't a bubble​

if we look at the past history January hasn't been a good time for bitcoin, and it seems to follow the trend that it will likely go to the moon before the end of the year and see a massive downfall in January.

So, basically guys don't panic and sell, make a mindset to see cryptocurrencies as long term bull specially bitcoin and in these situations, you shouldn't be selling instead follow the opposite trend, buy more take this as a bitcoin 50% off sale cash in and buy more, and always remember what goes up and falls down will come back to its previous state again this holds true specially incase of bitcoin, if you look at the graph of bitcoin from past 6 years everytime there was a fall bitcoin came back to its state and it certainly will. And we can also consider this as a strategy of massive investors but no one can actually be certain about it. A similar tweet came from from john McAfee

A past 6 years graph of bitcoin says No matter what happens, Bitcoin has only one way to go and that is Up

and finally you got to see this, I read a interesting tweet from this guy

And don't forget to smash the upvote button, share this with ones who needs to see this, I hope this might relieve them.

Note: these all are my personal views and I don't encourage you to consider these views when making your investment decisions.