Re: The reason why everything is down!

Quote from: adamlillian on March 10, 2018, 04:12:06 AM

Quote from: CryptoThrasher on March 10, 2018, 03:40:11 AM

The reason everything is dropping. People are scared SEC & The FCC will shutdown exchanges, ICO's and anyone not following securities laws that now also apply to crypto.

SEC Warns Unregistered Cryptocurrency Exchanges Against Listing Security Tokens
http://strategiccoin.com/sec-warns-unregistered-cryptocurrency-exchanges-listing-security-tokens/

The SEC just made it clearer that securities laws apply to most cryptocurrencies and exchanges trading them >
https://www.cnbc.com/2018/03/07/the-sec-made-it-clearer-that-securities-laws-apply-to-cryptocurrencies.html

U.S. regulator urges registration of cryptocurrency exchanges
https://www.reuters.com/article/uk-usa-sec-crypto/u-s-regulator-urges-registration-of-cryptocurrency-exchanges-idUSKCN1GJ2VI

Cryptocurrencies Plunge 23% Overnight as SEC, Tokyo Whale Trigger Mass Exodus
https://hacked.com/cryptocurrencies-plunge-23-overnight-as-sec-tokyo-whale-trigger-mass-exodus/

What are your thoughts on this matter?

I think the main reason is the sharks in the crypto market. They have the power to decide the price of the altcoins. So they can make a lot of profit from the trading and increase and decrease the price of the altcoins. They make small traders fear because of the cost of going down and forcing them to sell all their coins to secure their assets. and the sharks would buy all the coins at low prices and sell them at high prices.

I agree with you, they are the one who controls the market price and they are the reason of people who panic selling when theirs a big dump going on.