Crypto Expert: The US SEC Wasn’t the Cause for Downturn

3 points by brecalynch 7y ago ↗ HN

noticed two significant things. The first is that the cryptocurrency market is down on its knees, throwing the entire industry into confusion. Secondly, cryptocurrency advocates are pointing to two factors as the cause of the bear market, Bitcoin Cash hard fork and the US SEC. However, a crypto analyst has spoken up in defense of the US regulator.

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jryan49 7y ago ↗

I think the real reason is people are realizing bitcoin, as it exists today, has no real utility, and solves no real problems. Also most of the speculators have lost so much money they're not touching it with a 100 ft pole. Its value is dropping accordingly.

[dead] alan55 7y ago ↗

Thanks. I also try to follow the latest info to be aware of the real condition on the market. Just read about new MotoCoin crypto. It is the first crypto which uses an innovative proof-of-play scheme for mining. Want to invest in it in the near future.