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Cryptocurrency Price Projections for 2018: When Will We See Green Again?

Tax season is approaching in the USA with Q2 2018 being around the tax deadline (April 15). A lot of people made big gains in 2017 for which they have to pay taxes. Right now, however, with the market going through a massive correction, most people’s portfolio’s are down 50% or more. So the following scenario is possible: on top of those who are panic selling more and more as we go down, many will also need to cash out in order to pay their taxes, this drives the price down or at the very least prevents it from going back up. The bulls are out of money, the bears need cash, Q1 is not looking great as a whole, and Q2 might not either. Our guess is we might not see much green until after Q2 2018, perhaps Q3 or even Q4. If we look at 2017, a lot of growth took place in Q3 and Q4. 

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The President of Kazakhstan Nursultan Nazarbayev announced the intention to create a cryptocurrency

The President of the Republic of Kazakhstan Nursultan Nazarbayev reveled an interest to create a world digital currency that will be based not on theoretical trust but rather will be secured by particular resources, will be democratic and transparent.

The new cryptocurrency will be called G-Global. “It will help the world get rid of monetary wars, black-marketeering and decrease volatility at markets,” Nursultan Nazarbayev said at the 10th Astana International Forum (AIF)

Chicago Federal Bank Chairman Tries to Criticize Bitcoin. Ends up perfectly describing the Federal Reserve.

The Chairman of the Federal Bank in Chicago said regarding Bitcoin: “It’s hard to imagine a world where the main currency is based on an extremely complex code, understood by only a few, controlled by even fewer, without accountability, arbitration or recourse.” It’s funny because he perfectly described the Federal Reserve Banking System.

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Ripple Gets a Massive $20 Billion Sell Off Into Fiat

Ripple had a massive liquidation earlier today where it lost over $20 billion in market capitalization. The founders of Ripple made headlines and became some of the richest people in the United States because of Ripple’s pump over the past couple of weeks. Tons of XRP were sold off over the past day and the money doesn’t seem to have gone into Bitcoin or Alts, based on our analysis. Rather, it all went into Fiat. The founders, or the Ripple insiders had a massive cash out. Beware of this project and Coinoid strongly advises against investing in to it, especially using real cryptocurrencies like Ethereum or Bitcoin.