This is why crypto will surge soon bitcoin price 2018

Updated January 17, Cryptocurrencies have been heavily sold off, amid fresh fears of a major regulatory crackdown in South Korea. It follows a sell-off last week when the idea of a law to ban trading was first raised by the Minister. Number two by market capitalisation, Ethereum, dropped by more than 25 per cent while Ripple, the number three, dropped by more than 40 per cent.

In total, there are now more than 1, cryptocurrencies being traded in an increasingly crowded space. It is one of the biggest markets for trading cryptocurrencies, with college students and housewives all getting in on the action, stoking fears that it has become a type of gambling addiction. IG's head of research Chris Weston said the surge in bitcoin and other cryptocurrencies was mostly driven by FOMO fear of missing out.

However, Mr Weston said the rush to get in is being mirror by a panic to get out as the price of the cryptocurrencies tanks. In the space of just 10 minutes, five investors put several thousand dollars into a bitcoin ATM in central Sydney to buy more of the cryptocurrency at what they see as discount prices.

We've seen the hysteria stage. We've seen the hype stage, and now its come onto the regulators' radars as part of this bigger picture. The crash in prices comes soon after the man widely believed to be the world's savviest investor, Warren Buffet, said "I can say almost with certainty that cryptocurrencies will come to a bad end". Huge price swings like these also make many question the usefulness of the cryptocurrencies as a medium of exchange.

It is hard to agree on a price if it is shifting so remarkably fast. Legislation has passed Parliament that will force cryptocurrency exchanges to disclose details of investors this is why crypto will surge soon bitcoin price 2018 transactions. Australia's financial crime fighting agency AUSTRAC will be tasked with keeping an eye on trading to try to stop cryptocurrencies from being used this is why crypto will surge soon bitcoin price 2018 money laundering and financing terrorism.

First posted January 17, If you have inside knowledge of a topic in the news, contact the ABC. ABC teams share the story behind the story and insights into the making of digital, TV and radio content. Read about our editorial guiding principles and the enforceable standard our journalists follow.

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By business reporter Carrington Clarke. Bitcoin prices plunged more than 20 per cent in the biggest sell-off for more than three years. Banks 'unwilling to work' with Bitcoin traders amid regulation concerns. Buffett plans for the future … and it doesn't involve bitcoin. South Korea flags ban on cryptocurrency trading, rattles market. Bitcoin prices plunged more than 20pc at some points in the past day Other major cryptocurrencies had falls of more than 40 per cent Falls are due to concerns that South Korea will ban cryptocurrency trading.

Bitcoin v US dollar exchange rate. We asked if the Bitcoin price drop had affected you. Read the discussion in the comments. What bitcoin says about us Bitcoin is a formula almost guaranteed to end in tears, but still speculators pile in to the bubble, writes Ian Verrender. Why we buy cryptocurrency despite the risks Will those who've made cryptocurrency profits pay their tax? Meet the investors sticking this is why crypto will surge soon bitcoin price 2018 bitcoin despite the market crash Iceland will soon use more energy mining bitcoins than powering its homes What bitcoin crash?

Aussies eye initial coin offerings This is what happens to your bitcoin when you die Bitcoin buying among students so prevalent one school held a meeting Will Bitcoin go the way of MySpace and floppy disks?

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Got a news tip? Editorial Policies Read about our editorial guiding principles and the enforceable standard our journalists follow. Back from the dead Is bringing extinct animals back from the dead a good idea? Here's how to hold your nerve in a penalty shoot-out Is a penalty shoot-out at the World Cup really "a lottery from 12 yards? News quiz A woman was discovered alive in a morgue, Australians are in crippling debt, and some animals share very similar fingerprints to humans.

This is why crypto will surge soon bitcoin price 2018 the west won its GST fight Former premier Colin Barnett has scored himself a posthumous victory, politically at least.

Your honest stories about retirement Fake gynaecologist jailed for sexual assault after duping dozens of patients Sam Thaiday announces this is why crypto will surge soon bitcoin price 2018 in old age make-up at retirement home Opinion: It this is why crypto will surge soon bitcoin price 2018 depend on how much you earn 'How hard is it to stand up?

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Because we seem to have forgotten how. Media Video Audio Photos. Connect Upload Contact Us. Change to mobile view.

Updated January 17, Cryptocurrencies have been heavily sold off, amid fresh fears of a major regulatory crackdown in South Korea. It follows a sell-off last week when the idea of a law to ban trading was first raised by the Minister.

Number two by market capitalisation, Ethereum, dropped by more than 25 per cent while Ripple, the number three, dropped by more than 40 per cent.

In total, there are now more than 1, cryptocurrencies being traded in an increasingly crowded space. It is one of the biggest markets for trading cryptocurrencies, with college students and housewives all getting in on the action, stoking fears that it has become a type of gambling addiction. IG's head of research Chris Weston said the surge in bitcoin and other cryptocurrencies was mostly driven by FOMO fear of missing out.

However, Mr Weston said the rush to get in is being mirror by a panic to get out as the price of the cryptocurrencies tanks. In the space of just 10 minutes, five investors this is why crypto will surge soon bitcoin price 2018 several thousand dollars into a bitcoin ATM in central Sydney to buy more of the cryptocurrency at what they see as discount prices.

We've seen the hysteria stage. We've seen the hype stage, and now its come onto the regulators' radars as part of this bigger picture. The crash in prices comes soon after the man widely believed to be the world's savviest investor, Warren Buffet, said "I can say almost with certainty that cryptocurrencies will come to a bad end".

Huge price swings like these also make many question the usefulness of the cryptocurrencies as a medium of exchange. It is hard to agree on a price if it is shifting so remarkably fast. Legislation has passed Parliament that will force cryptocurrency exchanges to disclose this is why crypto will surge soon bitcoin price 2018 of investors and transactions.

Australia's financial crime fighting agency AUSTRAC will be tasked with keeping an eye on trading to try to stop cryptocurrencies from being used for money laundering and financing terrorism. First posted January 17, If you have inside knowledge of a topic in the news, contact the ABC.

ABC teams share the story behind the story and insights into the making of digital, TV and radio content.

Read about our editorial guiding principles and the enforceable standard our journalists follow. The cave complex where a Thai soccer team is trapped is a cool hangout that teenagers love to explore, says a man who himself got lost 16 years ago.

Civility, or minimum standards of behaviour that equip us for living daily with strangers, has been in short supply lately and we all bear responsibility. Professor of Public Health at Bond University, Chris Del Mar, has this is why crypto will surge soon bitcoin price 2018 into question the effectiveness of the flu vaccine, saying that it only makes a tiny difference.

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By business reporter Carrington Clarke. Bitcoin prices plunged more than 20 per cent in the biggest sell-off for more than three years. Banks 'unwilling to work' with Bitcoin traders amid regulation concerns. Buffett plans for the future … and it doesn't involve bitcoin.

South Korea flags ban on cryptocurrency trading, rattles market. Bitcoin prices plunged more than 20pc at some points in the past day Other major cryptocurrencies had falls of more than 40 per cent Falls are due to concerns that South Korea will ban cryptocurrency trading. Bitcoin v US dollar exchange rate.

We asked if the Bitcoin price drop had affected you. Read the discussion in the comments. What bitcoin says about us Bitcoin is this is why crypto will surge soon bitcoin price 2018 formula almost guaranteed to end in tears, but still speculators pile in to the bubble, writes Ian Verrender.

Why we buy cryptocurrency despite the risks Will those who've made cryptocurrency profits pay their tax? Meet the investors sticking with bitcoin despite the market crash Iceland will soon use more energy this is why crypto will surge soon bitcoin price 2018 bitcoins than powering its homes What bitcoin crash?

Aussies eye initial coin offerings This is what happens to your bitcoin when you die Bitcoin buying among students so prevalent one school held a meeting Will Bitcoin go the way of MySpace and floppy disks? What the bitcoin bubble tells us about ourselves TGIF! But don't spend your bitcoin on beer Bitcoin explained: The digital currency making millionaires.

Top Stories Desperate push to free boys from cave within 48 hours, before heavy rains hit Two teenagers dead, woman treated after 'harrowing' Sydney shooting photos Novichok poisoning looks like 'after-effect' of Skripal attack: A child runs out.

What happens next is up to technology. Connect with ABC News. Got a news tip? Editorial Policies Read about our editorial guiding principles and the enforceable standard our journalists follow.

Lost boys and 'ghost' girls By South-East Asia correspondent Liam Cochrane The cave complex where a Thai soccer team is trapped is a cool hangout that teenagers love to explore, says a man who himself got lost 16 years ago. Why we can't just get along Civility, or minimum standards of behaviour that equip us for living daily with strangers, has been in short supply lately and we all bear responsibility.

Flu vaccine Professor of Public Health at Bond University, Chris Del Mar, has called into question the effectiveness of the flu vaccine, saying that it only makes a tiny difference. Top Stories Desperate push to free boys from cave within 48 hours, before heavy rains hit Two teenagers dead, woman treated after 'harrowing' Sydney shooting Novichok poisoning looks like 'after-effect' of Skripal attack: One family's decade-long fight to keep its own slice of serenity Nun charged with 'selling babies' at Mother Teresa India charity home Man admits vandalising Eurydice Dixon tribute over beliefs about vaccination Drivers horrified as melting bitumen captures cars like 'insects in a spider's web' Alleged bikie pleads guilty to his role in massive minute strip club brawl.

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Another day, another data breach. Do you even care anymore? PM's department tries to work out why men get top jobs Will European politicians act too late on immigration? Hundreds of Thais pitch in to help Tham Luang rescue effort Desperate push to free boys from cave within 48 hours, before heavy rains hit Nun charged with 'selling babies' at Mother Teresa India charity home.

Most Popular Drivers horrified as melting bitumen captures cars like 'insects in a spider's web' Two teenagers dead, woman treated after 'harrowing' Sydney shooting photos Man admits vandalising Eurydice Dixon this is why crypto will surge soon bitcoin price 2018 over beliefs about vaccination Fact check: Does the flu vaccine reduce the chance of being infected by only 1 to 2 per this is why crypto will surge soon bitcoin price 2018 Filipino-American basketballer rewarded for protecting Boomer from enraged fans Couple poisoned by nerve agent Novichok as police probe Skripal links 92yo woman shoots 72yo son dead over plans to put her in care home Woman allegedly injected with water, and her paramedic son-in-law blew the whistle Sarah Hanson-Young just got 'Gillarded' — and she won't be the last The Aussie dollar rollercoaster explained for economic amateurs.

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Bitcoin has dawned a new era of financial literacy and inclusion. Always remember that it is your responsibility to choose your wallet carefully and adopt good practices in order to protect your money. Marja Vuorinen is a social historian specializing in the study of elites and power within a theoretical framework of semiotics, text analysis and media studies.

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