Hey! welcome to my blog.

The world is set back again to trigger the gun to make the crypto market into the moon . China is already developed its coin 'DCEP' ,Facebook is already structured 'LIBRA' and the rest of the world already started regulated all the cryptocurrency instead putting whole blanket and cover with not clue like how it started doing in the month of February ,2018 if you all remember the crypto market hit 8 billion total market cap and started falling with no break until 1.7 billion total market cap. 

So the question is why this thing was happened ? 

Here is your answer:

1. when the crypto market was on its top pick in 2018 in January then we heard such a shocking news about crypto biggest Ponzi scheme from "BitConnect" if you remember ,it robbed in day light to the world with full bluff trick and made 3 billion USD . this crypto was initially launched in feb, 2016 and for next 2 years it brought such a Ponzi scheme through Auto bot rewarding website 'www.bitconnect.co/' where your investment was kept locked for certain period of time and you were given daily interest which was generated from Auto Bot. The scheme was such a attractive ,even me also could not stop investing money there and ultimately It come out Ponzi and fraud.  i don't want to go in deep but there were so many popular you tubers as well used to promote all these scheme and few of them were totally involved Craig grant ,Ryan Hildreth, Trevon james, CryptoNick etc . If i will give you some more example of Ponzi scheme scammers then i will take few more name here which was also did the same as how Bitconnect did and these are Hextracoin(HXT) , Exacoin ,Davorcoin , Etherconnect , Sficoin, Falconcoin, Worldcore, Bitbond ,Goldgate , United Emirates coins, Ucoin etc. 

Do you all remember? this event video :)

2. China was operating 45% crypto trading till 2017 but in feb, 2018 Chinese president speech in their public assembly to ban the bitcoin trading, mining , exchanges .it was like complete blanket on cryptocurrency . many exchanges started moving out of china for operating trading, Crypto miners fell to generate enough Mining and it affected bitcoin Hash Rate which was low and network left unsecured and attacking .Traders left with many restrictions and can not trade with full freedom. Same situation happened in India where 20% trader invest in bitcoin and do transaction but indian government also put complete blanket on trading and exchanges which drastically affect crypto exchanges and they could not afford to run the exchange platform for longer example zebpay, Unocoin etc .

3. Attacking and hacking exchanges also were in highlight in 2018 which also shook investor trust on exchanges and withdrew the fund from market. The biggest exchanges were :

1. upbit (south korean exchange) got hacked lost 342,000 ETH.

2. VinDax (vietnamese exchange ) lost $500,000 work cryptocurrency.

3. Bitpoint (Japanese exchange ) hacked 1,225 Bitcoin, 11.170 ETH, 1,985 BCH , 5,108 LTC , 28 Million XRP .

4. Bittrue (Singapore exchange ) Hacked 9.3 Million XRP, 2.5 Million ADA.

5. Binance  hacked 7000 BTC

6. Bitthumb hacked 3 Million EOS, 20 Million XRP.

Overall, These were major issues to shrink the total market cap from 8 Billion USD in 2020, crypto investors and traders has been enough matured to understand all the Ponzi scheme and hope we invest and trade wisely in future and not give any gap to scammers. Exchanges also improved their security and privacy ,hope in future there are no hack issues. government has now understood the value of blockchain and they are now regulating instead ban . 

with all the positive waves and thoughts , Good bye all.

for further reading :

BITCOIN HALVING ? what is?

 IS RIPPLE NET IS SCAM OR LEGIT ? IS WORTH OF INVESTMENT?

 publish0x is emerging like shiny diamond why?

 TOP NEWS UPDATES ABOUT 'FACEBOOK' 

CORONA VACCINE WILL BE AVAILABLE SOON AFTER THIS MONTH !!

Resources:

https://en.wikipedia.org/wiki/Bitconnect

https://www.youtube.com/watch?v=-J16xeId8xc

https://www.scmp.com/news/china/economy/article/2132119/beijing-bans-bitcoin-when-did-it-all-go-wrong-cryptocurrencieshttps://www.forbes.com/sites/samantharadocchia/2019/01/02/2018-a-year-of-historic-exchange-hacks/#555e499f4a14https://selfkey.org/list-of-cryptocurrency-exchange-hacks/

https://supchina.com/2019/10/29/will-cryptocurrency-from-beijing-revolutionize-global-money/

https://www.youtube.com/watch?v=1tQ8MYyApPU