Named five key probabilities for collapse of crypto-currency market

Baku. 8 January. REPORT.AZ/ Crypto-currencies remembered in 2017 by massively leaving a trace in whole world.

Report informs citing the Forexpf.ru, analysts have begun to beware of the "foam" in the crypto-currency market and named five key factors that will cause the market to collapse in 2018.

The first and most important of all is the likelihood of central banks to adopt tougher decisions for regulation of the crypto-currency market. Thus, at the end of last year, the Chinese government banned crypto exchange markets and has already begun fighting with miners. India and South Korea are also using this method. Even Bangladesh has declared that the crypto currencies are out of the law. While the market does not react to it, it can use it for harsh news at any moment.

The second probability is greediness and activeness of hackers. As the crypto-currency market allows people to hide their income and taxes from the state, hackers can also easily steal digital money.

Third, the large market players of the crypto currency market may sell their currencies purchased few years ago at lower price and cause a short-term market collapse.

The fourth is the risk of emerging fake crypto-currencies and tokens. Fraudsters can create fraudulent crypto currencies with very little change of name. The fifth is that the participants of the market can start selling crypto currencies massively which can create crisis in the market.