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      "body": "**Hello Friends i would love to present you all a quick review of Coinmarket trends from 2013 to 2017 and with the help of this you can analyse or predict the future of cryptocurrencies and how investers and traders react  to both +ve and -ve news in the crypto space.**\n\n\n**1st Big Pump :-** \nOn November 2013 coinmarket experienced uptrend moving from $3.8 billion to $7.8 billion and then soon went back to $5.2 billion for what we call as profit booking or market correction. As it was the first big uptrend where investers tasted the potential of cryptocurrencies & Blockchain\n\n![1st wave 2013.jpeg](https://steemitimages.com/DQmNksGyYrWQDyNqqhEEAiYxszU7rJyi8ViPc5WpyUo9FnQ/1st%20wave%202013.jpeg)\n\n\n**Bear Market :-**\n whenever coinmarket experienced an uptrend it has also entered a bear market after...\n\n![2. bear market.jpeg](https://steemitimages.com/DQmZvUmX2aSd5LXuX8BvCecFCB9fcUd7VF7JRs8MSa8YLUg/2.%20bear%20market.jpeg)\n\n**2nd Big pump:-**\n And the bear market ruled coinmarket from March 2014 to NOVEMBER 2015 and then it experienced 2nd sudden uptrend reached almost exact place as it was on NOVEMBER 2013 \n\n![2nd pump nov 2015.jpeg](https://steemitimages.com/DQmdSpVFcRv1c89KKNd8YC7gTMCuj7m1MCAKimKMMDiMdMr/2nd%20pump%20nov%202015.jpeg)\n\n\n**3rd Big pump :-** \nIn July 2016 coinmarket experienced new all time high starting from $8 billion and touched $15 billion mark in less than a month which lead to massive profit bookings and touched as low as $8 billion and then market continued to move up steadily for next 6 months .\n\n![3rd big pump jun 2016.jpeg](https://steemitimages.com/DQmRQcVdLpcSdJ5CNh24yJo9q3LsdjLxWEvTLHSWNLae3Kw/3rd%20big%20pump%20jun%202016.jpeg)\n\n**4th big pump:-**\nAnd soon after successful rally upwards for six months coinmarket experienced new all time high in january 2017 where it touched $23 billion \n\n![4th big pump jan 2017.jpeg](https://steemitimages.com/DQmQ4E81vdLZURMESyA6N2v9SvnxZvuDVszP5Z2YgnQkyNN/4th%20big%20pump%20jan%202017.jpeg)\n\n**The 5th Biggest pump till date:-**\nThen coinmarket got more stable and steady for next few months and touched record breaking high in July 2017 where it touched $117 billion ( This was Awesome ) :D\n\n![5th biggest pump may 2017.jpeg](https://steemitimages.com/DQmWpy8V2NygkuFsw2TFLwRqrNUzVYqNiE9FonHy5TJVcLR/5th%20biggest%20pump%20may%202017.jpeg)\n\nAnd as usual market has entered new downtrend, As i am writing my 1st blog as a noob blogger on July 15th 2017 coinmarketcap is around $75 billion which is really good time to invest in Altcoins (make sure you invest in coins which has a real use case and solve the real world problems & good developing team offcourse).\n\n![latest.jpeg](https://steemitimages.com/DQmdVcxMhgrktMtZjLvkLsoYytmzQioe63YnL3EJcKopcjt/latest.jpeg)\n\nI do invest in cryptocurrenices and will continue to do so just because I LOVE the concept of Blockchain and how it can change the world we live in and remove all the friction around us which is mainly created by the greed of religions and politics.\n\nI am very bullish on long term and i believe coinmarket capitalization will reach $200 billion within March 2018 as there is no such negative news surrounding to this downtrend it is just the fear of new investers and day traders who are very concerned about safety of their profits which they have made in recent big successful run and as the clouds of uncertainity clears from their mind make sure you have already invested your fiat money to experience the cryptos shining back again and be the part of  **THE NEW HOTTEST ALL TIME HIGH** as all the investers who have hedge their profits are going to throw back into crypto space again.\n\nplease do comment your views on Coinmarket and give a prediction of your Next All Time High.",
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      "body": "**INDIA ON ITS WAY TO LEGALIZE BITCOIN & OTHER CRYPTOCURRENCIES**\n           \n  ![4277878_orig.jpg](https://steemitimages.com/DQmcHXnf6PCzRADUt3SEFBJSWjh7gjSXpdzArVtERMhQmWt/4277878_orig.jpg)                                                    \n                                                                           \n  \nThe circulation of Virtual Currencies (Digital/Crypto Currencies) has been a cause of concern in India. This has been expressed in various fora from time to time. Reserve Bank of India had also cautioned the user’s, holders and traders of Virtual currencies (VCs), including Bitcoins, about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to vide it’s press releases dated 24th December, 2013 and 1st February, 2017.\n\nIn order to examine the existing framework, Department of Economic Affairs, Ministry of Finance has constituted an Inter- Disciplinary Committee chaired by Special Secretary (Economic Affairs) and representatives from Department of Economic Affairs, Department of Financial Services, Department of Revenue (CBDT), Ministry of Home Affairs, Ministry of Electronics and Information Technology, Reserve Bank of India, NITI Aayog and State Bank of India on 15th March, 2017.\n\nThe Committee will \n(i) take stock of the present status of Virtual Currencies both in India and globally; \n(ii) examine the existing global regulatory and legal structures governing Virtual Currencies; \n(iii) suggest measures for dealing with such Virtual Currencies including issues relating to consumer protection, money laundering, etc; and\n(iv) examine any other matter related to Virtual Currencies which may be relevant.\n\nThe Government of India (GOI) has asked its citizens to comment/suggest their views on cryptocurrencies by 31st May, 2017.\n\n**It is observed that more than 97% of the comments/suggestions recieved by the GOI  are favourable.**",
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