I don't think there's a specific reason for that
Right. I bet that we had more sellers than buyers.
Topic: [2019-10-24] Bitcoin Price Crashed Today: 2 Reasons - page 2. (Read 299 times)
Right. I bet that we had more sellers than buyers.
I don't think there's a specific reason for that
We have been grinding through a bear market ever since we peaked at $19800 back in 2017. All that happened this year is that we have been gifted a bull run providing bag holders a rare opportunity to sell at +$10000 levels. I doubt we will ever get to see the price go back to its past high.
There will be bounces up along the way down to lower levels, but the best we have seen of this market was in 2017 and there may not be a return back to these levels anymore. The same fake usdt money is being recylced to pump the price where soon the last bit of real money will look for an exit.
There will be bounces up along the way down to lower levels, but the best we have seen of this market was in 2017 and there may not be a return back to these levels anymore. The same fake usdt money is being recylced to pump the price where soon the last bit of real money will look for an exit.
Why Bitcoin price crashed today? The moment most traders feared is upon us, Bitcoin price plummeted below $7,500 per coin. There are speculations that the bleeding may not stop anytime soon. It is expected that whales and daily traders will play wait-and-see and push the crypto market further down.
Let’s explore a few reasons why BTC price suddenly plunged.
1. Mark Zuckerberg grilled by Congress in Washington
2. Did Google Quantum computer results spooked investors?
Read more here...
This can be the "October Pest" we have been fearing to happen to Bitcoin. Instead of some celebration in line with the October Fest traditionally used as an excuse to drink a drum of beer, we are facing the probability of Bitcoin going lower further. To many, Bitcoin just fall out of flavor for now and they are waiting when it can get into the bottom of things so they can plan their entrance again, eyeing some more profits at the end.
I do not, however, agree with the two big reasons cited by this article as the possible reasons for the crash. These two reasons have been there already and I am sure already factored in with the price of Bitcoin weeks ago. What can be clear for me is that there is no solid grounds why this sudden "crash" is happening and this is not shocking as Bitcoin can move south or north for no reason at all...or at least not that visible for now.
We can convert this "October Pest" into an opportunity, however, just like turning lemons into lemonade. Cheers to that!
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