Topic: Bitter truth behind the market crash - page 5. (Read 891 times)
number 2 & 3 sound convincing to me, it's mostly from sellers and buyers isn't it?
i think its good correction.bitcoin will rise soon.just be patient 
reward will come
reward will come
It is good, but scared retail investors for a long time. I doubt we will see them until we bust through that 20k again. And even then it is doubtful, i dont know if they will be brave enough to jump in it again...
I find this outline particularly insightful especially the part about new investors who bought in dec/jan. They all started panicking and sold off their coins.
Crash in market is happening because we are using crypto asset for just trading purpose not for other application. In decentralize only we people can control the prices of any asset because only two factors are considering demand and supply of asset. Now a days we can see that when any bad news come then people start selling bitcoin. this cause crash in price.
You forgot to mention the other reason for ethereum crashing. It is true that the ICO market has been diluted and it is becoming more difficult to separate the good ones from the scammers, but also they are cashing out their eth tokens that people invested. This is putting downwards pressure on all invested coins btc and mostly eth.
There is a very good chance that it could blow right through 6k and keep going to the 2k area. This has proven to be an extended downturn. We might see another repeat of the 2013-2015 crash and burn.
We think that there is a lot of reasons behind why bitcoin drop down together with altcoins. But whatever is it i still think positive a nd believe that bitcoin will recover soon even slowly but surely. Have patience,long long patience.
Let me fix your last paragraph for you
What will happen next?
1. I have no idea but I guess whales will buy up coins at low prices to make 1.5x profits (I just made this number up)
2. Some people will leave the Crypto market (There are always people leaving and joining the market at any given time)
3. Believers will HODL. (And either gain or lose money)
4. I have no idea how the market will look like in the future but I hope it will slowly recover
If you can say with 100% certainty what the market looks like in the future you would be the richest man on the planet. The hard truth? The market is unpredictable and its impossible to know what will happen in the future
What will happen next?
1. I have no idea but I guess whales will buy up coins at low prices to make 1.5x profits (I just made this number up)
2. Some people will leave the Crypto market (There are always people leaving and joining the market at any given time)
3. Believers will HODL. (And either gain or lose money)
4. I have no idea how the market will look like in the future but I hope it will slowly recover
If you can say with 100% certainty what the market looks like in the future you would be the richest man on the planet. The hard truth? The market is unpredictable and its impossible to know what will happen in the future
Please read again what i have said.
I haven't done a price prediction or a market analysis in the post. What i have said is about Crypto commmunity and how they behave in my experience.
The rally in bitcoin made headlines all over the world and it attracted many people to invest into bitcoin and some have made a fortune in this market and some have lost their money when they never anticipated a correction, plan on holding the coins for some more time and you will benefit in it, but one thing i want to see is alt coin rally and i am expecting all the alt coins to rise soon.
That's not a bitter truth but rather a dumb and obvious one. People who invested back in November-Dec who believed that the market would be able to hold such an artificial pricing are the ones who are at fault of the crash, given that they added so much weight in to an already heavy and unstable pricing. No wonder whales were so happy during that run since they raked in a huge profit for themselves, dumping on the overly-optimistic ones who don't know anything about the markets but still decided to give it a go. Right now, the prices are in a slump, but we're still in a good shape considering that we are @ sub-$1000 only 2 years ago.
They didn't know the pricing is artificially inflated. If you look at the adoption curve It's difficult to say at what point we are now and it's especially difficult for a newcomer. Many people don't deal with stocks and are not interested in TA, charts and all that stuff. They see that the price was exploding before and now it has exploded even more, does that mean we used to be in the adopters stage and now are getting into the "early majority"?
There may be a time when this jump happens again, but this time it won't even reach half of the slope during the correction, it will keep going up to 50K USD and beyond.
I'm not a dreamer here, look at the logarithmic price chart.
good prediction, I think idiots always make the market crash, they are idiots and selfish, they only think of themselves, and do not think about how the impact after he sells bitcoin. but does Kobayashi who has sold 3000000 BTC is an idiot?
yes, the correction conditions make everyone panic, especially for beginners, so the biggest factor affecting bitcoin values is like you saying :
80% of them have 0 technical knowledge about Cryptocurrencies.
90% of them does not believe in Bitcoin.
70% of them just wanted some quick profit.
and it is appropriate.
yes, the correction conditions make everyone panic, especially for beginners, so the biggest factor affecting bitcoin values is like you saying :
80% of them have 0 technical knowledge about Cryptocurrencies.
90% of them does not believe in Bitcoin.
70% of them just wanted some quick profit.
and it is appropriate.
To be honest, I believe that we need mass awareness in terms of almost every aspect to deal with such chaotic situation. It was big whales who were playing in the market with their capital and newbies were burning their own hands by trading (entry/exit) at wrong points of time. Bitcoin/crypto market is still comparatively new and it will take much time to see high average awareness level among the users.
I agree with you completely, especially that Zero Crypto knowledge peoples part.
this may sound weird but i still think a big part of the current bitcoin drop has been because of all the altcoin dumps so far, not all of it though.
i mean if you think about it, something like 80-90% of the altcoins either don't have a fiat market at all or only has it in small exchanges like Yobit which nobody ever uses. so if someone wanted to dump them and get back to fiat they have to dump them for bitcoin then sell their bitcoin to get fiat. that is a lot of bitcoins being sold by newbies!
i mean if you think about it, something like 80-90% of the altcoins either don't have a fiat market at all or only has it in small exchanges like Yobit which nobody ever uses. so if someone wanted to dump them and get back to fiat they have to dump them for bitcoin then sell their bitcoin to get fiat. that is a lot of bitcoins being sold by newbies!
Taken together, these events may simply act as another reminder of the “volatility” of the cryptocurrency market, which saw bitcoin rise to a peak of $19,783 on December 17th. Bitcoin has gone through multiple crashes before: in spring 2011, in November 2013, and in January 2017. However, this current bubble comes against a new backdrop: a global tide of regulation against the inchoate cryptocurrency industry. On one hand, these regulations may be scaring bitcoin investors into selling their coins now before the full impact of regulation makes itself felt. On the other, it may also be threatening suspect exchanges such as BitConnect, with its own token declining in value by 46 percent between December 17th and January 15th — the day before it announced its closure.
Well said - I think that's it in a nutshell. This would be a crash in any other asset, but in Bitcoin it's just another day.
You actually summed that up pretty good. Nothing to contribute here, but I really have to say..... Well done!
The observation might be correct but it's not a bitter truth behind the market crash, the real cause is the high volatility and the FUD and some "bad news" spread by the government authorities and some financial institutions that did not want the Bitcoin to alter their way of financial transactions.
You have very solid points to your claim. These are all really possible factors, but not actually factual due to you putting percent values to them, but the idea yes you are correct. Don't forget the FUD created by the banks, financial institutions and financial moguls who helped spread the panic.
What will happen next? Lets repeat again the cycle isn't it the best option? People withdraw theit money due to panic, but as part of us who are still into Bitcoin let us invite people to come to exchange those who leave, thats another part of everyone that is here. I believe that when we invite more people the market will recover soon.
It is true that a lot of new investors joined due to hype and they usually panic sell. But we need new investors for bitcoins to grow, it is just that these investors should be made aware about the volatility in prices before investing. They will behave responsibly then.
Jump to: