BTC 4000$ and ETH 100$ Now, what happened in crypto market?

wuvdoll

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Quote from: Bounty Don on November 20, 2018, 06:38:00 AM

We know that most cryptos exchanged by Bitcoin and Ethereum. Bitcoin is also called King of the Crypto Bazar. Recently We have seen that most of the currency in the market is down. Many traders are concerned about this. Statistics show that after the fall of Bitcoin, the other currencies have the effect. Bitcoin and Ethereum prices have been down for a few months. Currently its price is 4000 and $ 100 respectively. Thus, if the price falls, the investors will be leave from the mid-market. And it could be a big loss for Bitcoin and the crypto industry.

Do you know the main reason, why the crypto price falls?

Both bitcoin and ethereum got closer to those levels but right now they do not have anything remotely similar to that. I think ethereum just got affected by the bitcoin run so we can start with that. Nothing happened to ethereum, the price got affected because bitcoin price dropped and ethereum of course dropped as well because the price was tied to value of bitcoin and when that drops ethereum drops too.

Moreover, bitcoin was self inflicted on the rich people trying to have a war between themselves and ruined bitcoin during those times. Someone sold a lot of bitcoins to fuel the fight, other followed suit and that kept going for a week before they decided they would rather keep their bitcoins or they would be fighting over corpses.

bittraffic

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Whats up with all the news about countries accepting cryptocurrencies and all the firms confirming the use of blockchain are these news all junks that these investors care to leave and sell at loss? It looks like those are all lies and it probably just those who were fooled hold while they cashout. But then anyway, I have cashout all the big investments I got though. Grin

South Park

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Quote from: bitcoin31 on November 21, 2018, 03:26:19 PM

I hope thay is only temporary because we need to see again value of the bitcoin and ethereum to become more 5000dollars for the bitcoin and for the ethereum is for thousands of dollars. Don't waste time buy more and you will be happy if vape of that two coin up.

The current prices that we are seeing are temporal, it is impossible for the value of cryptocurrencies to be so low, what we do not know is for how long this is going to last, maybe the prices could last for some days, some weeks or even some months, but if you are positive about the future of the market of cryptocurrencies I do not see why you could not take this opportunity to buy bitcoin or ethereum for cheap.

Bounty Don

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Quote from: bitcoin31 on November 21, 2018, 03:26:19 PM

I hope thay is only temporary because we need to see again value of the bitcoin and ethereum to become more 5000dollars for the bitcoin and for the ethereum is for thousands of dollars. Don't waste time buy more and you will be happy if vape of that two coin up.

I agree with your opinion. We also hope that, The market price will again pump. In this time Bitcoin & Ethereum price is very low so we should buy much crypto for future trade, and hold.

bitcoin31

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I hope thay is only temporary because we need to see again value of the bitcoin and ethereum to become more 5000dollars for the bitcoin and for the ethereum is for thousands of dollars. Don't waste time buy more and you will be happy if vape of that two coin up.

South Park

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Quote from: Bounty Don on November 20, 2018, 06:38:00 AM

We know that most cryptos exchanged by Bitcoin and Ethereum. Bitcoin is also called King of the Crypto Bazar. Recently We have seen that most of the currency in the market is down. Many traders are concerned about this. Statistics show that after the fall of Bitcoin, the other currencies have the effect. Bitcoin and Ethereum prices have been down for a few months. Currently its price is 4000 and $ 100 respectively. Thus, if the price falls, the investors will be leave from the mid-market. And it could be a big loss for Bitcoin and the crypto industry.

Do you know the main reason, why the crypto price falls?

The price had to go down, as you know the market of cryptocurrencies has not been very profitable for the last months so it is likely that many investors thought that it could be a good idea to get rid of their coins and invest in something else, and those that have a long term vision about what they want to achieve in cryptocurrencies a very happy about this because they get to buy coins with a huge discount.

Stedsm

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Quote from: runam0k on November 20, 2018, 07:52:45 AM

Meh, I don't think anyone seriously think CSW has access to any quantity of bitcoins (beyond the few that he has mined).

Whatever he did, he presented everything in such a manner that all his sub-whales dived in the well at his one single order (or maybe, a few big bears grabbed advantage of the opportunity and did what they wanted - gave a shot to bulls who went so weak after such statement of dump publicly arrived).

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I do think the Bcash and BSVision (ha, love that the Bcash people used this tactic) dumpster fire had some impact (public perception, people perhaps seeing Bitcoin and crypto generally as being vulnerable to forks, people believing nonsense about CSW wanting to destroy the price of Bitcoin, etc).

It wasn't really the belief in utter nonsense of CSV but the fear of Roger Ver shifting all the mining power of BTC.com from mining BTC to BCHABC.

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There's also the DoJ investigation into market manipulation (Tether related) and, of course, the crumbling of the ICO market (quite possibly encouraging founders to sell the last bits of their ICO proceeds and reducing demand for bitcoins and Ether from people who might otherwise have been encouraged to buy into ICOs).

Throw in FUD media pieces to add an air of inevitability to it all.

It will pass. Grin

Comparison of big fat BTC wallets with these ICO guys is literally worth nothing as they can all even can't make it down to 20 bn and what we saw was a freefall with all those big wallet holders selling off a big % to swipe off their BTC of markets through fiat.

hawkins

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if you ask what will happen to the market, of course the altcoin price will start to decline because it is affected by the prices of the decline of the two coins. so far, I have only seen the price of XRP that has survived.

xuan87

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That is what I afraid, once the investors see the price and the market it will create fear and can cause panic sell, and once the panic sell trigger then the price will start to drop even more, it could be a dangerous situation, and we will have difficulty to convince people to invest

bintangkejoraku

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https://saturn.black

I don't know for sure what really happened, this is the right time to not think about bitcoin for a while. I will close my laptop and go on vacation with family to get rid of this from memory.

allohm

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Quote from: arpon11 on November 20, 2018, 04:03:21 PM

The Chinese traders are dumping bitcoin and others cryptocurrencies hard and that is why the market is currently in red. Since yesterday till now cryptocurrencies market has lost over $40 billion and this should be a cause for concern for some of us that love Cryptocoins. I think the current fall in price was not expected and many people were speculating that the next price directions after the breakouts is going to be a bullish trend only for us to began seeing this huge dumped.

agreed. this fall was mostly unexpected or perhaps of a smaller intensity. However observe around you...it is not only crypto falling. Look at stocks as well. it seems like a controlled "de-bubbling" going on. Possibly crypto is the canary in the mine that goes down first. There seems to be a global withdrawal of liquidity from risky assets. Why? The million dollar question...some black swan event coming?

arpon11

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The Chinese traders are dumping bitcoin and others cryptocurrencies hard and that is why the market is currently in red. Since yesterday till now cryptocurrencies market has lost over $40 billion and this should be a cause for concern for some of us that love Cryptocoins. I think the current fall in price was not expected and many people were speculating that the next price directions after the breakouts is going to be a bullish trend only for us to began seeing this huge dumped.

Slow death

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Quote from: Bounty Don on November 20, 2018, 06:38:00 AM

Recently We have seen that most of the currency in the market is down. Many traders are concerned about this.

this has become news on all news channels and the comments are not encouraging, on the contrary they just pass more fear

Quote from: Bounty Don on November 20, 2018, 06:38:00 AM

Statistics show that after the fall of Bitcoin, the other currencies have the effect.

Of course, most altcoins are traded against bitcoin

Quote from: Bounty Don on November 20, 2018, 06:38:00 AM

Bitcoin and Ethereum prices have been down for a few months.

the prices are falling since January, it's been a long time

Quote from: Bounty Don on November 20, 2018, 06:38:00 AM

Currently its price is 4000 and $ 100 respectively.

bitcoin fell to $4250

ETH fell to $132

I did not see the price of the bitcoin fall to $4000 and also I did not see the price of ETH fall to $100.

Some people are making predictions that the price of bitcoin will fall below $ 4000 and that the price of ETH will fall to $ 100 because a lot of ICOs have been a failure and their Dev's are selling to cover operating costs

Quote from: Bounty Don on November 20, 2018, 06:38:00 AM

Do you know the main reason, why the crypto price falls?

lack of demand and lack of good news, but fortunately we have this:

Switzerland’s SIX To Launch Exchange-Traded Product (ETPs) As Alternative To Exchange-Traded Funds

NYSE Operator’s Bakkt Confirms End of January Launch Date For Digital Assets Platform

the future could be very good

maxamus

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Quote from: stillontop on November 20, 2018, 09:58:07 AM

In my opinion bottom has not been reached yet, I see 3500, 2500 and 1500 as realistic short term stops for BTC.
This hell of volatility will only be a thing of the past, if legal concerns are wiped out on a global scale and proof-of-work has to be left behind as well.

In every market/Trading there will be ups and downs. Especially for BTC the investors or some groups manipulating the price to go down and buy lot of coins in lower price then increase the demand of coins and earns huge profit is what they are planning. The price of the bitcoin dropped sharply because of the recent bitcoin cash fork. Hoping for the best to come in upcoming days.

stillontop

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In my opinion bottom has not been reached yet, I see 3500, 2500 and 1500 as realistic short term stops for BTC.
This hell of volatility will only be a thing of the past, if legal concerns are wiped out on a global scale and proof-of-work has to be left behind as well.

bitgov

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Do not forget that Bitcoin cost only few cents a few years ago. I'm not saying that a drop to $1 is possible, but it will not be a surprise for me when we see the level of $1000 in this year. I hope it will not happen, but here everything is possible ... well, almost everything ...

Of course this drops can not be forever. Im sure that 2019 will be the year of grow.

giantrobot

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This is really a surprise. I do not believe that with just a few days Bitcoin has dropped its price. I think Bitcoin will go up or down, but not at $ 6000 forever, but I do not think it's going too fast.
I think now is not the right time to buy, its price is now hard to guess.

Seeker#9

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The bitcoin and ethereum are now cheaper than the previous weeks and it may be time to add more bitcoins in our wallet. There are some considered reasons why the market is still bearish, the price of the bitcoin dropped sharply because of the recent bitcoincash fork. It think some groups are also manipulating the price of bitcoin to go down more then start buying again. This latest bitcoin price drop also dragged many altcoins price to go down also except for ripple.

Gheka

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Quote from: cpoer2011 on November 20, 2018, 08:19:20 AM

The main cause is the battle between Bitcoin Cash SV and Bitcoin Cash ABC because they are also the Bitcoin supporters. But, some people said that there are some whale who manipulated this situation to get cheap bitcoin before the pumped it and get profit from it. That's what I think.

I am also very suspicious that whales and big investors are wanting to completely control this market, they want to buy bitcoin at a super low price and then make a giant pump, and from what is happening in the present moment, they have really succeeded in their plans. However, I also have another concern, the worry is that the whales are wanting to stop this game, they are looking for the final profit from investors, they will push down the price of the market to a very low level and there is no recovery, this is the situation that I fear most

jointherevolution

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Simply put, in all markets what goes up will go down. If it is not a dead market this will continue an Bitcoin will be up again with te alts maybe next year.

Topic: BTC 4000$ and ETH 100$ Now, what happened in crypto market? (Read 627 times)