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).

Quote

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.

Quote

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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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.

larrylegend33

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Quote from: PDAngel on November 20, 2018, 06:48:57 AM

It is only natural to the market and it happened already many times. There are few reasons why this is happening but for me there is a big possibility that big whales are dumping their share in order to lower the price and buy it back again to make a good amount of profit.

So if you are a wise trader, you should also make this crisis into opportunity to buy more and store it in your wallet for months or even years until you will be satisfied with the price to sell.

I felt happy after i read your comment, because i would like to think in that way too badly! Yes there was many crisis like this one before and i have seen that.. But i think this time it is bit of different.. Everyone talks about the bitcoin price falling to 1k and then the bulls market would start.. I really can't decide what to do now.

Renal

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with bitcoin prices falling now that most people panic with the market where all sell bitcoins they have if you follow my advice that this will soon pass it is better we save the bitcoin we have as our assets in the future because bitcoin will not go too far.

cabron

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Quote from: mohammedmattar on November 20, 2018, 07:06:24 AM

Quote from: Stedsm on November 20, 2018, 06:51:15 AM

The fight between two big groups who've once been supporters of BTC - Roger Ver and Craig Wright (and his underground partner Calvin Ayre) about what to mine and which one to support (Craig came with BSV Bitcoin Satoshi's Vision concept whereas Roger had been supporting his very founded coin BCHSV). Craig warned publicly through media that if his coin doesn't get sufficient hashrate, he'll then need to buy more power for which he won't hesitate to drop BTC down even under $1000 and the sudden move of BTC from 6200 straight down to 5700 in a matter of hours shook the whole market due to which investors lost their confidence in crypto sphere and we're seeing the most awaited bloodbath in the history of crypto that swiped away more than 40 bn in just one day.

Unfortunately, the founders of the crypto show this low awareness
It was my opinion that crypto would suffer both of these fools and lose investor confidence
I belong to the end of these blood baths soon.

Doesn't this prove how centralize BTC and BCH are that miners can destroy the entire product and its community?

What Roger Ver is doing is making this crypto toxic while he kept shouting in interviews about him promoting anything that will bring economic freedom. IT looks like these guys are the ones destroying it. Will he once again fork his coin soon after this fork just so he can dump again?

meanwords

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This thread proves to be informative. I can see the manipulation behind it and that sudden dump in price is because of the investors getting their confident in Bitcoin lowered because of some FUD and what the founders had said. We will see more in the next few months on what will happen next in the cryptocurrency world.

KingScorpio

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Quote from: levyashin on November 20, 2018, 08:23:05 AM

Actually nor btc 4000$ or nor eth is 100$ right now, they can drop to these figures but right now 4450 to 130 would be correct numbers.

I can provide two points of view one is optimistic and one is pessimistic. You can choose what to believe.

Optimistic: It is finding the bottom to start pumping again and entering into a bull market.

Pessimistic: Bubble has burst and everything will turn to zero.

3k is next target i am saying this since quite a while and i gave good reasons for that

levyashin

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Actually nor btc 4000$ or nor eth is 100$ right now, they can drop to these figures but right now 4450 to 130 would be correct numbers.

I can provide two points of view one is optimistic and one is pessimistic. You can choose what to believe.

Optimistic: It is finding the bottom to start pumping again and entering into a bull market.

Pessimistic: Bubble has burst and everything will turn to zero.

cpoer2011

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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.

gilangIDR

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I do not find it strange that this condition occurs, because we all know that this situation has often happened before. The price movement of Bitcoin and Altcoin is already quite terrible so we feel in a panic situation. I hope everyone can think quite positively, we all must continue to support the use of Bitcoin, because that is one of the points to increase positive changes for Bitcoin and other coins. If we are only carried away in a panic situation, the condition will worsen.

osmo

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I don't know for sure the reason, I read the news that there was a survey from KPMG public accountants who warned investors that bitcoin was not ready to be classified as a real currency that could be used to store value and payment instruments. maybe this is what makes crypto prices drop sharply

jrrsparkles

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It looks like high manipulation causing the prices too fell very low of this year but still the prices can get back to high when the investors are think that the bottom level is reached so let's wait for their decision to bump the coins and you also can get more profits like the big investors do.

runam0k

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Quote from: Stedsm on November 20, 2018, 06:51:15 AM

The fight between two big groups who've once been supporters of BTC - Roger Ver and Craig Wright (and his underground partner Calvin Ayre) about what to mine and which one to support (Craig came with BSV Bitcoin Satoshi's Vision concept whereas Roger had been supporting his very founded coin BCHSV). Craig warned publicly through media that if his coin doesn't get sufficient hashrate, he'll then need to buy more power for which he won't hesitate to drop BTC down even under $1000 and the sudden move of BTC from 6200 straight down to 5700 in a matter of hours shook the whole market due to which investors lost their confidence in crypto sphere and we're seeing the most awaited bloodbath in the history of crypto that swiped away more than 40 bn in just one day.

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

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). 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

allthebitandbobs

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Quote from: BitcoinPanther on November 20, 2018, 07:26:04 AM

Seem there is really some problem and that maybe the reason why the price keep going down. I sent a bitcoin transaction from exchange last night (huobi to be precised) and it took more than two hours to be confirmed. Seem there is some people behind this event, meaning some organize move to FUD Bitcoin and drive its price down. Some confusion between BCH and BTC and now miners stuff, though I can say, instead of seeing this as dreadful thing this is a good sign that Bitcoin will rebound soon, I believe someone is manipulating the market to get Bitcoin cheaper.

As of ETH, it is overly hyped last year I guess, and there are lots of unfixed bug within that network so it is right to see it go down.

Remember the Bitcoin Cash crowd own a lot of bitcoin and most of the miners.I assume there hopeing if they drive the price low enough miners and people will start using their version of bitcoin instead.Craig white talked about this in a few interviews already.I think they're in danger of killing the goose with that lay the golden eggs. Since i see people and investor switching to more stable coins like true USD and POS coins then making one of the bitcoin forks the new king

Gamblet

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Now there are many intrigues connected with BitcoinCash on the market and this is due to the large number of sales. Buyers want to buy cheaper. and for this they do not interfere with selling to those who want to do it.

Harkorede

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There are so many controversial news/events surrounding the market and as such made it fall beyond redemption at least for this year, that's my opinion. Hopefully we could have a significant change in the 1st quarter of next year and that would subjected to if there aren't as much controversial news surrounding the market as we are currently witnessing.

BitcoinPanther

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Seem there is really some problem and that maybe the reason why the price keep going down. I sent a bitcoin transaction from exchange last night (huobi to be precised) and it took more than two hours to be confirmed. Seem there is some people behind this event, meaning some organize move to FUD Bitcoin and drive its price down. Some confusion between BCH and BTC and now miners stuff, though I can say, instead of seeing this as dreadful thing this is a good sign that Bitcoin will rebound soon, I believe someone is manipulating the market to get Bitcoin cheaper.

As of ETH, it is overly hyped last year I guess, and there are lots of unfixed bug within that network so it is right to see it go down.

Pursuer

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I thought ETH is worth at least $50 by now. I am surprised that it is still overvalued by that much. it really needs to go a lot lower than this to be considered at a healthy value since this year it has lost all of its market as ICOs continued to die with all the scams and all the bans that occurred in different countries.
I am wondering what they plan on doing with their fork coming. there will be another big dump by then as people panic because of its splitting into two coins with that fork.

boyptc

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If many investors are going to leave the mid-market then there will be more to come. Why? there will be a lot of cheaper bitcoin that's on sale and this is what most investors love to see.

They are just waiting for those people to get out and sell their coins so they can finally have it with the cheapest price.

mohammedmattar

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Quote from: Stedsm on November 20, 2018, 06:51:15 AM

The fight between two big groups who've once been supporters of BTC - Roger Ver and Craig Wright (and his underground partner Calvin Ayre) about what to mine and which one to support (Craig came with BSV Bitcoin Satoshi's Vision concept whereas Roger had been supporting his very founded coin BCHSV). Craig warned publicly through media that if his coin doesn't get sufficient hashrate, he'll then need to buy more power for which he won't hesitate to drop BTC down even under $1000 and the sudden move of BTC from 6200 straight down to 5700 in a matter of hours shook the whole market due to which investors lost their confidence in crypto sphere and we're seeing the most awaited bloodbath in the history of crypto that swiped away more than 40 bn in just one day.

Unfortunately, the founders of the crypto show this low awareness
It was my opinion that crypto would suffer both of these fools and lose investor confidence
I belong to the end of these blood baths soon.

yazher

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This is the worst fall I've ever seen, since I join the Crypto Industry, But still I don't recommend to sell your coins today. Hodling it until the last Dollar will make you feel the feeling of a real hodler. Let just wait for the outcome of this fall, Let just hope that it won't finished and die soon. we still have some dreams to chase and hope to fulfilled.

Stedsm

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The fight between two big groups who've once been supporters of BTC - Roger Ver and Craig Wright (and his underground partner Calvin Ayre) about what to mine and which one to support (Craig came with BSV Bitcoin Satoshi's Vision concept whereas Roger had been supporting his very founded coin BCHSV). Craig warned publicly through media that if his coin doesn't get sufficient hashrate, he'll then need to buy more power for which he won't hesitate to drop BTC down even under $1000 and the sudden move of BTC from 6200 straight down to 5700 in a matter of hours shook the whole market due to which investors lost their confidence in crypto sphere and we're seeing the most awaited bloodbath in the history of crypto that swiped away more than 40 bn in just one day.

PDAngel

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It is only natural to the market and it happened already many times. There are few reasons why this is happening but for me there is a big possibility that big whales are dumping their share in order to lower the price and buy it back again to make a good amount of profit.

So if you are a wise trader, you should also make this crisis into opportunity to buy more and store it in your wallet for months or even years until you will be satisfied with the price to sell.

Caroyln Facemire

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I'm not a miner neither a trader, but I can say for sure Tokens to turn to cents value without appropriate regulation. As soon as B-coin drops under 1 K$, it will systematically switch to survival mode , and maybe lasts for decades or more but with a significant low value as a currency, neither it becomes an asset.

Bounty Don

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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?

Topic: BTC 4000$ and ETH 100$ Now, what happened in crypto market? (Read 630 times)