Could this be the reasons of the recent downtrend in the crypto market?

puremage111

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Quote from: StatesManG on November 22, 2018, 12:52:37 AM

So I read from a news today on CCN https://www.ccn.com/vc-investor-outlines-3-major-factors-behind-65-billion-crypto-market-wipeout/ and a popular VC Chris Burniske stated that the 3 major reasons for the recent market fall was because
1) The US market retracement
2) Sell-off of Ethereum
3) The Bitcoin cash hard fork.

Do you think he is right?

I think the US Market don't actually fluctuate the market that hard
Bitcoin Cash hard fork might be one point

But the main reason is still with the Supply Demand theory
You can see the volume has been going down to 8-9B trading volume per day which means whenever the Bears volume exceed the Bulls, it could create a downward pressure towards the price of the market

coaprotet

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There are much more reasons for a falling market. That ICOs have fixed their fiat profit, this awful hardfork and the whole situation on the market is pretty depressing. But I have no doubts that the end of the falling market is near.

JeBro

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Living is easy with eyes closed ...

I think the main reason for the fall of the crypto market is the actions of manipulators trying to minimize the prices of Bitcoin and altcoins in order to extort coins from very inexperienced beginners at very low prices. Therefore, a panic was provoked, resulting in massive sales. In addition, at the end of the year, the BTC is usually always reduced. However, the fundamental factors suggest that growth is not far off.

chairmanMao

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Yes, these are the reasons why the cryptocurrency has gone down as a whole. But the cryptocurrency market is like this. Perhaps cryptocurrencies will continue to decline in the coming months, but they usually have no reason.

Herbert2020

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only the third reason is the real reason behind the recent market crash.
although bitcoin-cash fork had nothing to do with bitcoin and its price, but sometimes in bitcoin market some very irrelevant events can cause a panic sell. and the whales and the FUD media center have always loved these situations to put more wood in the fire that is already burning and make themselves a bigger profit. so the result was this big drop which then caused the avalanche like dump in altcoins.

Absolutep

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I want to believe that the hardfork and the sell off had some much impact negatively and that is why we have the great fall in price of both BTC and ETH.

batang_bitcoin

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Quote from: onirecon2018 on November 27, 2018, 11:37:26 PM

The downside is that people can think a lot but think back to the motivation for bitcoin growth. I find this stage really no motivation for bitcoin growth. So in my opinion it's a normal drop.

You look at the phase of bitcoin at this moment, so you never found any motivation.

But if you are an enthusiasts and you know how to grip with the current situation, you'll take this as a motivation to keep on stocking more bitcoin on your wallet. Whatever the reason of the markets drop now, take time to analyze it and check your position.

Sarisang

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the reason for the ethereum and hardfork of the bitcoin cash is considered quite reasonable. ethereum as the main factors that could affect another crypto in this regard. aggravated again with conditions where many are gone leaving the market because of fear and this makes getting down.

onirecon2018

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The downside is that people can think a lot but think back to the motivation for bitcoin growth. I find this stage really no motivation for bitcoin growth. So in my opinion it's a normal drop.

treatWy

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The downtrend is not due to ethereum crash but because of valid issues that made crypto to crash. Businessman's knows what they are exactly doing that sometimes they alone who understand the trend which is unfair. Anyway, the market crash have limit time so keep waiting and have more patient to be with recovery someday.

yanto@1977

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Quote from: StatesManG on November 22, 2018, 12:52:37 AM

So I read from a news today on CCN https://www.ccn.com/vc-investor-outlines-3-major-factors-behind-65-billion-crypto-market-wipeout/ and a popular VC Chris Burniske stated that the 3 major reasons for the recent market fall was because
1) The US market retracement
2) Sell-off of Ethereum
3) The Bitcoin cash hard fork.

Do you think he is right?

Could be right but I believe no one has the right answer, prediction only. I think still try to find reason why market so bad is wasting time, do something to fix our strategy or try new make money method is worth. Past is past but we must see straight a head to change our future. Many ways to make money already there out side crypto market, try get one and leave crypto for now.

NaXxow

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it is holiday season of course hehe, kidding aside but this is also a reason for everyone not only big institution who manages crypto assets. majority of crypto holders are individuals, the reaso it sustain its price is that supports are there, definitely bull market will come again.

fedben

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XCRYPT

I do not think the US government could affect the recent downtrend of crypto because Bitcoin appears to be decentralized. Other reasons might appear to be true, though. But all I hope for is for the market to get better.

crypt0.r3negades

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There is something to do with the last recent fork of BCH. Because after the fork of bch, many miners if bitcoin are cashing out and transferring to the new fork of BCH because they can have good gain for mining. Resulting for price of bitcoin to collapse. And also there is a big sell-off in ethereum coin, causing also major dropout.

Desscount

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ComboLabs

Quote from: StatesManG on November 22, 2018, 12:52:37 AM

So I read from a news today on CCN https://www.ccn.com/vc-investor-outlines-3-major-factors-behind-65-billion-crypto-market-wipeout/ and a popular VC Chris Burniske stated that the 3 major reasons for the recent market fall was because
1) The US market retracement
2) Sell-off of Ethereum
3) The Bitcoin cash hard fork.

Do you think he is right?

3) The Bitcoin cash hardfork. the strongest cause of the fall of bitcoin was after the failure of bch to sell their tokens and make opinions and partner with fakesatosi to create panic, and they succeeded, but the failure of bch became increasingly useless.

passwordnow

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Quote from: StatesManG on November 22, 2018, 12:52:37 AM

So I read from a news today on CCN https://www.ccn.com/vc-investor-outlines-3-major-factors-behind-65-billion-crypto-market-wipeout/ and a popular VC Chris Burniske stated that the 3 major reasons for the recent market fall was because
1) The US market retracement
2) Sell-off of Ethereum
3) The Bitcoin cash hard fork.

Do you think he is right?

You forgot that the institutions are pulling the market down so they can buy more cheap coins like bitcoin.

This is the preparation of massive adoption by 2019 so those weak hands can keep on selling their coins at the cheapest price.

Siegtal81

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Global Trans-Fee Mining Exchange

The recent recession has been very difficult for me. I have long felt that my nerves are at the limit because of the cryptocurrency and I can only wait for the fact that there will be positive changes

qazgroup

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RiveMont

I do not think there is any solid justification for the downtrend, in my opinion the market and specifically btc and eth went up too quickly and created fake value out of fomo and hype now market is realizing this from last few months and settling to fair price but remember this is crypto we may expect another pump or big growth anytime.

mummybtc

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Quote from: StatesManG on November 22, 2018, 12:52:37 AM

So I read from a news today on CCN https://www.ccn.com/vc-investor-outlines-3-major-factors-behind-65-billion-crypto-market-wipeout/ and a popular VC Chris Burniske stated that the 3 major reasons for the recent market fall was because
1) The US market retracement
2) Sell-off of Ethereum
3) The Bitcoin cash hard fork.

Do you think he is right?

This correction is bound to happen whether you like it or not, it is just that the recent incidences just accelerate this dump. Ethereum for one is ripe for correction what made it is what is rining it down, ICO are selling their Ethers at huge loss because they need to pay for the development of their platform

damberg

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Quote from: StatesManG on November 22, 2018, 12:52:37 AM

So I read from a news today on CCN https://www.ccn.com/vc-investor-outlines-3-major-factors-behind-65-billion-crypto-market-wipeout/ and a popular VC Chris Burniske stated that the 3 major reasons for the recent market fall was because
1) The US market retracement
2) Sell-off of Ethereum
3) The Bitcoin cash hard fork.

Do you think he is right?

I would say that Bitcoin Cash hash war is the main reason for recent slump in cryptocurrency market. Ethereum sell-off has been a long term effect for a few months, and it might not get better in the following weeks.

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