Is there an only reason for the current market?

gabmen

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Quote from: Bakemat on July 12, 2018, 04:23:49 PM

Quote from: Don Pedro Dinero on June 19, 2018, 01:01:51 AM

I’ve been thinking about it and I don’t find an only reason for what’s happening.

The main reason for the drop in December, 2013, and the following bear market was the Mt. Gox scandal but for the current one there seem to be different reasons.

I’m sure one of them was the too heavy bull market last year. This brought many people to the crypto market, attracted by a get-rich-quick thought, and when the market turned down, they were the first to sell.

What do you think? Is there just one or many? Which ones?

I believe that most of the people today are selling their coins and that is the reason why it was dumping even more but if people will continue to hold or invest even more then the market price will obviously increase even more.

Yeah most of us didn't see an extended bear market looming after that december boom. A correction was expected but i don't think a lot expected it to be this way. But that's not the only exclusive reason though as fud after fud kept coming especially during the first quarter of the year. And as the price drops, more people are seeing first hand how volatile this market can be

Bakemat

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Quote from: Don Pedro Dinero on June 19, 2018, 01:01:51 AM

I’ve been thinking about it and I don’t find an only reason for what’s happening.

The main reason for the drop in December, 2013, and the following bear market was the Mt. Gox scandal but for the current one there seem to be different reasons.

I’m sure one of them was the too heavy bull market last year. This brought many people to the crypto market, attracted by a get-rich-quick thought, and when the market turned down, they were the first to sell.

What do you think? Is there just one or many? Which ones?

I believe that most of the people today are selling their coins and that is the reason why it was dumping even more but if people will continue to hold or invest even more then the market price will obviously increase even more.

noah tall

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Quote from: MinMan on June 22, 2018, 06:50:13 AM

Quote from: creeps on June 19, 2018, 11:34:02 PM

Quote from: laravuemaster on June 19, 2018, 06:27:32 PM

Quote from: vit05 on June 19, 2018, 06:14:36 PM

There is more negative news them positive ones. More regulation, hackers, stupidity decisions, fight, scams, bad companies. We need to start to have more great news. A lot of people are just scared about the market. A lot of newbies have lost a lot of money and people just say they will recover because that has happened in the past. But that is not enough. People need more incentives that make them secure enough to change from fiat to cryptocurrencies.

I believe that negative news or fud is the reason why the prices of cryptocurrency today in the market is decreasing and most of the people today are panicking to sell their coins, in this way they are only making the price to dump even more but those people who are well knowledgeable about the market is just holding their coins because they knew that the price will still go back to normal.

No specific reasong because a lot of scam news happening around cryptomarket and people are panicking but I think its not good decision to sold your holdings just because the market is dumping, trust this market and it will grow again. Though this market is high volatile we can still hope that one day our desired profit will come to us.

Yes, we know that the market gets affected by some major things out of which is the demand factor is the major factor which is responsible for the value of Bitcoin. The more the demand increases the more the price increases and vice versa. Currently the market of Bitcoin is low and a lot of people are taking the ways straight towards this favorable market so this will increase the market value soon.

In my opinion there are many reasons for the current market situation. Two big reasons are the whale’s manipulation and the low demand from the investors. When manipulation is controlled the price will grow again and when new investors put their money in bitcoin the price will grow more and may we see another bug pump in the price in the near future.

fabrizoc

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Quote from: Herbert2020 on June 22, 2018, 12:25:40 AM

Quote from: timerland on June 20, 2018, 02:57:30 PM

Some people say it's because of futures, but to me, a correction was inevitable as soon as bitcoin hit $10k which signified some pretty unsustainable growth. That's just how the markets move, in cycles. And right now, we're just in a bearish phase.

i don't think anybody is denying the fact that $20k was indeed a bubble and we needed a correction from it. i think every single speculator agrees about that. the disagreement is about where should the correction have stopped at.
i'd say dropping down to $10k or even $9k was acceptable correction and it was done. the rest of the drop was not. it was pure manipulation and whales dumping that caused that drop.

Yeah you are right and there is no doubt that we are in a bearish situation but I think that for the current market situation there are many reasons and the low demand is the big reason for fall in the price. When people come back to bitcoin this worst situation will end and the price will be on the way up. But that time we should not be worry about the current position.

Slash61

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Quote from: Lampaster on June 19, 2018, 04:02:51 AM

Quote from: Slow death on June 19, 2018, 03:23:34 AM

Quote from: Don Pedro Dinero on June 19, 2018, 01:01:51 AM

What do you think? Is there just one or many? Which ones?

The regulations that many governments around the world are implementing, the "persecutions" that many banks are doing against bitcoin, The social networks have taken tough stances against bitcoin because according to them they still lack clear regulation, the visa and mastercard are also other companies that have taken a tough stance against bitcoin because according to them still lack clear regulation, See that to countries like Japan and South Korea have adopted tough stances on the exchange. so these factors are reducing the demand for bitcoin and consequently the price is falling every day.

I agree with your every word. I would only add that it is impossible in this situation to blame only the banks and the government. Largely to blame themselves users. I have heard many positive reviews about the legalization of cryptocurrency. Cryptocurrencies attract a lot of random people and speculators. This is the main problem.

Really do not think the government and the bank are the worst cause but anyway a very deep decline will happen, where the soaring price is very risky for the massive sale of each user and may not also buy at a very expensive price, let alone Bitcoin altcoin the price is quite cheap also often experienced the same incident, which only enjoy after the glory and wait back at cheap price, everyone also do not want to take risks.

shone08

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Quote from: bozo333 on June 22, 2018, 08:30:45 AM

Quote from: Ngemmeng on June 22, 2018, 06:55:45 AM

the market is currently in a bad state, bitcoin prices are still not stable to date. there is no reason whatsoever for the current market except wait and keep holding.

I think this week it is stable because it is maintain a same range of growth so crypto market already stay in a normal state. But everyone expectation is as soon as possible bull run start in the market. My suggestion is we should buy more automatically this will raise in the market and we should expect good in future otherwise it is stay in a same place.

But take a look on bitcoin price right now it starting to falling down again the next target in my technical analysis is $5800 before a big pump up happen so the price are not yet stable this is a pump and dump situation again, I have a high believe in the next quarter of this year the price will explode more market volume,more demand = pump.

miyaka26

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Quote from: GoldenLad on June 20, 2018, 05:50:22 PM

I personally don't think the current market price is linked with any reason.

There is, in fact, the effect was done by the past happenings the manifestation of the bad news and the market correction was affecting the current price of bitcoin and most of the altcoins you can add those FUD's to bring the price down, you can add the hacking incidents lately, of course people can create out of that news to twist it into FUD and misleading contents.

bozo333

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Quote from: Ngemmeng on June 22, 2018, 06:55:45 AM

the market is currently in a bad state, bitcoin prices are still not stable to date. there is no reason whatsoever for the current market except wait and keep holding.

I think this week it is stable because it is maintain a same range of growth so crypto market already stay in a normal state. But everyone expectation is as soon as possible bull run start in the market. My suggestion is we should buy more automatically this will raise in the market and we should expect good in future otherwise it is stay in a same place.

Ngemmeng

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the market is currently in a bad state, bitcoin prices are still not stable to date. there is no reason whatsoever for the current market except wait and keep holding.

MinMan

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Quote from: creeps on June 19, 2018, 11:34:02 PM

Quote from: laravuemaster on June 19, 2018, 06:27:32 PM

Quote from: vit05 on June 19, 2018, 06:14:36 PM

There is more negative news them positive ones. More regulation, hackers, stupidity decisions, fight, scams, bad companies. We need to start to have more great news. A lot of people are just scared about the market. A lot of newbies have lost a lot of money and people just say they will recover because that has happened in the past. But that is not enough. People need more incentives that make them secure enough to change from fiat to cryptocurrencies.

I believe that negative news or fud is the reason why the prices of cryptocurrency today in the market is decreasing and most of the people today are panicking to sell their coins, in this way they are only making the price to dump even more but those people who are well knowledgeable about the market is just holding their coins because they knew that the price will still go back to normal.

No specific reasong because a lot of scam news happening around cryptomarket and people are panicking but I think its not good decision to sold your holdings just because the market is dumping, trust this market and it will grow again. Though this market is high volatile we can still hope that one day our desired profit will come to us.

Yes, we know that the market gets affected by some major things out of which is the demand factor is the major factor which is responsible for the value of Bitcoin. The more the demand increases the more the price increases and vice versa. Currently the market of Bitcoin is low and a lot of people are taking the ways straight towards this favorable market so this will increase the market value soon.

Herbert2020

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Quote from: timerland on June 20, 2018, 02:57:30 PM

Some people say it's because of futures, but to me, a correction was inevitable as soon as bitcoin hit $10k which signified some pretty unsustainable growth. That's just how the markets move, in cycles. And right now, we're just in a bearish phase.

i don't think anybody is denying the fact that $20k was indeed a bubble and we needed a correction from it. i think every single speculator agrees about that. the disagreement is about where should the correction have stopped at.
i'd say dropping down to $10k or even $9k was acceptable correction and it was done. the rest of the drop was not. it was pure manipulation and whales dumping that caused that drop.

GoldenLad

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I personally don't think the current market price is linked with any reason. Sometimes, these dumps do happen out of no reasons. Though, the price may dip a little as a result the constant buying and selling in the market then all of a sudden some people started spreading FUDs. Which will make some investors who listened to it to start selling off.

Superways

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Quote from: cryptokwuk on June 20, 2018, 11:32:15 AM

The reason is, the system doesn't work in the real world.
Nobody in a real economy wants an inefficient public ledger that can't even scale, loses or gains value like a roller coaster, uses insecure technology that is a decade old.

This is the system of future and advanced people. The older people do not understand it and they will not survive if they will not accept it and adopt it. The market was down because of the older/classical people who not want to involve in this technology but sooner they will realize that they were on mistake and they will either adopt it or they will die up with their older system.

timerland

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To me, the biggest reason is still probably the fact that the growth that was seen through the bull market was just unsustainable for the long run, and it had to end sooner or later. And when it did end, the amount of weak hands in the market meant that a panic dump was inevitable as the market sentiment shifted to the pessimistic end.

I don't think that exchange hacks have played much of a role in this year's crash, actually.

Some people say it's because of futures, but to me, a correction was inevitable as soon as bitcoin hit $10k which signified some pretty unsustainable growth. That's just how the markets move, in cycles. And right now, we're just in a bearish phase.

fabiorem

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Quote from: cryptokwuk on June 20, 2018, 11:32:15 AM

The reason is, the system doesn't work in the real world.
Nobody in a real economy wants an inefficient public ledger that can't even scale, loses or gains value like a roller coaster, uses insecure technology that is a decade old.

Finally the prodigious son to home returns.

cryptokwuk

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The reason is, the system doesn't work in the real world.
Nobody in a real economy wants an inefficient public ledger that can't even scale, loses or gains value like a roller coaster, uses insecure technology that is a decade old.

whirlcoin

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Quote from: Don Pedro Dinero on June 19, 2018, 01:01:51 AM

I’ve been thinking about it and I don’t find an only reason for what’s happening.

The main reason for the drop in December, 2013, and the following bear market was the Mt. Gox scandal but for the current one there seem to be different reasons.

I’m sure one of them was the too heavy bull market last year. This brought many people to the crypto market, attracted by a get-rich-quick thought, and when the market turned down, they were the first to sell.

What do you think? Is there just one or many? Which ones?

The only reason for the price fall is fall in demand,but the factors regarding this many as you said it may follow the trend like what happened in 2013 but no one exactly knows the reason behind it.Whatever comes I still holding the coins and the if.you think that this follow the past trend then this is a great chamce to invest.

Whosdaddy

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Quote from: Don Pedro Dinero on June 19, 2018, 01:01:51 AM

I’ve been thinking about it and I don’t find an only reason for what’s happening.

The main reason for the drop in December, 2013, and the following bear market was the Mt. Gox scandal but for the current one there seem to be different reasons.

I’m sure one of them was the too heavy bull market last year. This brought many people to the crypto market, attracted by a get-rich-quick thought, and when the market turned down, they were the first to sell.

What do you think? Is there just one or many? Which ones?

Well, the MtGox in a way still had a part to play in this one so it seems like the ghost of MtGox is simply still haunting us. There is no doubt this was not warranted. The market was manipulated to the upper side last year ending, and it is obvious we had a huge FOMO and a market that just kept rushing upward nonstop without anything driving it but speculation, so this is more like a ripple effect in that case and it was expected all along.

fabiorem

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Actually, there's no reason, because every stock market is irrational, and that is what bitcoin is right now: a stock market.

We just speculate about reasons, trying to point to conspiracies and specific FUDs, to feel more comfortable about the dire situation we find ourselves in. Its just standard human behaviour.

Hirameki

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The crypto market is not just influenced by one happening. When you look at it, you've got to look at different sides because there are several things happening at the same time and you might not notice it but these affect the market, if not big, little by little. There goes FUDs, the correction period, the manipulators or the so-called whales, etc.

Remember that the market is volatile and is affected not just by one, but of many reasons.

Topic: Is there an only reason for the current market? (Read 453 times)