If there was just one reason I could attribute this market to, it's probably the furious rally last December. Bitcoin went full mainstream as a speculative asset, and those new to the market either made money off it or got burned by it. At this point, a lot of people are able to say that they've tried it and have moved on from it, ignoring its technological potential. The general public's interest seems to have hit a roadblock, with nothing to keep them engaged.
But yeah, it's probably a lot complicated than that in reality. Crypto has grown a lot bigger since the Mt. Gox collapse, so it should be quite safe to assume that there are a lot more moving parts now.
Topic: Is there an only reason for the current market? - page 2. (Read 453 times)
Whales are speculating. All news are positive for now they are swing trading and making profit.
I am also trying swing trade and i already made nice profit from it.
I am also trying swing trade and i already made nice profit from it.
I also think they make nice profits these days, even for ordinary little trader with not too much money/BTC such low price movement does not make any sense, but for big players the situation is a bit different. Just take a example of trader that have 100 BTC, he can sell it yesterday for 670 000 $, and bay back today for 660 000$, it is 10 000 $ of profit. There is always some risk in that, but these days this risk is minimal - daily price is changed 50-100$ up&down almost every day.
Whales are speculating. All news are positive for now they are swing trading and making profit.
I am also trying swing trade and i already made nice profit from it.
I am also trying swing trade and i already made nice profit from it.
Most holders nowadays gaining quick profits as well like big players or whales, which is after the price climb they will dump early while big players is waiting for the right time to sell off , ( to obtain profits instead of losing money) and probably that is the main reason also why there's sudden drop during the fluctuation. which is because of panic selling from weak hands to avoid further loss , until the price collapse back to the bottom ,
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.
FUD and bad news are never the main reason for the drops, they can only intensify a drop. the reason for any drop is either normal correction (like the drop from $20k) or whale manipulation (like the drop from $10k till now). then the FUD is like the icing on the cake for that.
if you look at the news during rises you can see that the FUD still exists during the rises too. even when price was shooting up towards $20k without slowing down we had a shitload of FUD (like the Tether FUD) and lots of negative news (like Mt Gox selling their coins during that rise) but none of them could cause the drop because they are not the cause.
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.
There's no one individual reason for any market movement. Even the 2013/14 one. That one was mostly down to one thing but there were still other factors at play. With this market there are countless things to consider. Mostly I think it's a large amount of normal market movement. The price shot up too quick last year and this period is needed to restore normality and control expectation.
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.
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’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?
Its only when the market is red people starts asking "why all of a sudden this is happening", but not when the market is going green abnormally. I wonder why 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?
Anyways, last year the price started to skyrocket without any reason. This needed a correction and we went through the correction phase resulting in current price. If you compare the price with last year (quarter 1), you will see that we are still on the green side. The price went up and people had to cash out their profit resulting in further more price dropping. This is temporary and we will soon be seeing the price go back up again once a balance is reached.
Time and time again every bitcoin users look for a reason to justify if ever they are on panic mode and will blame to it when they can’t handle the pressure then sold at low price.. That’s why I don’t ask for reasons it can only make myself vulnerable by emotional conflict within my system..
We can come up for any reason either government regulation or bad propaganda by our financial institutions,, but it doesn’t make as a better trader knowing this or talking about it every time.. Cryptocurrency is a demand and supply market, so increases and decreases at anytime is normal..
We can come up for any reason either government regulation or bad propaganda by our financial institutions,, but it doesn’t make as a better trader knowing this or talking about it every time.. Cryptocurrency is a demand and supply market, so increases and decreases at anytime is normal..
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.
IMO there isn't a specific reason but rather a combination of several factors. For instance, the massive dumps (which seem to happen at random) that we've seen over the past few weeks + the overall bearish sentiment which keeps growing every day are two key factors that are definitely behind current state of the market.
There's also the lack of buying pressure, lack of fresh capital in the cryptosphere from investors, slow movements in the market after the correction from the last ATH, low volume, etc...Overall, I'm 100% there isn't just one reason that can explain what's going on in the cryptocurrency market right now.
There's also the lack of buying pressure, lack of fresh capital in the cryptosphere from investors, slow movements in the market after the correction from the last ATH, low volume, etc...Overall, I'm 100% there isn't just one reason that can explain what's going on in the cryptocurrency market right now.
It doesn't even matter anymore why the price has gone down. The only thing that matters is what you are doing to improve your position in this market.
Ok, the price went down after your purchase at way higher levels...... Buy at current levels to get that price to come down. Do something to improve, be productive. As soon as the price starts going up again, you'll realize that the coins you bought at current levels will help you to virtually break-even faster.
Waiting for the price to go back up to the levels you bought at is pointless and a waste of time.
Our decision is very important, a lot of speculation and throwback is happening during the dump market and I agree that we must do something good about our portfolios for our own sake. Expect this market to stand up high again, so take this chance now instead of waiting for another dump. Ok, the price went down after your purchase at way higher levels...... Buy at current levels to get that price to come down. Do something to improve, be productive. As soon as the price starts going up again, you'll realize that the coins you bought at current levels will help you to virtually break-even faster.
Waiting for the price to go back up to the levels you bought at is pointless and a waste of time.
Supply and demand resetting itself back to normal market circumstances. We still have managed to secure a great deal of adoption in 2017 to where we are right now. The price might have gone down, but more adoption is still here.
I don't see anything unfair about current market. I would even say that higher levels are not justified and don't mirror what we have gone through. Maybe in 2019 we will get back to these levels, but definitely not now.
I find it somewhat amusing how the mainstream media constantly tries to link increases and decreases with certain events, while we don't need anything to increase or decrease. It's an open market not depending on reports.
I don't see anything unfair about current market. I would even say that higher levels are not justified and don't mirror what we have gone through. Maybe in 2019 we will get back to these levels, but definitely not now.
I find it somewhat amusing how the mainstream media constantly tries to link increases and decreases with certain events, while we don't need anything to increase or decrease. It's an open market not depending on reports.
no reason whatsoever. the current down market is already like an annual tradition. but, I think in August, the price will rise again to the next level. as far as i know, its falling current market due to whales.
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 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?
In 2013, 2014 I would agree with you. Mt. Gox as the main exchange, where more than 70% of the trading volume took place was the main reason, probably the only reason for what has happened. Several hacks, pushing price artificially up via Willy Bot and so on.
But now things are much more complex and different imo as the space is way bigger and much more diversed.
However there are still lots shady persons around who try to manipulate and fool as people as possible. But also in december it was definitely the parabolic price rise what was causing the crash afterwards. We saw a more than 230% price increase in ~30 days!!!
That was just way too much.
It doesn't even matter anymore why the price has gone down. The only thing that matters is what you are doing to improve your position in this market.
Ok, the price went down after your purchase at way higher levels...... Buy at current levels to get that price to come down. Do something to improve, be productive. As soon as the price starts going up again, you'll realize that the coins you bought at current levels will help you to virtually break-even faster.
Waiting for the price to go back up to the levels you bought at is pointless and a waste of time.
Ok, the price went down after your purchase at way higher levels...... Buy at current levels to get that price to come down. Do something to improve, be productive. As soon as the price starts going up again, you'll realize that the coins you bought at current levels will help you to virtually break-even faster.
Waiting for the price to go back up to the levels you bought at is pointless and a waste of time.
I think the reason is still the same as whatever happened. the reason for this decline is due to an announcement made by the securities and exchange commission, in which all initial coin offers (ICOs) on their respective platforms must register with the agency, or simply cancel the list. This is in line with the harsh attitude of the commission that was adopted against ICO, because of the large number of fraud cases, due to the lack of regulation on this issue. I think that movement has triggered a sharp decline in the value of bitcoin and altcoin followed by almost all of the top 100 crypto in coinmarketcap.
Part of the reason for the surge last year was all the hard-forks. People were buying bitcoin to get their "free money". And once they got their coins, they started selling in December/January and cashed out for a nice profit.
Also -the ICO crazy last year propped up bitcioin, because in order to buy into an ICO you needed to buy either bitcoin or ether first with fiat. The drop in ICOs means a drop in buying pressure for bitcoin and ether.
Also -the ICO crazy last year propped up bitcioin, because in order to buy into an ICO you needed to buy either bitcoin or ether first with fiat. The drop in ICOs means a drop in buying pressure for bitcoin and ether.
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