Topic: Is there an only reason for the current market? - page 3. (Read 453 times)
Cryptocurrencies are a very complex mathematical system in order to have one reason that can affect the entire system. This is a much more complex mechanism. All causes are interrelated and therefore the network is not affected by each factor individually but by a chain of different factors and their sequence.
Let's say, the 4th Quarter of 2017 bear market didn't take place, the reason would be the Regulations that the governments established to control exchanges and ICOs.
But the Governments established the regulation because of the "insane" response from the masses to the "new investment" which was the current hype at that time.
Manipulation? That thing happens all the time and like the others, it's just a small portion of the whole history.
So the most accurate answer to the OP is:
There is no definite reason to the current market, all things that happened had its own share to the current market.
TL;DR: No single (only) reason, same history guys.
But the Governments established the regulation because of the "insane" response from the masses to the "new investment" which was the current hype at that time.
Manipulation? That thing happens all the time and like the others, it's just a small portion of the whole history.
So the most accurate answer to the OP is:
There is no definite reason to the current market, all things that happened had its own share to the current market.
TL;DR: No single (only) reason, same history guys.
The biggest reason for the current situation is in correction which is followed after big pump to 20k $. It is just few months past after that and crypto market will need some time to recover and to people start think in positive way again. I think big players who dump at the top buying again, but very carefully to not increase price too much, this is certainly not in their interest right now. For now they are succeed in control of price, but I do not doubt that at one point BTC may explode again.
I do not want to compare Mt.Gox and last ATH, hack was something that was out of control and happened suddenly, and events that couse today's market were completely different, some may say planned in advance for one reason and that is profit.
I do not want to compare Mt.Gox and last ATH, hack was something that was out of control and happened suddenly, and events that couse today's market were completely different, some may say planned in advance for one reason and that is profit.
Capitalization of the cryptocurrency market is largely composed of speculative capital. Such capital is never stable. It seems to me that some of the speculators took their profits and left the market. For this reason, the price has decreased. But I think that in the future we will see many more such UPS and downs. A very attractive cryptocurrency market for speculation.
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.
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.
there are two parts to this drop. the first part is obviously the correction of the bubble ($20k) and the bear market that followed but the next part of it is purely manipulation that caused the drop to become a lot bigger than it should have become and it has been strong until today even though the drop slowed down to a halt. in other words in my opinion manipulation is the main reason for the current price.
but also I think many of the investors these days think 2013-2014 was the only time bitcoin had a bubble and a bear market so they are speculating about current market purely based on that one time. the reality is that there has been a couple of other times before that which they are missing and the similarity between today and those times are a lot more than the similarity with 2013-2014.
but also I think many of the investors these days think 2013-2014 was the only time bitcoin had a bubble and a bear market so they are speculating about current market purely based on that one time. the reality is that there has been a couple of other times before that which they are missing and the similarity between today and those times are a lot more than the similarity with 2013-2014.
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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?
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